Marvelous Inc. Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

Marvelous Inc. reported its consolidated financial results for the fiscal year ending March 31, 2021, reflecting a period of significant growth in profitability despite the operational challenges posed by the COVID-19 pandemic. The company achieved net sales of 25,520 million yen, a modest 0.6% increase over the previous year. However, operating profit rose sharply by 80.2% to 4,414 million yen, and profit attributable to owners of the parent increased by 81.6% to 3,265 million yen. This performance was driven by a robust consumer game segment, which saw strong global sales for titles such as Sakuna: Of Rice and Ruin and the Story of Seasons series.

The company’s business segments experienced divergent outcomes due to the pandemic. The consumer game business performed exceptionally well, with segment profit rising 105.2% to 4,158 million yen. The online game business also saw a substantial improvement in profitability, with segment profit reaching 1,359 million yen, a 399.7% increase, aided by the disposal of unprofitable titles and the continued success of long-term operations. Conversely, the audio and visual business faced a difficult environment, as government-mandated restrictions and the cancellation of live stage performances led to a 39.7% decline in segment sales and a 65.7% drop in segment profit.

As of March 31, 2021, the company maintained a strong financial position with total assets of 33,463 million yen and an equity ratio of 79.9%. Cash and cash equivalents at the end of the period stood at 16,403 million yen. Due to the ongoing uncertainty surrounding the pandemic and its potential impact on amusement and live entertainment operations, the company has not provided financial forecasts for the fiscal year ending March 31, 2022, noting that it remains difficult to reasonably evaluate future conditions at this time.