1、Morningstar Equity Company Report|Report as of 11 Aug 2025 02:59,UTC|Reporting Currency:JPY|Trading Currency:JPY|Exchange:TOKYO STOCK EXCHANGEPage 1 of 22?Sanrio Co Ltd 8136 QQQ 11 Aug 2025 02:51,UTCLast Price6,206.00 JPY8 Aug 2025Fair Value Estimate6,600.00 JPY11 Aug 2025 02:49,UTCPrice/FVE0.94Mark

2、et Cap1.47 JPY Tril8 Aug 2025Economic MoatTMNarrowEquity Style Box3 Large GrowthUncertaintyHighCapital AllocationStandardESG Risk Rating Assessment1;4 Jun 2025 05:00,UTCPujance ChanEquity AnalystMContentsAnalyst Note(11 Aug 2025)Business DescriptionBusiness Strategy&Outlook(13 Jun 2025)Bulls Say/Bea

3、rs Say(11 Aug 2025)Fair Value and Profit Drivers(11 Aug 2025)Economic Moat(11 Aug 2025)Risk and Uncertainty(13 Jun 2025)Financial Strength(11 Aug 2025)Capital Allocation(13 Jun 2025)FinancialsESG RiskRecent Analyst NotesResearch Methodology for Valuing CompaniesImportant DisclosureThe conduct of Mor

4、ningstars analysts is governed by Code of Ethics/Code of Conduct Policy,Personal Security Trading Policy(or an equivalent of),and Investment Research Policy.For information regarding conflicts of interest,please visit:http:/ primary analyst covering this company does not own its stock.Reporting Curr

5、ency:JPY|Trading Currency:JPYCurrency amounts expressed with$are in U.S.dollars(USD)unless otherwise denoted.1The ESG Risk Rating Assessment is a representation of Sustainalytics ESG Risk Rating.Sanrio Earnings:Robust Japan and China Sales to Offset US Tariff Headwinds;Fair Value up 12%Analyst Note

6、Pujance Chan,Equity Analyst,11 Aug 2025Sanrio reported record-high June-quarter revenue and operating income of JPY 43 billion(up 49%from last year)and JPY 20 billion(up 88%),respectively.2025 revenue and operating income guidance is raised to JPY 168.9 billion(up 4%from previous guidance)and JPY 67