Marvelous Inc. Fiscal Year Ended March 31, 2017: Results Briefing Materials

Marvelous Inc.’s fiscal year ended March 31, 2017, results briefing highlights a period of sustained profitability, marking the fifth consecutive year of earnings growth since the company’s management integration. Despite net sales declining to 29.39 billion yen—a 7.6% decrease from the previous year—the company achieved record-high earnings at all levels. Operating income rose by 6.2% to 5.75 billion yen, and profit attributable to owners of the parent increased by 15.6% to 4.17 billion yen. This performance was driven by improved marketing efficiency and the strategic removal of underperforming titles, which helped offset the impact of missing new title contributions in the online game segment.

The company operates across three primary segments: Online Games, Consumer Games, and Audio & Visual. The Consumer Game business served as a significant growth engine, with sales increasing by 20.2% to 9.07 billion yen, bolstered by hit titles such as Story of Seasons, Fate/EXTELLA, and Senran Kagura. Similarly, the Audio & Visual segment saw a 23.8% rise in sales to 5.61 billion yen, supported by successful stage productions and anime content. Conversely, the Online Game segment faced challenges, with sales falling to 14.75 billion yen due to a lack of new title releases, though the core title Logres of Swords and Sorcery maintained stable performance.

Looking toward the fiscal year ending March 31, 2018, the company projects continued growth with a forecast of 30 billion yen in net sales and 6 billion yen in operating income. Strategic initiatives include the development of new mobile and PC titles, the expansion of core series onto the Nintendo Switch platform, and the continued leveraging of cross-media intellectual property through anime and stage performances. The company maintains a stable dividend policy, planning a total annual dividend of 33 yen per share for the upcoming year, which includes a commemorative dividend for its 20th anniversary.