Aiming 2020 Fiscal Year Financial Results

Aiming’s 2020 fiscal year financial results demonstrate a significant turnaround, characterized by a return to profitability and substantial revenue growth. The company, which operates primarily in the smartphone online game sector, reported annual sales of 11,903 million yen, representing a 110.9% increase compared to the previous fiscal year. This growth was driven largely by the successful launch and performance of the joint-development title Dragon Quest Tact.

The company successfully transitioned from an operating loss of 871 million yen in 2019 to an operating profit of 1,673 million yen in 2020. Net income for the period reached 1,693 million yen, a sharp recovery from the 1,201 million yen net loss recorded in the prior year. This financial improvement was supported by strategic cost-management initiatives, including the optimization of the Taiwan studio’s workforce and the divestiture of the Osaka studio, which reduced personnel and facility maintenance expenses.

Financial stability was further bolstered by capital procurement activities, including the full exercise of the seventh series of stock acquisition rights, which provided approximately 2,118 million yen in funding. As of December 31, 2020, the company held 4,493 million yen in cash and cash equivalents. Given these results, the company has declared that the significant doubts regarding its status as a going concern, which existed through the second quarter of 2020, have been resolved.

Aiming maintains a cautious approach to future forecasting due to the high volatility of the online game market. Consequently, the company provides performance outlooks on a quarterly basis rather than issuing full-year guidance. Looking ahead, the company plans to utilize a portion of its capital to address accumulated deficits and optimize its capital structure, with a board-approved proposal to reduce capital reserves and surplus to eliminate remaining retained earnings deficits by March 31, 2021.