KNM

Konami Group Corporation

Consumer Products and Services First-pass screen £13.3bn

320/1000 Overall fit

AI beneficiary 35% 28

Operating leverage 25% 35

Valuation 25% 30

Downside protection 15% 40

First-pass take

Konami is a gaming/entertainment company with no AI exposure evident in this filing. Operating margin collapsed 730bps (19.2%→11.8%) on flat revenues, free cash flow turned sharply negative (−¥11B), and dividends were cut 64% (¥126→¥45), signaling management expects sustained headwinds.

Flags

no-valuation-datamargin-compressionnegative-fcfdividend-cutcyclicaldeclining-roegaming-entertainment