Kadokawa Dwango Corporation FY2015 Consolidated Financial Results

The Kadokawa Dwango Corporation FY2015 consolidated financial results cover the six-month period from October 1, 2014, to March 31, 2015. This reporting period reflects the company’s consolidated performance following its integration, with a primary focus on establishing a baseline for its diverse business segments, which include Books and Information, Video and IP, Portal, Live, Mobile, and Game divisions.

For the fiscal year ending March 31, 2015, the corporation reported net sales of 100,566 million yen and an operating income of 1,391 million yen. Net income for the period reached 14,055 million yen, significantly bolstered by a 22,301 million yen gain on bargain purchase, which offset substantial extraordinary losses, including 5,798 million yen in impairment losses and 5,118 million yen in business structure improvement expenses. The company maintained a solid financial position with total assets of 205,673 million yen and an equity ratio of 50.2 percent. Cash and cash equivalents at the end of the period stood at 59,201 million yen, supported by 7,765 million yen in cash provided by operating activities and 24,385 million yen from financing activities.

Segment performance varied, with the Books and Information segment leading in sales at 37,544 million yen and generating 3,038 million yen in segment income. Conversely, the Video and IP segment and the Game segment reported losses of 1,164 million yen and 1,015 million yen, respectively. Looking ahead to FY2016, the company projects net sales of 200,500 million yen, with anticipated operating and ordinary incomes of 7,000 million yen and 6,800 million yen, respectively. These results were prepared in accordance with Japanese GAAP and remain subject to final audit procedures.