FinancialGungHo Online Entertainment
Financial Results Briefing Session of Fiscal Year Ended December 31, 2025 [17,284KB]
24 pages~9 min full read
GungHo’s overseas net-sales ratio reached 64.1% in FY 2025, marking a significant increase from 47.7% in 2019 as the company shifts focus toward global markets.
See it on page 6Consolidated net sales declined 1.3% year-over-year to ¥125.3 billion, primarily due to underperforming mobile titles and decreased revenue from the 'Ragnarok' series under subsidiary Gravity.
See it on page 23Operating profit fell 9.3% year-over-year to ¥276 million, impacted by higher SG&A expenses from increased advertising and personnel costs following the full acquisition of Alim in December 2024.
See it on page 21The company launched nine global titles in 2025, including 'Let It Die: Inferno' on PlayStation 5, Steam, and Nintendo Switch, as part of a strategy to expand into over 150 countries.
See it on page 11Growth efforts for the 'Puzzle & Dragons' franchise included cross-platform events and celebrations for its 5,000-day anniversary to counteract declining mobile sales trends.
See it on page 17GungHo Online Entertainment’s FY 2025 financial briefing outlines a strategic pivot from Japan‑centric mobile development toward global expansion, emphasizing action titles on consoles and PCs. The company reports a 64.1 % overseas net‑sales ratio in FY 2025, up from 47.7 % in 2019 and 56.2 % in 2020, reflecting intensified sales in North America and Europe through new releases such as “Let It Die: Inferno” on PlayStation 5, Steam, and Nintendo Switch. The launch of nine global titles in 2025, including the “Ragnarok” series and “Puzzle & Dragons,” is highlighted as a key growth driver, with the latter celebrating its 5 000‑day anniversary and hosting cross‑platform events to boost user activity.
Financially, consolidated net sales fell by 1.3 % YoY to ¥125.3 billion, driven mainly by declines in mobile titles and “Ragnarok”‑related revenue under subsidiary Gravity. Operating profit contracted by 9.3 % YoY to ¥276 million, as SG&A expenses rose due to increased advertising spend and personnel costs following the full acquisition of Alim in December 2024. Non‑consolidated results remained flat, but mobile sales slipped and Gravity’s “Ragnarok” titles underperformed, contributing to the consolidated loss.
The briefing covers a global geographic scope—North America, Europe, Latin America, and Asia—with a 2025 focus on launching titles in over 150 countries. Methodologically, data derive from consolidated financial statements and quarterly performance metrics, with a clear emphasis on aligning product development with international market demand.
