Aiming 2021 Financial Results

Aiming’s financial results for the fiscal year ending December 31, 2021, reflect a period of modest revenue growth coupled with a decline in profitability. The company, which operates primarily in the smartphone-based online game industry in Japan, reported annual revenue of 12,054 million yen, representing a 1.3% increase over the previous year. Despite this top-line growth, operating profit fell by 11.0% to 1,490 million yen, while net profit decreased by 30.9% to 1,170 million yen.

The decline in profitability is attributed to rising operational costs, specifically increased personnel expenses, outsourcing fees, and advertising expenditures associated with the development and promotion of new titles. While the company benefited from the full-year contribution of the co-developed title Dragon Quest Tact and stable performance from contract projects, the competitive landscape—characterized by longer development cycles and higher quality expectations—necessitated significant investment. During the period, the company launched the title Koi-suru Code Pairium and entered into a joint business agreement with LiTMUS to strengthen its intellectual property and marketing capabilities.

As of the end of 2021, the company maintained a solid financial position with total assets of 7,204 million yen and a capital adequacy ratio of 86.5%. Cash and cash equivalents increased to 5,493 million yen, supported by operating cash flows of 746 million yen. Given the high volatility inherent in the smartphone gaming market, the company does not provide full-year earnings forecasts, opting instead to disclose quarterly outlooks to ensure accuracy and transparency. The company continues to operate under Japanese accounting standards, with no immediate plans to transition to IFRS.