Marvelous Results Briefing Materials: First Half of Fiscal Year Ending March 31, 2021

The Marvelous results briefing for the first half of the fiscal year ending March 31, 2021, outlines the company’s financial performance amidst the global COVID-19 pandemic. Despite a decline in net sales to 9,419 million yen—an 86.9% year-over-year performance—the company achieved a significant increase in operating profit, which rose to 1,699 million yen, representing a 134.4% increase compared to the previous year. This growth was primarily driven by robust performance in the online and consumer game segments, which successfully offset the negative impacts of the pandemic on the amusement and audio-visual business divisions.

The online game segment saw net sales rise to 3,998 million yen, supported by the continued stability of existing titles such as Logres of Swords and Sorcery and SHINOVI MASTER. Conversely, the consumer game segment experienced a decrease in net sales to 3,900 million yen, though it maintained strong profitability through repeat software sales and the successful international release of titles like the Story of Seasons series. The amusement business faced challenges due to pandemic-related disruptions, yet the launch of the Pokémon MEZASTAR machine in September 2020 provided a strong start for the division. The audio-visual segment also navigated a difficult environment, with stage performances resuming in July under strict social distancing guidelines.

Looking toward the remainder of the fiscal year, the company has adopted a range-based forecasting model to account for ongoing macroeconomic uncertainty. Full-year net sales are projected between 21,000 and 23,400 million yen, with operating profit expected to reach between 2,450 and 3,000 million yen. Future initiatives focus on the continued operation of existing digital titles, the release of new console software, and the expansion of amusement machine operations in international markets, including China. The company maintains a dividend policy targeting a payout ratio of 30% or higher to ensure stable returns for shareholders.