Worth reading
26Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateROE17.1% (actual for the fiscal year ended December 2025) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Self-assessment of PBR and share priceShare price: ¥224; PBR: 1.52x. The company assesses the shares as undervalued because the recovery in earnings has not been sufficiently reflected in the share price.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Maintaining and improving game development capabilities (securing talent)
02Alliances with other companies
03Stabilizing the Financial Base
04Maximize the value of games in line with market conditions
05Expanding the top line by continuously producing hit new titles
06Establishing a stable earnings base through the long-term, steady operation of existing titles
Size of the Target MarketIndicator Domestic gaming population / Figures 54.75 million people / Timing 2024 / Source ㈱角川アスキー総合研究所, Famitsu Game White Paper 2025, Indicator Mobile game users / Figures 42.77 million people / Timing 2024 / Source ㈱角川アスキー総合研究所, Famitsu Game White Paper 2025, Indicator Domestic online platform game content market size / Figures Trend from 2015 to 2026; 2025 and 2026 are forecasts / Source ㈱角川アスキー総合研究所, Famitsu Game White Paper 2025
Risks identified by the company
Slowing growth in Japan's smartphone game market
Declining competitive advantage and deteriorating profitability due to intensifying competition with other companies
Rapid changes in user needs
Dependence on specific game titles
Delays in developing and acquiring new game titles and localizing overseas titles
Rising production costs
System risks, including system outages and network disconnections
Reason for revision or withdrawal
Because the online game business is subject to significant short-term fluctuations and it is difficult to calculate appropriate and reasonable figures, the Company has refrained from publishing a numerical business plan.
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Progress against the plan | Annual update |
| ROE target | 17.1% (actual for the fiscal year ended December 2025) → Not disclosed |
| Self-assessment of PBR and share price | Share price: ¥224; PBR: 1.52x. The company assesses the shares as undervalued because the recovery in earnings has not been sufficiently reflected in the share price. |
| Key initiatives | Maintaining and improving game development capabilities (securing talent), Alliances with other companies, Stabilizing the Financial Base, Maximize the value of games in line with market conditions, Expanding the top line by continuously producing hit new titles, Establishing a stable earnings base through the long-term, steady operation of existing titles |
| Reason for revision or withdrawal | Because the online game business is subject to significant short-term fluctuations and it is difficult to calculate appropriate and reasonable figures, the Company has refrained from publishing a numerical business plan. |
| Size of the Target Market | Indicator Domestic gaming population / Figures 54.75 million people / Timing 2024 / Source ㈱角川アスキー総合研究所, Famitsu Game White Paper 2025, Indicator Mobile game users / Figures 42.77 million people / Timing 2024 / Source ㈱角川アスキー総合研究所, Famitsu Game White Paper 2025, Indicator Domestic online platform game content market size / Figures Trend from 2015 to 2026; 2025 and 2026 are forecasts / Source ㈱角川アスキー総合研究所, Famitsu Game White Paper 2025 |
| Risks identified | Slowing growth in Japan's smartphone game market, Declining competitive advantage and deteriorating profitability due to intensifying competition with other companies, Rapid changes in user needs, Dependence on specific game titles, Delays in developing and acquiring new game titles and localizing overseas titles, Rising production costs, System risks, including system outages and network disconnections |
| Publication date | July 2026 |
Items this document does not state (16)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planDate of board resolution
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.Because the online game business is subject to significant short-term fluctuations and information disclosed on new game titles is limited, the Company considers it difficult to calculate appropriate and reasonable medium- to long-term figures and has therefore refrained from publishing a numerical business plan.
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.