[Click e-Stock] "Nomus, Annual Concert Performance Continues Steady Growth"

On March 11, DS Investment & Securities set a target price of 28,000 won for NOMUS, reflecting the company's earnings growth trend, and maintained its investment opinion as 'Buy'.

Daehyung Cho, an analyst at DS Investment & Securities, stated in a report released the same day, "Since the company began conducting overseas tours in earnest in 2023, the number of tour participants has steadily increased, rising from 150,000 in 2024 to 200,000 in 2025." He explained, "This is attributable to the influx of powerful artists and the increasing trend of expanding tour scale in the year following a successful tour."

Cho further noted, "Even without tours by mega intellectual property (IP) artists, performances for 300,000 attendees have already been confirmed for 2026. In 2027, this figure is expected to exceed 400,000, and mega IP tours are also scheduled for the third and fourth quarters of 2026."

Although somewhat delayed, NOMUS is also making a full-fledged push into the Chinese market. After launching a WeChat Mini Program (WMP), the company entered the Chinese market and is expected to complete releases on major Chinese app stores within the first quarter. In the second half of the year, the company plans to expand its business scope by launching bundled subscription products through collaboration with Mango TV, and will sequentially introduce integrated models that combine opportunities for online video calls and participation in offline fan meetings.

Cho added, "Since artists' schedules impact business operations, there is always potential for performance volatility due to unexpected variables. However, the annual growth trend in performance remains intact." He also stated, "Even without reflecting the results of the Chinese business, this year's sales of 9.98 billion won and operating profit of 2.27 billion won have high visibility."

This content was produced with the assistance of AI translation services.