Nomura raises Capcom stock target to JPY 4,400

Capcom (JP3218900003) became the subject of a mixed Nomura call on October 7, 2026, when the bank cut its rating from Buy to Neutral but raised its price target from JPY 4,200 to JPY 4,400. Markets Insider reported the change, putting valuation discipline alongside Capcom's strong operating momentum.

Nomura changes the valuation debate

The target moved JPY 200.00 higher even as the rating fell one step, a combination that signals improved earnings assumptions but less room for multiple expansion. The distinction matters because the target increase does not amount to a Buy recommendation.

Capcom's first quarter of fiscal 2027 delivered revenue of JPY 70.41 billion, up 54.70 percent year over year, while operating profit reached JPY 41.05 billion, up 66.90 percent. Those figures provide the operating evidence behind the higher target, but the rating change shows that price and execution are being assessed separately.

What does the target change mean?

The answer is in the contrast between the JPY 4,400 target and the Neutral rating. Simply Wall St also listed an updated fair value of JPY 4,634, up from JPY 4,526, while noting that Capcom had joined the Nikkei 225 in October 2026.

For investors, the next test is whether the release schedule converts the first quarter surge into a broader fiscal-year pattern. Capcom's business spans home console, PC and mobile content, as well as amusement equipment, with digital content providing the main earnings engine.

Three dated developments

On September 10, 2026, Capcom announced that Monster Hunter Wilds would launch on Nintendo Switch 2 on December 4, 2026. On September 29, 2026, the company said Monster Hunter Outlanders would launch on mobile on October 29, 2026.

On October 7, 2026, Nomura then raised the target to JPY 4,400 from JPY 4,200 while cutting the rating to Neutral. Together, the dated developments show a pipeline built around launches and an equity story that now depends on delivery against elevated expectations.

Next dates for Capcom

Simply Wall St lists October 27, 2026, for Capcom's second quarter fiscal 2027 results. The next product date is October 29, 2026, when Monster Hunter Outlanders is scheduled for mobile release, according to Capcom's investor-relations page.

Euro quote after the Xetra session

Capcom stock was last at EUR 24.68 at Lang & Schwarz on October 12, 2026 at 10:57 p.m. CEST. The finance quote for the Tokyo listing showed a market capitalization of JPY 1.8 trillion, with a 52-week range of JPY 2,736.00 to JPY 4,519.00 as of October 9, 2026.

The further course of trading is shown by the continuously updated real-time quote of Capcom stock.

Market context: Market report Nikkei 225.

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