Aiming Q3 2018 Financial Results

Key insights

6 takeaways

01
Aiming reported a net loss of 1.158 billion yen for the nine-month period ending September 30, 2018, marking an improvement over the 1.951 billion yen loss recorded in the same period of 2017.See it on page 1
02
Net sales for the first nine months of 2018 reached 5.519 billion yen, reflecting a 10.6% increase compared to the prior year.See it on page 7
03
The company recorded an operating loss of 1.120 billion yen for the nine-month period ending September 30, 2018.See it on page 7
04
Full-year projections for 2018 estimate net sales of 7.788 billion yen and a net loss of 1.095 billion yen.See it on page 7
05
As of September 30, 2018, the company held total assets of 5.292 billion yen with an equity ratio of 36.8%.See it on page 6
06
Financial reporting for this period incorporated a change in accounting policy regarding the treatment of employee stock options.See it on page 9

Summary

The financial results for Aiming for the third quarter of the fiscal year ending December 31, 2018, reflect a period of continued operational losses, though the company demonstrated a narrowing of its deficit compared to the previous year. The primary purpose of this disclosure is to provide stakeholders with an update on the company’s consolidated financial performance, fiscal position, and full-year outlook for the Japanese market.

For the nine-month period ending September 30, 2018, the company reported net sales of 5.519 billion yen, representing a 10.6% increase over the same period in the prior year. Despite this growth in revenue, the company recorded an operating loss of 1.120 billion yen and a net loss attributable to owners of the parent of 1.158 billion yen. While these figures indicate a persistent struggle with profitability, they represent an improvement over the 1.951 billion yen net loss reported during the corresponding period in 2017. As of September 30, 2018, total assets stood at 5.292 billion yen, with an equity ratio of 36.8%.

The company operates within a single business segment focused on the online game industry. The financial statements were prepared in accordance with Japanese accounting standards, incorporating a recent change in accounting policy regarding the treatment of stock options granted to employees. Looking ahead, the company maintains a full-year forecast projecting net sales of 7.788 billion yen and a net loss of 1.095 billion yen. These projections are based on information available at the time of reporting and remain subject to change due to various market factors.