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Kadokawa Dwango Corporation
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Create free accountFinancial reportKadokawa Dwango Corporation
Distilling the key insights…
Kadokawa Dwango Corporation’s consolidated financial results for the first quarter of the fiscal year ending March 31, 2018, reflect a period of significant earnings contraction. For the three-month period ended June 30, 2017, the company reported net sales of 49.94 billion yen, representing a modest year-on-year increase of 1.9 percent. Despite this growth in top-line revenue, profitability declined sharply. Operating income fell by 71.1 percent to 790 million yen, and ordinary income dropped by 68.6 percent to 640 million yen compared to the same period in the previous year.
The company recorded a net loss attributable to owners of the parent of 23 million yen, a stark reversal from the 1.06 billion yen profit reported in the first quarter of 2016. Basic earnings per share for the period stood at negative 0.34 yen. The consolidated balance sheet as of June 30, 2017, shows total assets of 239.25 billion yen and net assets of 111.19 billion yen, with an equity ratio of 45.7 percent. Cash flows from operating activities were negative 3.11 billion yen, largely influenced by decreases in trade receivables and payments related to bonuses and trade payables.
Management maintains its full-year consolidated forecast for the fiscal year ending March 31, 2018, projecting net sales of 212 billion yen and a profit attributable to owners of the parent of 3.5 billion yen. These projections remain unchanged from previous announcements, and the company continues to anticipate a total annual cash dividend of 20 yen per share. The financial statements were prepared in accordance with Japan GAAP and were not subject to independent auditor review.
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