Game and Entertainment Stocks: Nippon Ichi Software Hits Year-High, GungHo Also Bought

EarningsM&A · PartnershipAnalyst
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Summary · why it matters

On the morning of August 31, the Tokyo stock market fell, with the Nikkei average closing at 65,361.60 yen, down 1,043.96 yen from the previous business day. Among 99 game and entertainment-related stocks, 49 rose and 42 fell, with buying prevailing. Nippon Ichi Software revised up its consolidated earnings forecast for the fiscal year ending March 2027, hitting a year-high and temporarily reaching the daily limit. Akatsuki continued to rise on expectations that Tokai Tokyo Securities raised its target price from 3,820 yen to 5,460 yen. GungHo was bought after announcing a capital and business alliance with Sony Music Entertainment, with SME expected to become the largest shareholder.

Impact on stocks 4

Communication Services · 3 stocks
Gungho Online Entertainment, Inc.
3765
▲ PositiveCapitalrelevance

Announced a capital and business alliance with Sony Music Entertainment, which is expected to become its largest shareholder.

Nippon Ichi Software, Inc.
3851
▲ PositiveCapitalrelevance

Revised up its consolidated earnings forecast for the fiscal year ending March 2027, hitting a year-high.

Aging Population · 1 stocks
Akatsuki Corp.
8737
▲ PositiveCapitalrelevance

Continued to rise on expectations after Tokai Tokyo Securities raised its target price from 3,820 yen to 5,460 yen.