Nippon Ichi Software Securities Report FY2025

Nippon Ichi Software reported a consolidated net loss of ¥157 million and an operating loss of ¥274 million for the fiscal year ending March 31, 2025, despite stable net sales of approximately ¥5.3 billion.

Financial performance was negatively impacted by a 21.3% surge in manufacturing costs, increased R&D spending for high-performance consoles, and extraordinary losses from affiliated companies.

The company is heavily reliant on the North American market, which generated ¥3.06 billion in sales, and a concentrated distribution network where four partners account for 32% of total revenue.

Management is pivoting to a recovery strategy focused on developing new titles capable of exceeding 200,000 domestic sales to reduce dependence on the Disgaea series.

The company maintains a stable asset base of ¥111.5 billion, including ¥5.19 billion in cash and equivalents, and has committed to a year-end dividend of 5 yen per share.

Under new President Kenzo Saruhashi, the company is prioritizing internal reserves for talent acquisition and the strengthening of global development and sales capabilities.