Aiming Quarterly Report: Q3 2018

Key insights

5 takeaways

01
Aiming Inc. reported a net loss of 1,158 million yen and an operating loss of 1,120 million yen for the first nine months of 2018, though this represents an improvement from the 1,951 million yen net loss and 1,926 million yen operating loss in the same period of 2017.See it on page 2
02
Net sales increased by 10.6% to 5,519 million yen for the nine months ending September 30, 2018, driven by "Caravan Stories" expanding into Taiwan, Hong Kong, and Macau, and ongoing maintenance of "Sword and Magic Logres."See it on page 4
03
The narrowing of losses was primarily due to reduced personnel and outsourcing costs related to joint development projects.See it on page 5
04
Total assets decreased to 5,292 million yen from 6,969 million yen at the end of the previous fiscal year, mainly due to a reduction in cash and deposits, and the equity ratio declined to 36.8%.See it on page 5
05
Aiming, an online game company focused on smartphone titles, is preparing new releases like "Gestalt Odin" amidst a competitive domestic market with strong IP titles and aggressive marketing.See it on page 4

Summary

Aiming Inc. released its financial results for the third quarter of 2018, covering the period from January 1 to September 30, 2018. The company operates exclusively within the online game industry, focusing on the development and service of smartphone-based titles. The report outlines a period of continued financial loss, though the company demonstrated a narrowing of its deficit compared to the same period in the previous fiscal year.

For the nine-month period ending September 30, 2018, the company reported net sales of 5,519 million yen, representing a 10.6% increase over the previous year. This growth was driven by the performance of titles such as "Caravan Stories," which expanded into the Taiwan, Hong Kong, and Macau markets, and the ongoing maintenance of "Sword and Magic Logres: Ancient Goddesses." Despite the increase in revenue, the company recorded an operating loss of 1,120 million yen and a net loss attributable to owners of the parent of 1,158 million yen. These figures reflect an improvement from the 1,926 million yen operating loss and 1,951 million yen net loss reported in the same period of 2017, largely due to reduced personnel and outsourcing costs associated with joint development projects.

The company’s financial position saw a decrease in total assets to 5,292 million yen, down from 6,969 million yen at the end of the previous fiscal year, primarily due to a reduction in cash and deposits. The equity ratio also declined to 36.8%. Aiming continues to focus on expanding its service titles and preparing new releases, such as the collaborative project "Gestalt Odin," while navigating an increasingly competitive domestic market characterized by high-profile intellectual property titles and aggressive marketing strategies from both domestic and international competitors.