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Marvelous (7844) · FactExisting titles remained solid, but underperforming new releases resulted in a segment lossLatest Earnings (2026-07-31): "Mitigated"

Decline in Revenue and Profit in the Online Business

First written in FY2017. 1 of 31 entries say "Worsened", first in 2026-05-15. Latest entry: 2026-07-31.

31entries
10years
3from disclosures
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ProgressHeldSoftenedWorseOtherFY2017 – FY2026-H12017: 320172018: 320182019: 320192020: 420202021: 420212022: 320222023: 420232024: 220242025: 120252026: 42026
Same theme, other companies
Decline in Revenue from Existing Mobile Game Titles and Failure to Meet New-Title Sales TargetsA theme 7 companies write about · 7 as a headwind · 0 as a tailwind

1 other company's latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-07-31MitigatedEarnings

    「Segment profit 382 560 517 1,460 △418 1,042」

    The digital content business shifted from a segment loss in the same quarter of the previous year to segment profit in the first quarter under review.
  2. FY2026Existing titles remained solid, but underperforming new releases resulted in a segment lossAnnual report

    「In the online business, existing titles including Dolphin Wave performed steadily, while profitability improved through initiatives such as diversifying payment methods and improving operating efficiency. However, as sales of Browser Sangokushi Ten fell below plan, the full balance of game assets was written off in light of their future recoverability. As a result, revenue from this business was ¥20,489 million, up 58.9% from the previous fiscal year, while the segment recorded a loss of ¥58 million, compared with segment profit of ¥937 million in the previous fiscal year.」

    Although existing online titles and operating-efficiency improvements boosted profitability, the digital content business recorded a segment loss due to the poor performance of new releases and asset write-offs.
  3. FY2026-H1Steady performance from existing online titlesAnnual report

    「In the online segment, existing titles performed steadily, including 『ドルフィンウェーブ』, where collaboration events performed well, 『ビックリマン・ワンダーコレクション』, which held a first-anniversary event, and 『ブラウザ三国志』 and 『剣と魔法のログレス いにしえの女神』.」

    It was stated that existing online titles performed steadily, including through event initiatives.
  4. FY2025-H1Revenue and earnings declineAnnual report

    「However, development costs were incurred ahead of revenue because no major title was released, resulting in lower revenue and profit year on year. As a result, revenue from this business was ¥6,246 million, down 22.1% year on year, while segment profit was ¥104 million, down 33.3%.」

    The digital content business reported lower revenue and profit because no major title was released and development costs were incurred ahead of revenue.
  5. FY2024-Q3Higher revenue, operating lossAnnual report

    「As a result, revenue from this business was ¥12,137 million, up 18.2% year on year, while the segment recorded a loss of ¥300 million, compared with segment profit of ¥1,635 million in the same period of the previous year.」

    The digital content business reported higher revenue, but shifted from segment profit in the same period of the previous year to a segment loss.
  6. FY2024-Q2Revenue growth and a sharp profit declineAnnual report

    「As a result, revenue from this business was ¥8,015 million, up 32.7% year on year, while segment profit was ¥156 million, down 73.8%.」

    The digital content business reported higher revenue, while segment profit declined 73.8% due to increased development costs and the poor performance of LOOP8.
  7. FY2024-Q1Revenue growth and profit declineAnnual report

    「As a result, revenue from this business was ¥4,133 million, up 36.4% year on year, while segment profit was ¥114 million, down 54.5%.」

    The digital content business reported higher revenue year on year, while segment profit declined 54.5%.
  8. FY2023Lower revenue and sharp profit declinesAnnual report

    「As a result, revenue from this business was ¥14,138 million, down 8.3% from the previous fiscal year, while segment profit was ¥779 million, down 80.1%.」

    The digital content business reported lower revenue, while segment profit also declined significantly.
  9. FY2023-Q3Lower sales and continued sharp decline in profitsAnnual report

    「As a result, revenue from this business was ¥10,266 million, down 9.4% year on year, while segment profit was ¥1,635 million, down 53.1%.」

    The digital content business reported lower revenue year on year, while segment profit also fell significantly, declining 53.1%.
  10. FY2023-Q2Lower revenue and sharp profit declinesAnnual report

    「As a result, revenue from this business was ¥6,038 million, down 25.7% year on year, while segment profit was ¥598 million, down 77.0%.」

    The digital content business reported lower revenue year on year, while segment profit also fell significantly, declining 77.0%.
  11. FY2023-Q1Revenue and earnings declineAnnual report

    「As a result, revenue from this business was ¥3,030 million, down 32.6% year on year, while segment profit was ¥252 million, down 82.5%.」

    The digital content business reported year-on-year declines in both revenue and segment profit.
  12. FY2022-Q3Revenue and earnings declineAnnual report

    「As a result, revenue from this business was ¥4,571 million, down 21.0% year on year, while segment profit was ¥764 million, down 42.6%.」

    The online business reported lower revenue and segment profit year on year, primarily due to declining sales of long-running titles and other factors.
  13. FY2022-Q2Revenue and earnings declineAnnual report

    「As a result, revenue from this business was ¥2,955 million, down 26.1% year on year, while segment profit was ¥603 million, down 38.2%.」

    The online business reported lower revenue and segment profit year on year, primarily due to declining sales of long-running titles.
  14. FY2022-Q1Revenue and earnings declineAnnual report

    「As a result, revenue from this business was ¥1,448 million, down 30.0% year on year, while segment profit was ¥241 million, down 58.6%.」

    The online business reported lower revenue and profit year on year, reflecting the decline in sales of long-running titles and intensifying competition.
  15. FY2021Lower sales, substantially higher profitsAnnual report

    「As a result, revenue from this business was ¥7,497 million, down 7.5% from the previous fiscal year, while segment profit was ¥1,359 million, up 399.7%.」

    The online business reported lower revenue, while segment profit increased significantly due to measures including the elimination of unprofitable titles.
  16. FY2021-Q3Lower sales, substantially higher profitsAnnual report

    「As a result, revenue from this business was ¥5,788 million, down 3.1% year on year, while segment profit was ¥1,331 million, compared with segment profit of ¥120 million in the same period of the previous year.」

    Although revenue in the online business declined, segment profit increased substantially from ¥120 million in the same period of the previous year to ¥1,331 million. The elimination of unprofitable titles and other measures contributed to the improvement in the profit margin.
  17. FY2021-Q2Higher Revenue and Substantial Profit GrowthAnnual report

    「As a result, revenue from this business was ¥3,998 million, up 12.5% year on year, and segment profit was ¥975 million, up 94.8%.」

    Revenue in the online business increased year on year, while segment profit rose substantially, up 94.8%.
  18. FY2021-Q1Higher Revenue and Substantial Profit GrowthAnnual report

    「As a result, revenue from this business was ¥2,068 million, up 24.7% year on year, and segment profit was ¥582 million, up 77.4%.」

    Against a backdrop of strong performance by new and existing titles, the online business recorded year-on-year increases in both revenue and segment profit, with profit rising substantially.
  19. FY2020Lower revenue and sharp profit declinesAnnual report

    「As a result, revenue from this business was ¥8,102 million, down 16.5% from the previous fiscal year, and segment profit was ¥272 million, down 78.0%.」

    Revenue in the online business declined, while segment profit fell substantially, down 78.0% from the previous fiscal year.
  20. FY2020-Q3Revenue and earnings decline continuedAnnual report

    「As a result, revenue from this business was ¥5,975 million, down 13.5% year on year, and segment profit was ¥120 million, down 86.3%.」

    The online business posted year-on-year declines in both revenue and profit, and the decline in segment profit widened.
  21. FY2020-Q2Declining revenue and higher profitAnnual report

    「As a result, revenue from this business was ¥3,553 million, down 20.7% year on year, while segment profit was ¥500 million, up 37.2%.」

    Although revenue in the online business declined year on year, segment profit increased against a backdrop of structural reforms and the elimination of unprofitable titles.
  22. FY2020-Q1Lower sales, substantially higher profitsAnnual report

    「As a result, revenue from this business was ¥1,658 million, down 28.0% year on year, while segment profit was ¥328 million, up 993.4%.」

    Although revenue in the online business declined year on year, segment profit increased substantially due to structural reforms and the elimination of unprofitable titles.
  23. FY2019-Q3Revenue and earnings decline continuedAnnual report

    「As a result, revenue from this business was ¥6,908 million, down 5.3% year on year, and segment profit was ¥877 million, down 2.8%.」

    Revenue and segment profit in the online business continued to decline year on year.
  24. FY2019-Q2Revenue and earnings decline continuedAnnual report

    「As a result, revenue from this business was ¥4,478 million, down 2.1% year on year, and segment profit was ¥364 million, down 17.3%.」

    Revenue and segment profit in the online business continued to decline year on year, but the decline in profit narrowed from the 90.4% year-on-year decrease in segment profit in the previous quarter.
  25. FY2019-Q1Lower sales and continued sharp decline in profitsAnnual report

    「As a result, revenue from this business was ¥2,302 million, down 1.2% year on year, and segment profit was ¥29 million, down 90.4%.」

    Revenue in the online business declined year on year, while segment profit fell substantially.
  26. FY2018-Q3Revenue and earnings decline continuedAnnual report

    「As a result, revenue from this business was ¥7,298 million, down 36.3% year on year, and segment profit was ¥902 million, down 63.7%.」

    Revenue and segment profit in the online business both declined year on year, with the declines continuing.
  27. FY2018-Q2Revenue and earnings decline continuedAnnual report

    「As a result, revenue from this business was ¥4,573 million, down 36.9% year on year, and segment profit was ¥441 million, down 53.9%.」

    Revenue and segment profit in the online business both declined year on year.
  28. FY2018-Q1Quarterly declines in revenue and profitAnnual report

    「As a result, revenue from this business was ¥2,330 million, down 37.3% year on year, and segment profit was ¥313 million, down 45.7%.」

    Revenue and segment profit in the online business both declined year on year.
  29. FY2017First statedAnnual report

    「As a result, revenue from this business was ¥14,750 million, down 25.3% from the previous fiscal year, and segment profit was ¥3,271 million, down 21.8%.」

    For the full year, the online business recorded declines in both revenue and segment profit from the previous fiscal year.
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Marvelous's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Earnings of 2026-07-31: "Mitigated".
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Decline in Revenue and Profit in the Online Business | Marvelous Inc. (7844) | Komori