Akatsuki Inc. reported a net sales decrease of 1.3% to ¥23,652 million for FY2024, but saw significant increases in profitability: operating profit rose 46.3% to ¥3,915 million, ordinary profit increased 49.4% to ¥4,233 million, and profit attributable to owners of parent grew 27.8% to ¥1,646 million.
02
The Games business, driven by the strong performance of "Dragon Ball Z Dokkan Battle" and new title development, remains a core focus. The IP Solutions business, including the Slash Gift lottery service, saw substantial growth with net sales up 75.7% to ¥1,278 million and a segment profit of ¥178 million, a turnaround from a ¥135 million loss in the prior year.
03
Total assets increased by ¥2,589 million to ¥54,632 million, primarily due to a ¥4,916 million increase in deposits paid and a ¥922 million increase in investments and other assets, despite a ¥2,587 million decrease in cash and deposits.
04
Total liabilities increased by ¥1,354 million to ¥13,177 million, mainly due to a ¥2,426 million increase in income taxes payable and a ¥505 million increase in contract liabilities, partially offset by a ¥1,000 million decrease in bonds payable.
05
The company revised its dividend forecast, setting the year-end dividend for FY2024 at ¥55 per share and the mid-term dividend for FY2025 at ¥55 per share.
06
The Japanese comics industry grew 1.5% year-on-year to ¥704.3 billion in 2024, with the electronic comic market growing 6.0% to ¥512.2 billion, indicating a favorable environment for Akatsuki's Comics business.
07
Global gaming industry revenues are projected to increase by 2.1% to $187.7 billion in 2024, with mobile gaming growing 3.0% to $92.6 billion, and overall industry revenues expected to reach $213.3 billion by 2027.
Insights
01
Akatsuki Inc. reported a net sales decrease of 1.3% to ¥23,652 million for FY2024, but saw significant increases in profitability: operating profit rose 46.3% to ¥3,915 million, ordinary profit increased 49.4% to ¥4,233 million, and profit attributable to owners of parent grew 27.8% to ¥1,646 million.
02
The Games business, driven by the strong performance of "Dragon Ball Z Dokkan Battle" and new title development, remains a core focus. The IP Solutions business, including the Slash Gift lottery service, saw substantial growth with net sales up 75.7% to ¥1,278 million and a segment profit of ¥178 million, a turnaround from a ¥135 million loss in the prior year.
03
Total assets increased by ¥2,589 million to ¥54,632 million, primarily due to a ¥4,916 million increase in deposits paid and a ¥922 million increase in investments and other assets, despite a ¥2,587 million decrease in cash and deposits.
04
Total liabilities increased by ¥1,354 million to ¥13,177 million, mainly due to a ¥2,426 million increase in income taxes payable and a ¥505 million increase in contract liabilities, partially offset by a ¥1,000 million decrease in bonds payable.
05
The company revised its dividend forecast, setting the year-end dividend for FY2024 at ¥55 per share and the mid-term dividend for FY2025 at ¥55 per share.
06
The Japanese comics industry grew 1.5% year-on-year to ¥704.3 billion in 2024, with the electronic comic market growing 6.0% to ¥512.2 billion, indicating a favorable environment for Akatsuki's Comics business.
07
Global gaming industry revenues are projected to increase by 2.1% to $187.7 billion in 2024, with mobile gaming growing 3.0% to $92.6 billion, and overall industry revenues expected to reach $213.3 billion by 2027.