Notice Regarding Revision of Full-Year Consolidated Earnings Forecast and Recognition of Operating Losses

Marvelous Inc. revised its consolidated earnings forecast for the fiscal year ending March 31, 2026, raising expected net sales from 35,000 to 37,900 million yen and operating profit from 2,000 to 2,200 million yen—an increase of 8.3% and 10%, respectively. Ordinary profit is projected to climb from 2,000 to 2,800 million yen (40% rise), while profit attributable to owners of the parent company is expected to grow from 1,400 to 1,900 million yen (35.7% increase). These adjustments reflect strong performance in the Digital Content Business, notably sales of “Rune Factory: Guardians of Azuma 2025” and “STORY OF SEASONS: Grand Bazaar,” as well as steady expansion in Asian amusement markets and higher secondary licensing revenue from TV anime titles. Cost‑control measures and favorable foreign‑exchange gains are also cited as contributors to the upward revision.

The company disclosed anticipated operating losses and an extraordinary loss linked to specific titles. The new smartphone game “Browser Sangokushi Ten,” released October 2025, is expected to incur an operating loss of 811 million yen due to write‑offs of development costs and asset recoverability. Additionally, a North American title in the amusement business is projected to generate an 11 million‑yen operating loss and a 298 million‑yen extraordinary loss from inventory and fixed‑asset impairments. These losses have already been factored into the revised forecast.

Dividend policy remains unchanged, with a year‑end dividend of 12 yen per share maintained. The forecast adjustments cover the entire Japanese market and overseas operations for FY 2025‑26, based on current data and reasonable assumptions.