Akatsuki FY3/21 Financial Results

Akatsuki is transitioning from a traditional mobile game developer into a comprehensive mixed-media rights company. This strategic pivot aims to balance the immediate revenue generated by core gaming titles with the long-term development of original intellectual property. By leveraging internal operational expertise and advanced 3D technology, the company seeks to cultivate a sustainable pipeline of global multimedia projects while simultaneously maximizing the lifetime value of its existing game portfolio.

Financial performance for the fiscal year ending March 2021 remained stable, with total sales reaching ¥31 billion and operating profit growing by 2.2 percent. This growth was primarily anchored by the sustained success of established titles such as Dragon Ball Z Dokkan Battle. While the fourth quarter saw a 6 percent increase in quarterly sales, operating profit experienced a 10.1 percent decline, largely attributed to deliberate investments in personnel and advertising to support future expansion. Moving forward, the company plans to refine its portfolio through a strategy of selection and concentration, including the release of a new third-party IP title in the latter half of the upcoming fiscal year.

To bolster capital efficiency and demonstrate commitment to shareholder value, the company maintains a dividend policy based on a 3 percent dividend on equity and has authorized a share buyback program of up to ¥2 billion. The organization remains focused on scaling its IP solutions business, which encompasses app development and e-commerce initiatives, alongside its core mobile gaming operations. By maintaining stable staffing levels and prioritizing long-term growth over short-term volatility, the company is positioning itself to capitalize on broader entertainment market opportunities beyond the mobile gaming sector.