by Hi, Investment & Securities maintained a ‘buy’ rating on JYP Entertainment ( JYP Ent. In the second quarter of this year, JYP Entertainment recorded sales of KRW 67.8 billion (+67%, compared to the previous year) and an operating profit of KRW 24.3 billion, significantly exceeding market expectations.
Park Da-gyeom, a researcher at Hi Investment & Securities, said, “It is the result of operating leverage effect while sales grew rapidly, such as record KRW 29.4 billion, concert 10 billion won, performance fee 1.3 billion, advertisement 5.1 billion won, MD 8.6 billion won, and other 13.2 billion won.”
The lineup’s vigorous activity is on standby, so the 3Q earnings momentum is abundant.” “We are waiting until next year’s all-time rookie momentum,” he said.
“A boy group that is highly likely to replicate the success of NiziU in Japan, the largest K-pop market in a single foreign country, and the world’s largest music market and three major importers of K-pop albums.
The possibility of multiple expansion is also open depending on the size of the success of the girl group that will debut together with Republic in the United States.”
