Aiming FY2022 Financial Results

Key insights

6 takeaways

01
Aiming reported consolidated net sales of 13,668 million yen and a net income of 601 million yen for the fiscal year ending December 31, 2022.See it on page 1
02
The company maintains a strong financial position with total assets of 8,600 million yen and an equity ratio of 78.3%.See it on page 6
03
Operating profit for the period was 400 million yen, with cash and cash equivalents totaling 5,253 million yen at year-end.See it on page 11
04
The 2022 results reflect a transition to consolidated reporting following the inclusion of 'The Eminence in Shadow: Master of Garden' production committee as a subsidiary.See it on page 2
05
Core revenue continues to rely on established titles including 'Dragon Quest Tact,' 'Logres of Swords and Sorcery,' and 'CARAVAN STORIES.'See it on page 4
06
Management has shifted to providing quarterly earnings forecasts instead of full-year projections due to market volatility and rising development costs in the smartphone gaming sector.See it on page 4

Summary

Aiming’s financial results for the fiscal year ending December 31, 2022, mark the company’s transition to consolidated financial reporting. The primary objective of this report is to disclose the group’s financial performance, fiscal position, and cash flow status following the inclusion of the "The Eminence in Shadow: Master of Garden" production committee as a consolidated subsidiary. The company operates exclusively within the online game industry, focusing on free-to-play smartphone titles.

For the 2022 fiscal year, the company reported consolidated net sales of 13,668 million yen, an operating profit of 400 million yen, and an ordinary profit of 315 million yen. Net income attributable to owners of the parent company reached 601 million yen. The company’s total assets stood at 8,600 million yen, with a strong equity ratio of 78.3%. Cash and cash equivalents at the end of the period were 5,253 million yen, reflecting a net decrease of 239 million yen compared to the previous period, largely driven by investments in receivables and contract assets.

The company’s strategy centers on maintaining active user bases for established titles like "Dragon Quest Tact," "Logres of Swords and Sorcery," and "CARAVAN STORIES," while simultaneously launching new projects such as "The Eminence in Shadow: Master of Garden" and "Prison Runaway PRO." Management notes that the domestic smartphone gaming market, while stable, faces intensified competition and rising development costs due to higher user expectations. Consequently, the company has adopted a policy of providing quarterly earnings forecasts rather than full-year projections, citing the high volatility and rapid changes inherent in the online gaming sector. The financial statements were prepared in accordance with Japanese accounting standards, including the adoption of new revenue recognition standards effective from the start of the 2022 fiscal year.