JYP Ent.: Confirm Growth Trends for NiziU and STRAY KIDs
NH Investment & Securities suggests that both NiziU & SKZ enter full-fledged growth phases driven by Oversea fans.
4th Q 2020, operating profit down 22% year on year (partly due to higher expenses). However, overseas digital sales are up 138% year on year and 214% Q on Q. Youtube income is up 102% year on year and 16% Q on Q.
They attribute this to the growth of NiziU & SKZ and the renewal of the China supply contract.
The decline in Net profit for 4th Q 2020 is inevitable due to Optimus fund losses recorded on the non-operating side.
