Worth reading
42Recurring
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
37.1
% (year-on-year decline in net sales)Wording
Avoiding a definitive answer
How definitive the wording is.Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPNet Sales3,249¥ millionYear on year -37.1%
Operating profit241¥ millionYear on year -82.2%
Ordinary income191¥ millionYear on year -61.9%
Net income attributable to owners of the parent164¥ millionYear on year -54.7%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.
Net income per share¥3.51
Financial position at period-end
Total assets9,089¥ million
of which net assets 7,024 ¥ millionEquity ratio 77.5%vs. prior year-end +2.8pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Outlook and shareholder returns
Revision to Earnings ForecastNot disclosed → Net Sales 6,745 (YoY -25.0%) / Operating profit 327 (YoY -82.2%) / Ordinary income 157 (YoY -85.9%) / Profit attributable to owners of the parent 109 (YoY -86.8%)
Annual Dividend Forecast¥0 → To be determined
Factors Behind Changes in Business Performance
Competition intensified due to the entry of IP-based titles and overseas companies into the gaming market, while users' required quality standards rose, leading to longer development periods and higher development costs. Although KPIs for long-running titles naturally declined, events, the addition of new characters, title releases and contract services contributed to earnings.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsThe company resolved to make an additional investment in Betimo Co., Ltd., an equity-method affiliate. The number of shares to be subscribed for is 5,220, and the payment amount is ¥261,000 thousand. The ownership interest will remain unchanged at 42.85%.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥12 thousand / Extraordinary loss Not disclosed
Depreciation and amortization¥22,335 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End46,705,300 Shares
Treasury Shares at Period-End37,100 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥3,249 million (YoY -37.1%) |
| Operating profit | ¥241 million (YoY -82.2%) |
| Ordinary income | ¥191 million (YoY -61.9%) |
| Profit attributable to owners of the parent | ¥164 million (YoY -54.7%) |
| Net income per share | ¥3.51 |
| Equity ratio | End of the current fiscal period 77.5 / End of previous period 74.7 |
| Total assets | ¥9,089 million |
| Net assets | ¥7,024 million |
| Revision to Earnings Forecast | Not disclosed → Net Sales 6,745 (YoY -25.0%) / Operating profit 327 (YoY -82.2%) / Ordinary income 157 (YoY -85.9%) / Profit attributable to owners of the parent 109 (YoY -86.8%) |
| Annual Dividend Forecast | ¥0 → To be determined |
| Depreciation and amortization | ¥22,335 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥12 thousand / Extraordinary loss Not disclosed |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | The company resolved to make an additional investment in Betimo Co., Ltd., an equity-method affiliate. The number of shares to be subscribed for is 5,220, and the payment amount is ¥261,000 thousand. The ownership interest will remain unchanged at 42.85%. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 46,705,300 Shares |
| Treasury Shares at Period-End | 37,100 Shares |
| Factors Behind Changes in Business Performance | Competition intensified due to the entry of IP-based titles and overseas companies into the gaming market, while users' required quality standards rose, leading to longer development periods and higher development costs. Although KPIs for long-running titles naturally declined, events, the addition of new characters, title releases and contract services contributed to earnings. |
Items this document does not state (13)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodFull-year earnings forecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment loss
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company cited intensifying market competition due to the entry of IP-based titles and overseas companies into the gaming market, as well as longer development periods and higher development costs resulting from rising quality standards demanded by users. It also stated that KPIs for long-running titles have naturally declined.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.