Aiming Q2 2023 Financial Results: Notice Regarding Differences Between Earnings Forecast and Actual Results

Aiming’s financial disclosure for the second quarter of the 2023 fiscal year details the variance between previously forecasted earnings and actual consolidated results for the period spanning January 1, 2023, to June 30, 2023. The primary objective of this report is to reconcile the discrepancies in revenue and profit metrics following the strategic adjustment of release schedules and shifts in operational expenditures.

While consolidated net sales reached 9,027 million yen, slightly exceeding the forecast of 8,963 million yen by 0.7%, profitability metrics fell short of expectations. Operating profit settled at 419 million yen, a 23.3% decline against the forecast, while ordinary profit reached 508 million yen, representing a 16.6% shortfall. Most significantly, the quarterly net loss attributable to owners of the parent company was 160 million yen, a substantial deviation from the projected profit of 79 million yen.

The variance is attributed to a complex interplay of revenue performance and increased costs. Although existing titles generally underperformed, the mobile game title "The Eminence in Shadow: Master of Garden" demonstrated strong performance, prompting an additional 50 million yen investment in advertising. Furthermore, the company incurred higher development costs and experienced an increase in non-controlling interest losses of approximately 120 million yen due to profit distributions within the production committee structure. These factors collectively offset the revenue gains, resulting in lower-than-anticipated bottom-line figures compared to the projections issued in May 2023.