Marvelous Consolidated Financial Results: Fiscal Year Ended March 31, 2015

Key insights

6 takeaways

01
Marvelous Inc. achieved significant fiscal growth for the year ended March 31, 2015, with net sales rising 30.1% to 26,441 million yen and operating income increasing 46.8% to 4,412 million yen.See it on page 1
02
The Online Game Business was the primary growth driver, reporting a 73.2% increase in net sales and a 413.7% surge in operating income due to strong browser and native app game performance.See it on page 3
03
The Consumer Game Business underperformed, with net sales falling 16.4% and operating income dropping 77.9% following missed sales targets and the termination of a major development project.See it on page 3
04
The Audio & Visual Business provided stable growth, contributing a 22.9% increase in net sales and an 18.3% increase in operating income, largely supported by successful stage productions.See it on page 4
05
The company maintains a strong financial foundation with total assets of 22,039 million yen, an equity ratio of 61.0%, and 4,031 million yen in cash flows from operating activities.See it on page 1
06
Management projects continued expansion for the fiscal year ending March 31, 2016, targeting 35,000 million yen in net sales and 4,100 million yen in net income.See it on page 4

Summary

Marvelous Inc. reported strong consolidated financial results for the fiscal year ended March 31, 2015, characterized by significant growth in net sales and operating income. The company achieved net sales of 26,441 million yen, representing a 30.1% year-over-year increase, while operating income rose by 46.8% to 4,412 million yen. Net income for the period reached 2,178 million yen, a 15.7% increase compared to the previous fiscal year. These results reflect the company’s "multi-content, multi-use, and multi-device" strategy, which aims to leverage intellectual property across diverse entertainment sectors.

The Online Game Business served as the primary growth engine, with segment net sales totaling 15,379 million yen, a 73.2% increase, and operating income surging by 413.7%. This performance was driven by the success of existing browser titles and the expansion of native app games. Conversely, the Consumer Game Business faced challenges, recording a 16.4% decline in net sales and a 77.9% drop in operating income due to missed sales targets and the termination of a major development project. The Audio & Visual Business provided a stable contribution, with net sales and operating income growing by 22.9% and 18.3%, respectively, bolstered by successful stage productions.

The company maintains a solid financial position with total assets of 22,039 million yen and an equity ratio of 61.0%. Cash flows from operating activities remained robust at 4,031 million yen. Looking ahead to the fiscal year ending March 31, 2016, the company projects continued growth, forecasting net sales of 35,000 million yen and net income of 4,100 million yen. Management remains committed to a profit distribution policy that balances stable shareholder dividends with the retention of earnings necessary for future business expansion and service enhancement.