Aiming Annual Securities Report: 10th Fiscal Year

Key insights

6 takeaways

01
Aiming Inc. achieved a significant financial turnaround in its 10th fiscal year (ending December 2020), moving from a net loss to a net profit of approximately 1.69 billion yen.See it on page 1
02
Annual sales doubled to approximately 11.9 billion yen, driven primarily by the performance of mobile titles including Dragon Quest Tact, Caravan Stories, and Sword of Fantasy.See it on page 17
03
The company successfully resolved its status as a going concern, ending the fiscal year with 4.5 billion yen in cash and cash equivalents.See it on page 19
04
Operating profit for the fiscal year reached approximately 1.67 billion yen, supported by structural reforms and capital management strategies to address accumulated losses.See it on page 47
05
To mitigate risks associated with high dependency on mobile platforms like Apple and Google, the company enhanced corporate governance by appointing independent outside directors and auditors.See it on page 32
06
Future strategic objectives focus on sustaining profitability through the consistent release of high-margin titles and expansion into global markets.See it on page 20

Summary

Aiming Inc. successfully transitioned from a period of financial instability to profitability during its 10th fiscal year, ending in December 2020. The company’s primary focus remains the development and operation of smartphone-based massively multiplayer online role-playing games, with notable titles such as Dragon Quest Tact, Caravan Stories, and Sword of Fantasy driving significant revenue growth. By the end of the fiscal year, the company effectively resolved concerns regarding its status as a going concern, bolstered by a robust turnaround in operational performance and a strengthened balance sheet.

Financial results for the 10th fiscal year demonstrate a substantial recovery, with annual sales doubling to approximately 11.9 billion yen and operating profit reaching roughly 1.67 billion yen. This shift from a net loss in the previous period to a net profit of approximately 1.69 billion yen significantly improved cash flow, resulting in year-end cash and cash equivalents of nearly 4.5 billion yen. To further solidify its financial foundation, the company implemented structural reforms and pursued capital management strategies, including the disposal of surplus funds to address accumulated losses.

The company operates within a single business segment focused on the online gaming market, characterized by high dependency on major mobile platforms like Apple and Google. To mitigate risks associated with market competition, system failures, and regulatory changes, Aiming has enhanced its corporate governance by appointing independent outside directors and auditors. Furthermore, the company has integrated performance-linked compensation structures and rigorous internal control systems to ensure long-term stability. Moving forward, the strategic objective is to sustain growth through the consistent delivery of high-profit titles and the pursuit of global market expansion.