Komori
Revision of earnings forecasts7844Marvelous Inc.Information and Communications, Services and Others

Notice Regarding the Recording of an Extraordinary Loss and Deferred Tax Assets Due to a Change in Accounting Estimates, and Revisions to the Full-Year Consolidated Earnings Forecast

The full-year forecast for the fiscal year ended March 2024 was reviewed. Revenue, operating profit and ordinary profit were revised upward, while net income attributable to owners of the parent was revised downward from ¥1,650 million to negative ¥530 million due to an impairment loss on game development assets of ¥3,545 million and other factors. In addition, from April 2024 onward, the accounting policy was changed so that, except for certain titles, game development costs would no longer be capitalised but expensed as incurred.

Worth reading
72In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-2180
¥ million
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

2024 年3月期 · Full yearPrevious forecast published 2024 年1月 31 日
Net Sales28,500→29,040million
+1.9%
Operating profit2,000→2,410million
+20.5%
Ordinary income2,400→3,000million
+25.0%
Profit attributable to owners of the parent1,650→-530million
-132.1%
Net income per share27.26→-8.59yen and sen
-131.5%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

利益率の高い商品・サービスの売上の伸長、コスト削減、円安進行による為替差益により売上高・営業利益・経常利益は増加したが、会計上の見積り変更に伴う特別損失と繰延税金資産の計上により、親会社株主に帰属する当期純利益はマイナスとなる見込みとなった。

Details and amount of extraordinary loss

ゲーム開発資産評価損 3,545百万円

Previous-period results売上高 25,341百万円、営業利益 2,488百万円、経常利益 2,931百万円、親会社株主に帰属する当期純利益 1,925百万円、1株当たり当期純利益 31.85円
Dividend forecast revision修正なし(期末配当1株当たり33円)
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥28,500 million → ¥29,040 million(+1.9%)
Operating profit¥2,000 million → ¥2,410 million(+20.5%)
Ordinary income¥2,400 million → ¥3,000 million(+25.0%)
Profit attributable to owners of the parent¥1,650 million → ¥-530 million
Net income per share27.26 yen and sen → -8.59 yen and sen
Fiscal Period Covered2024 年3月期
Period CoveredFull year
Publication date of previous forecast2024 年1月 31 日
Previous-period results売上高 25,341百万円、営業利益 2,488百万円、経常利益 2,931百万円、親会社株主に帰属する当期純利益 1,925百万円、1株当たり当期純利益 31.85円
Reason for the revision利益率の高い商品・サービスの売上の伸長、コスト削減、円安進行による為替差益により売上高・営業利益・経常利益は増加したが、会計上の見積り変更に伴う特別損失と繰延税金資産の計上により、親会社株主に帰属する当期純利益はマイナスとなる見込みとなった。
Details and amount of extraordinary lossゲーム開発資産評価損 3,545百万円
Dividend forecast revision修正なし(期末配当1株当たり33円)
Consolidated / non-consolidatedConsolidated

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

利益率の高い商品・サービスの売上伸長、コスト削減、円安進行による為替差益により売上高・営業利益・経常利益は増加する見込みとなった。一方、ゲーム市場の環境変化やユーザー嗜好の変化、新規オリジナルタイトルの販売計画未達を踏まえて会計上の見積りを変更し、特別損失と繰延税金資産を計上するため、親会社株主に帰属する当期純利益はマイナスとなる見込みとなった。

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Recording of an Extraordinary Loss and Deferred Tax Assets Due to a Change in Accounting Estimates, and Revisions to the Full-Year Consolidated Earnings Forecast | Marvelous Inc. (7844) timely disclosure | Komori