Capcom Co Ltd
9697: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| JPY 6,169.00 | Cybgz | Rphnshxk |
Initiating on Capcom With a Narrow Moat and a Fair Value Estimate of JPY 3,000
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Business Strategy and Outlook
Capcom is a Japanese game developer, and its most notable flagship series, Resident Evil and Monster Hunter, account for the majority of its sales and profits. In the 2010s, Capcom changed its strategy from relying on new releases, to focusing on selling remakes and expanding global sales of old titles through digital distribution. This paved the way for Capcom’s stable sales growth and high profits in the past 10 years.