nice write up, but is it worrying that its main IPs (One Piece & Dragon Ball) are older titles? I wonder how long they can milk the nostalgia factor, and if there are newer IPs being developed 🤔
Yeah, they are really concentrated in the older IPs. But what I think is, that it is the good part. It is like Walt Disney having Mickey´s IP for 100 years. The thing that it already has +30 years is a verification of the long duration of its IPs quality. Even so, they only report the 4 IPs with the biggest revenues, but the rest of IPs grow a +12%CAGR their topline, with their op leverage, they could grow its FCF at 15-20%CAGR.
nice write up, but is it worrying that its main IPs (One Piece & Dragon Ball) are older titles? I wonder how long they can milk the nostalgia factor, and if there are newer IPs being developed 🤔
Yeah, they are really concentrated in the older IPs. But what I think is, that it is the good part. It is like Walt Disney having Mickey´s IP for 100 years. The thing that it already has +30 years is a verification of the long duration of its IPs quality. Even so, they only report the 4 IPs with the biggest revenues, but the rest of IPs grow a +12%CAGR their topline, with their op leverage, they could grow its FCF at 15-20%CAGR.