Aiming Fiscal Year 2019 Financial Results

Aiming’s fiscal year 2019 financial results reflect a period of significant operational restructuring and financial challenge within the Japanese online game market. The company reported a net loss of 1,201 million yen, an improvement over the 1,562 million yen loss recorded in the previous year. Annual revenue declined by 22.8% to 5,644 million yen, primarily due to the underperformance of legacy titles and the discontinuation of several projects. Despite these losses, the company successfully reduced its operating loss to 871 million yen through rigorous cost-control measures, including the implementation of an early retirement program, a reduction in headcount, and a significant decrease in advertising expenditures.

The company’s financial position remains under pressure, with cash and cash equivalents decreasing to 860 million yen from 2,907 million yen at the start of the year. To address liquidity concerns and stabilize its financial foundation, Aiming executed a third-party allotment of shares and initiated a strategic reorganization, including the transfer of its Osaka studio and the optimization of its Taiwan operations. Furthermore, the company has secured additional capital through the issuance of stock acquisition rights to support future development and operational costs.

Aiming operates exclusively within the online game segment, focusing on smartphone-based titles. While the company acknowledges that its history of operating losses creates uncertainty regarding its status as a going concern, management maintains that the implemented cost-reduction strategies, combined with new development efforts—such as the joint project for "Dragon Quest Tact"—provide a viable path toward profitability. Due to the high volatility of the online gaming industry, the company does not provide full-year earnings forecasts, opting instead to disclose quarterly performance outlooks to ensure transparency.