On May 16, Korean financial company�Hyundai Securities talked about JYP Entertainment's plans for the rest of this year as we approach the second half of 2014. �
The entertainment agency has maintained their targeted stock price of 10,000 won (~ $10 USD) and kept to their outlines regarding purchases in the first quarter of the year. �
It was also revealed that their profits from the first quarter were a 168.8% increase over the same period last year for a total of 7.6 billion won (~ $7.4 million) while their business profits were 330 million won (~ $300,000 USD).�
From the first quarter, the main factors of the total results are GOT7's mini-album sales starting in January, 2PM and Suzy's CF profits, 2PM's Japanese album sales, and music distribution sales on China's Baidu.
Hyundai Securities analyst, Jin Hong Kook, said, "It seems JYP Entertainment's artists have started full-scale promotions in the second quarter. �The favorable results will likely continue to strengthen in the second half."
SEE ALSO: Ji Chang Wook confirmed for Disney+'s first Korea-Japan co-production 'Merry Berry Love'
It appears in June, 15& and GOT7 will have new releases while 2PM and miss A will be having their comebacks sometime in the third quarter. �Also in the second half, GOT7 will promote in Japan and a rookie group will be debuting.
Analyst Jin added, "In the third quarter, the results from 2PM's arena tour in Japan during the first quarter and the upcoming JYP Nation's Asia Tour in August and September will be seized. �In the fourth quarter, the results will be accounted for Jun.K and Junho's Japanese tours in July and 2PM's Asia Tour from October to December."
Tip: hottest
SHARE
Log in to comment