“JYP Entertainment, new group NiziU’s activity is momentum”

NH Investment & Securities predicted that JYP Entertainment’s earnings are expected to improve this year based on the growth of a new group that exceeded expectations.
According to NH Investment & Securities on the 8th, NiziU, a rookie group under JYP Entertainment, sold 310,000 copies of their first single album, which is about 120% higher than when TWICE entered Japan in 2018.
Lee Hwa-jeong, a researcher at NH Investment & Securities, said, “We are raising our earnings estimates to reflect NiziU’s growth. Even if concert tours are not possible this year, we can expect operating profit of 10 billion won through NiziU-related albums and MDs.”

Source:
https://biz.chosun.com/site/data/html_dir/2021/01/08/2021010800410.html?utm_source=naver&utm_medium=original&utm_campaign=biz

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