Nippon Ichi Software Q1 2019 Earnings Results

Nippon Ichi Software’s financial results for the first quarter of the fiscal year ending March 31, 2019, reflect a period of contraction in both revenue and profit compared to the same period in the previous year. The company reported net sales of 1.08 billion yen, representing a 19.0% decrease year-over-year. Operating profit fell by 29.8% to 143 million yen, while ordinary profit and net profit attributable to owners of the parent declined by 21.2% and 27.7%, respectively. Despite these results, the company maintained its full-year earnings forecast, citing the inherent uncertainty of future product sales performance.

During this period, the company focused on its core strategy of strengthening product and technical capabilities, expanding overseas, and enhancing group synergies. The release schedule included two packaged titles, "Liar Princess and the Blind Prince" and the Nintendo Switch version of "Ys VIII: Lacrimosa of DANA." Additionally, the company continued its efforts in porting past titles to the Nintendo Switch platform and managing its card game shop, "Prinny Club."

The financial position as of June 30, 2018, showed total assets of 4.88 billion yen, an increase of 335 million yen from the end of the previous fiscal year, driven largely by growth in accounts receivable and inventory. Liabilities also rose to 1.77 billion yen, primarily due to increases in advances and deposits received. Net assets reached 3.11 billion yen, supported by an increase in retained earnings. The company operates as a single business segment, and the reported figures were prepared without the application of quarterly reviews by independent auditors.