Aiming Q3 2024 Financial Results

Aiming’s financial results for the third quarter of 2024 reflect a challenging period characterized by declining revenues and increased operating losses within the competitive Japanese smartphone online game market. For the nine-month period ending September 30, 2024, the company reported net sales of 11.77 billion yen, representing a 14.8% decrease compared to the same period in the previous year. The company recorded an operating loss of 1.30 billion yen and a net loss attributable to owners of the parent of 971 million yen.

The company attributes these results to the intensifying competitive landscape in the domestic market, where high-quality titles and prominent intellectual property (IP) demand longer development cycles and higher investment costs. While established titles such as Dragon Quest Tact and The Eminence in Shadow: Master of Garden continued to contribute to revenue through seasonal campaigns and character additions, the overall performance was impacted by the natural aging of older titles. To address these market pressures, the company is focusing on securing new IP and establishing collaborative business schemes to enhance user appeal.

Financially, the company maintains a solid equity ratio of 67.6%, bolstered by a third-party allotment of shares to COLOPL, Inc. in March 2024, which increased capital and capital surplus by approximately 827 million yen each. Despite the current losses, the company continues to invest in future growth, reporting 2.19 billion yen in research and development activities for the period. Looking ahead, the company has adjusted its full-year forecast, anticipating a total annual revenue of 17.5 billion yen and an operating loss of 246 million yen, as it continues to roll out new titles like 2.5 Dimensional Seduction: Angels' Stage and Galaxy Legend: Die Neue Saga.