Japanese game publisher
Capcom Co.’s shares are up by a third this year, outpacing the broader Tokyo market and capping off a remarkable 1,200% surge over the past decade. That’s in part because the $11 billion company has punched well above its weight, spawning Hollywood franchises such as
Resident Evil and
Monster Hunter.
The rally means Capcom, which reports earnings Wednesday, is trading at valuations well in excess of many of its biggest rivals from
Konami Group Corp. to
Bandai Namco Holdings Inc. It’s doing so despite lagging peers in the smartphone gaming arena, which now makes up half the industry’s sales. Of analysts covering the company, 7 rate it a hold and 10 a buy, with one sell.