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Key Insights
Consolidated Financial Results for FY 2025: Supplementary Material
GungHo Online Entertainment~13 min full read
- 01
GungHo Online Entertainment reported a 71.1% decline in operating profit to 5,056 million yen and an 87.4% drop in net profit to 1,407 million yen for the fiscal year ending December 31, 2025.
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Consolidated net sales fell 10.0% year-on-year to 93,242 million yen, largely due to a slowdown in the flagship title Puzzle & Dragons caused by a reduction in high-profile character collaborations.
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The company recorded a quarterly operating loss of 811 million yen in Q4 2025, driven by increased labor costs from the full acquisition of Alim Co., Ltd. and higher bonus payments.
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Despite overall declines, subsidiary Gravity Co., Ltd. achieved revenue growth through successful regional releases of Ragnarok M: Classic and Ragnarok: Twilight in Southeast Asia, Taiwan, Hong Kong, and China.
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GungHo maintains a strong liquidity position with 130,474 million yen in cash and deposits, which the company intends to use to support long-term service titles and new global releases.
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The company expanded its multi-platform footprint in December 2025 with the global launch of LET IT DIE: INFERNO on PlayStation 5 and PC.
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