Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Nintendo (7974) | No Christmas Present This Year

Good Morning Japan |Peak Rates Still 5% Post Powell - Beta Roars Back; Inbound-China Excludes Japan

Equity Bottom-Up

<ul>
<li>Nintendo’s stocked recently popped on two positive developments – Splatoon 3 sales set a record for a Switch game &amp; Nintendo Direct announced the release date of Legend of Zelda</li>
<li>Switch life cycle is coming to an end.  The cycle had been extended by Covid and supply issues for Sony PS5</li>
<li>Nintendo’s stock is cheap, defensive and pays a reasonable dividend, but catalysts are running out and the stock will likely follow revenues lower</li>
</ul>


Nintendo’s stocked recently popped on two positive developments – Splatoon 3 sales set a record for a Switch game &amp; Nintendo Direct announced the release date of Legend of Zelda
Switch life cycle is coming to an end.  The cycle had been extended by Covid and supply issues for Sony PS5
Nintendo’s stock is cheap, defensive and pays a reasonable dividend, but catalysts are running out and the stock will likely follow revenues lower


Nintendo

Nintendo (7974) | Beware of Cycles