Updated Mar 17, 2026 by KLab
Consolidated revenue dropped 36.5% year-over-year to ¥10.7 billion, resulting in an operating loss of ¥1.1 billion and a net loss of ¥1.73 billion.
The company recorded a net loss per share of 42.74 yen, impacted by an extraordinary impairment loss of ¥841 million on software assets.
Cash and equivalents declined by ¥3.8 billion to ¥2.21 billion, driven by negative operating cash flow and ¥2.82 billion in intangible asset investments.
Development spending is heavily concentrated on upcoming projects, with 'software in progress' rising to ¥5.8 billion, specifically for EA SPORTS FC™ TACTICAL.
The company declined to provide a 2024 financial forecast, citing market volatility and uncertainty regarding the performance of its major development pipeline.
The casual gaming subsidiary GlobalGear provided a stable revenue stream, helping the company maintain a 64.5% equity ratio despite core business contraction.
Strategic restructuring included elevating the blockchain business to a reportable segment and the subsequent divestment of the subsidiary BLOCKSMITH&Co.
Consolidated revenue dropped 36.5% year-over-year to ¥10.7 billion, resulting in an operating loss of ¥1.1 billion and a net loss of ¥1.73 billion.
The company recorded a net loss per share of 42.74 yen, impacted by an extraordinary impairment loss of ¥841 million on software assets.
Cash and equivalents declined by ¥3.8 billion to ¥2.21 billion, driven by negative operating cash flow and ¥2.82 billion in intangible asset investments.
Development spending is heavily concentrated on upcoming projects, with 'software in progress' rising to ¥5.8 billion, specifically for EA SPORTS FC™ TACTICAL.
The company declined to provide a 2024 financial forecast, citing market volatility and uncertainty regarding the performance of its major development pipeline.
The casual gaming subsidiary GlobalGear provided a stable revenue stream, helping the company maintain a 64.5% equity ratio despite core business contraction.
Strategic restructuring included elevating the blockchain business to a reportable segment and the subsequent divestment of the subsidiary BLOCKSMITH&Co.