Bushiroad Summary of Consolidated Financial Results for the Third Quarter of the Fiscal Year 2022

Key insights

6 takeaways

01
Bushiroad reported net sales of 29.02 billion yen and a net profit of 2.03 billion yen for the third quarter of fiscal year 2022, marking a recovery from the previous year's net loss.See it on page 1
02
The company upwardly revised its full-term fiscal 2022 forecast to 40 billion yen in net sales and 2.5 billion yen in operating profit.See it on page 7
03
Growth was driven by the Digital IP segment’s strong trading card game sales, specifically the launch of Shadowverse EVOLVE, and record-high results in the Live IP sports division.See it on page 4
04
Earnings per share reached 63.70 yen, reflecting a significant turnaround in profitability compared to the prior year.See it on page 16
05
International demand for trading card products and favorable foreign exchange gains helped offset a 149 million yen goodwill impairment loss in the Digital IP segment.See it on page 15
06
Financial performance remained resilient despite the adoption of new revenue recognition standards and localized sales declines in certain IP-related areas.See it on page 14

Summary

Bushiroad achieved a robust financial performance during the third quarter of the 2022 fiscal year, reporting net sales of 29.02 billion yen and a net profit attributable to owners of the parent of 2.03 billion yen. This recovery marks a significant turnaround from the previous year, shifting from a net loss to a profit of 63.70 yen per share. The company’s growth trajectory is primarily anchored by its Digital IP segment, which benefited from strong trading card game sales and the successful launch of Shadowverse EVOLVE, alongside record-high results within its Live IP sports division.

The company’s financial health remains resilient despite broader economic uncertainties and the lingering impacts of the global pandemic. While the adoption of new revenue recognition standards necessitated adjustments that impacted reported figures, the underlying business momentum remains strong. International demand for trading card products and favorable foreign exchange gains have provided additional support to the bottom line, helping to offset specific challenges such as a 149 million yen goodwill impairment loss within the Digital IP segment and localized sales declines in other IP-related areas.

Reflecting this sustained momentum, the company has upwardly revised its full-term performance forecasts, now projecting 40 billion yen in net sales and an operating profit of 2.5 billion yen for the 2022 fiscal year. By maintaining a focus on core IP strengths and expanding its reach in the global trading card market, the organization has successfully navigated a complex operating environment to stabilize its profitability and secure a positive outlook for the remainder of the fiscal period.