JYPE's album sales reach all time high due to SKZ growth

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Korea Investment & Securities maintained a Buy rating on JYP Ent . and raised its target price from 65,000 won to 72,000 won . This is due to the increase in album sales and concert sales of the affiliated singers.

Park Ha-kyung, a researcher at Korea Investment & Securities, said, " JYP Ent .'s sales in the first quarter are expected to increase 86 % year-on-year to KRW 60.2 billion and operating profit to increase 37 % to KRW 18.9 billion, in line with the consensus." It recorded an all- time high of 2.4 million copies ( 290,000 copies in the first quarter of last year ).” He continued, "Due to the strong album sales, album and music sales are expected to increase by 154 % compared to the previous year to 38.2 billion won, and concert sales are expected to be 2.1 billion won due to Twice's US concert held in February (7 times, attracting 100,000 people) and Stray Kids' domestic fan meeting. "The concert in the US is a synagogue," he said.

The boy group in the middle is growing rapidly." He said, "This year's album sales are expected to increase by 46 % compared to the previous year to 7.8 million copies due to the active activities of the company's lineup." He also said, "This Stray Kids album achieved the top spot on the Billboard 200 and localization strategy NiziU , which debuted last year , recorded sales of KRW 18 billion ( 9 % ) . %,” he said.