FY2027-Q1 generated nearly half of the full-year plan, but the focus is whether this can be replicated in the first half

FY2027-Q1 consolidated revenue was ¥70.410 billion, operating profit was ¥41.054 billion, ordinary profit was ¥41.452 billion, and net profit attributable to owners of the parent was ¥29.159 billion. Year on year, revenue increased 54.7%, operating profit 66.9%, ordinary profit 81.1%, and net profit 69.2%, meaning profit growth outpaced revenue growth rather than this being simply a case of higher sales.

The full-year forecasts are revenue of ¥210.0 billion, operating profit of ¥83.0 billion, ordinary profit of ¥83.0 billion, and net profit of ¥58.0 billion. As of the first quarter, progress stood at 33.5% for revenue, 49.5% for operating profit, 49.9% for ordinary profit, and 50.3% for net profit, with the profit measures reaching almost half of their full-year plans. Assuming an even first-half/second-half split, ¥105.0 billion in revenue and ¥41.5 billion in operating profit would serve as key first-half checkpoints. After deducting first-quarter results, the second quarter alone would need to generate ¥34.590 billion in revenue and ¥446 million in operating profit.

Quarterly performance in the games industry can fluctuate significantly depending on the timing of major title launches and the year-end sales season. The company has set 10% annual operating profit growth as its medium-term target, but it is too early to judge full-year achievement based solely on the high profit progress in the first half. Next time, it will be necessary to assess not only whether the full-year forecasts are revised, but also the standalone second-quarter profit level, the sales outlook for titles scheduled for the second half, and the extent of recovery in amusement equipment.