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9766.T
ACCE-researched

Konami Group Corporation (9766.T) fair value

Communication Services · Electronic Gaming & Multimedia · TSE · Japan
¥24500.00-2.68%
Market cap ¥3.32TNext earnings 2026-10-29Updated Oct 24, 2026 · valuation updating
Our verdict
No fair value
We are missing the financial data our models need for this company. It will appear once the data arrives.
Not valued: there are no financial statements on file yet.
ACCE opinionKonami Group Corporation (9766.T)
Fair value
Not available
ACCE price target
¥25872
Rating
Not rated
Horizon
12 months
ACCE price target published on 22 Oct 2026, 16:00 CEST.
Price used: ¥24500 at the close on 23 Oct 2026, 08:30 CEST.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
80
out of 100
P/E
21.0x
forward 40.7x
1-year return
+10.4%
Dividend yield
1.00%

Konami Group Corporation in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Konami makes the Metal Gear, Silent Hill, Yu-Gi-Oh! and eFootball franchises, and its Yu-Gi-Oh! trading card game is a steady earnings base that keeps working even when individual game launches miss. The structural edge is that a large share of revenue comes from licensed IP and recurring card and mobile sales rather than one-off boxed copies, which explains a 50.4% gross margin and a 35.0% operating margin. Revenue grew 33.6% over the last year, and the forward P/E of 41.8 against a trailing 21.4 signals that the market expects earnings to reset or fall before they grow again, so the question for a deeper look is whether that step-down is cyclical or structural. The 21.2% ROE and the absence of index membership suggest a company that the broader market has not yet fully priced or even noticed, which makes the earnings-quality question worth working through before deciding anything further.

AI-assisted·How I use AIWritten Oct 23, 2026
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
  • moderate
    Forward P/E well above trailing
    Trailing P/E is 21.4 but forward P/E is 41.8, implying consensus expects earnings to fall sharply. Worth checking why before sizing a position.
  • moderate
    Sequential revenue decline
    Revenue is up 33.6% year on year but down 7.9% quarter on quarter, so the growth rate is decelerating from the latest quarter.

AI research notes

AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-10-22 · prices to Oct 23, 2026
Why it could do well
  • Konami's net margin of 21.4% shows the business keeps a large share of each yen of revenue as profit.
  • Free cash flow of JPY 72.3B over the last twelve months gives the company plenty of real cash to fund its plans.
  • Earnings per share beat expectations by 13.6%, with EPS of 240.30 against 211.55 expected in the latest report.
Why it could disappoint
  • The forward P/E of 41.8x is roughly double the trailing 21.4x, so the market expects earnings to fall sharply.
  • Analysts' mean price target of JPY 27122.94 sits only 7.7% above the current share price, leaving limited upside.
  • Year-over-year revenue growth slowed to 33.6%, well below the 116.6% average annual growth of the past five years.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Walk me through this stock

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Valuation

INVESTOR
Where 9766.T's valuation models land
Price
¥24500.00
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Quality

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Analysts

Wall Street consensus

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Smart Money

PRO

In one line

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Last 90 days
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No trades filed
Last 180 days
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No trades filed
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Where it sits vs peers

News and Record

Recent performance

1 week
-1.4%
1 month
+16.4%
3 months
+33.7%
6 months
+23.1%
YTD
+14.9%
1 year
+10.4%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
22 Oct 2026, 16:00 CESTACCE price target¥25872first publication¥25175

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in JPY. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth100Value44Quality91Momentum83Total80
Valuation
Trailing P/E
21.0x
Forward P/E
40.7x
PEG
0.33
P/B
no data
EV / Revenue
no data
Book value/sh
no data
Enterprise value
no data
Profitability
ROE
21.2%
FCF yield
2.12%
ROIC
no data
Health and risk
Debt / equity
0.09
Dividend yield
1.00%
Beta
no data

Price

+9.8% · 1Y

Ask anything about 9766.T

Answered from Konami Group Corporation fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 75% of peers
low 16.4x21.0xhigh 49.0x
ROEbetter than 100% of peers
low -432%21%high 21%
Div yieldbetter than 50% of peers
low 0.0%1.0%high 2.5%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
9766.T Konami Group Corporation¥24500.00--21.0x21.2%9180
3659.T NEXON Co., Ltd.¥2814.00--16.4x12.5%9067
RBLX Roblox Corporation Class A Common Stock$53.96----432.3%2137
TTWO Take-Two Interactive Software Inc. Common Stock$207.81----9.0%3429
9697.T Capcom Co., Ltd.¥4413.00--27.7x-9379
EA Electronic Arts Inc. Common Stock$209.70$11090% above49.0x16.5%8788
7974.T Nintendo¥8699.00¥515669% above21.2x14.9%5148

Sector report card

Where 9766.T ranks against its sector peers on each metric.

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