Puzzle & Dragons
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Documents about Puzzle & Dragons
GungHo Online Entertainment Consolidated Financial Results: 2nd Quarter FY Ending December 31, 2017
GungHo Online Entertainment’s consolidated financial results for the second quarter of the fiscal year ending December 31, 2017, detail a period of transition characterized by a slight decline in revenue alongside a strategic pivot toward global game distribution.
- GungHo Online Entertainment reported net sales of 23,432 million yen for Q2 2017, reflecting a decline attributed to the maturing lifecycle of its core title, Puzzle & Dragons.
- Operating income for the quarter reached 9,304 million yen, supported by cost-management efforts that included reduced advertising expenditures.
- The company is shifting its strategic focus toward global markets, highlighted by the action game Let It Die surpassing 3 million cumulative global downloads by mid-2017.
GungHo Online Entertainment Consolidated Financial Results for FY 2020
GungHo Online Entertainment’s consolidated financial results for the 2020 fiscal year demonstrate a resilient performance characterized by growth in operating profit despite a slight decline in net sales.
- GungHo Online Entertainment reported a 6.4% increase in operating profit to 30,157 million yen for FY 2020, despite a 2.5% year-on-year decline in net sales to 98,844 million yen.
- The flagship title Puzzle & Dragons remains the primary revenue driver, reaching 56 million cumulative downloads in Japan by November 2020 through consistent updates and collaboration events.
- Subsidiary GRAVITY Co., Ltd. bolstered financial performance through the successful regional launches of Ragnarok Origin in South Korea and Ragnarok X: Next Generation in Taiwan, Hong Kong, and Macau.
GungHo Online Entertainment Consolidated Financial Results: 1st Quarter FY 2021
GungHo Online Entertainment’s consolidated financial results for the first quarter of fiscal year 2021 demonstrate a period of sustained profitability driven by the enduring performance of its core mobile titles.
- GungHo Online Entertainment reported Q1 2021 net sales of 29,146 million yen and an operating income of 10,572 million yen, yielding a 36.3% operating margin.
- The company maintained a strong gross profit margin of 58.2% by focusing on live-service management and content updates for existing titles rather than new releases.
- Flagship title Puzzle & Dragons reached over 57 million downloads in Japan by March 2021, bolstered by its 9th-anniversary event.
Consolidated Financial Results for FY 2021: Supplementary Material
GungHo Online Entertainment’s financial results for the 2021 fiscal year demonstrate a period of growth driven by the sustained performance of its flagship title, Puzzle & Dragons, and the successful expansion of its Ragnarok-related franchise.
- GungHo Online Entertainment reported FY 2021 net sales of 104,626 million yen, a 5.8% year-over-year increase.
- Operating profit grew by 8.8% to 32,802 million yen, resulting in an improved operating profit margin of 31.4%.
- The company successfully offset a 12.1% increase in selling, general, and administrative expenses, driven by higher advertising and personnel costs.
GungHo Online Entertainment Consolidated Financial Results for FY 2022: Supplementary Material
GungHo Online Entertainment’s consolidated financial results for the 2022 fiscal year reflect a period of stable revenue generation supported by long-term engagement with core titles, despite a decline in overall profitability.
- GungHo Online Entertainment reported FY 2022 net sales of 105,505 million yen, a marginal year-on-year increase of 0.8%.
- Operating profit declined by 15.7% to 27,649 million yen, resulting in an operating profit margin contraction from 31.4% in 2021 to 26.2% in 2022.
- Profitability was impacted by rising personnel costs, increased marketing expenses, and higher investments in new game development.
GungHo Online Entertainment Consolidated Financial Results: 1st Quarter FY 2023
GungHo Online Entertainment’s consolidated financial results for the first quarter of fiscal year 2023 demonstrate a strategy focused on the long-term lifecycle management of established mobile and console titles.
- GungHo reported Q1 FY 2023 net sales of 30,722 million yen, a quarter-on-quarter decrease of 2,310 million yen.
- Operating profit increased to 8,483 million yen, up 731 million yen from the previous quarter, due to reduced advertising and salary expenditures.
- The company maintains a strong liquidity position with 122,633 million yen in cash and deposits out of 149,944 million yen in total assets.
GungHo Online Entertainment Consolidated Financial Results for FY 2023
GungHo Online Entertainment’s consolidated financial results for the 2023 fiscal year demonstrate a period of significant top-line growth alongside shifting profitability metrics.
- GungHo Online Entertainment reported 125,315 million yen in net sales for FY 2023, an 18.8% increase driven by the Puzzle & Dragons flagship title and the expansion of the Ragnarok franchise via subsidiary Gravity Co., Ltd.
- Despite top-line growth, profit attributable to owners of the parent fell by 13.6% to 16,433 million yen, reflecting a broader contraction in profitability.
- Operating profit remained nearly flat with a 0.8% increase to 27,880 million yen, causing the operating profit margin to compress from 26.2% in 2022 to 22.2% in 2023.
GungHo Online Entertainment: Consolidated Financial Results for the 1st Quarter of FY 2024
GungHo Online Entertainment’s consolidated financial results for the first quarter of fiscal year 2024 reflect a period of mixed performance characterized by steady engagement with core titles alongside a decline in total net sales.
- GungHo reported Q1 2024 net sales of 25,736 million yen, a decrease of 1,729 million yen compared to the previous quarter.
- Operating profit rose to 6,266 million yen, an increase of 1,946 million yen quarter-on-quarter, primarily due to reduced advertising costs and the absence of bonus payments.
- The company achieved an operating profit margin of 24.3% in Q1 2024, up from 15.7% in the final quarter of 2023.
GungHo Online Entertainment Consolidated Financial Results for FY 2024
GungHo Online Entertainment’s consolidated financial results for the 2024 fiscal year reflect a period of contraction characterized by a 17.3% year-on-year decline in net sales, which totaled 103,600 million yen.
- GungHo Online Entertainment reported a 17.3% year-on-year decline in net sales to 103,600 million yen for FY 2024, primarily due to a reactionary drop in Ragnarok franchise revenue.
- Operating profit fell by 37.3% to 17,491 million yen, causing the operating profit margin to contract from 22.2% to 16.8%.
- Profit attributable to owners of the parent decreased by 32.0% year-on-year, totaling 11,171 million yen.
GungHo Online Entertainment: Consolidated Financial Results for the 3rd Quarter of FY 2025 Supplementary Material
GungHo Online Entertainment’s consolidated financial results for the third quarter of fiscal year 2025 reflect a period of revenue contraction and declining profitability.
- GungHo reported Q3 FY 2025 net sales of 23,007 million yen, a quarter-on-quarter decline of 3,805 million yen driven by reduced engagement in the flagship title Puzzle & Dragons.
- Operating profit fell significantly to 848 million yen, a 1,341 million yen decrease from the previous quarter, resulting in a thin operating profit margin of 3.7%.
- Profitability was pressured by rising costs, specifically increased outsourcing expenses for new title development and higher marketing spend on offline events and trade shows.
GungHo Online Entertainment: Supplementary Material on Consolidated Financial Results for FY2017
GungHo Online Entertainment’s financial results for the fiscal year ended December 31, 2017, reflect a period of transition characterized by declining revenue from its core title, Puzzle & Dragons, alongside strategic efforts to pivot toward e-sports and global distribution.
- GungHo Online Entertainment reported a 17.9% year-on-year decline in net sales to 92,306 million yen and a 25.4% decrease in operating income to 34,384 million yen for the fiscal year ended December 31, 2017.
- The flagship title Puzzle & Dragons experienced declining revenue, though it maintained a user base of over 47 million downloads in Japan as of November 2017.
- Management is attempting to revitalize the Puzzle & Dragons brand through the 'Project 2018' initiative, which focuses on e-sports, new media, and merchandise to counter the maturation of the core game.
GungHo Online Entertainment: Consolidated Financial Results for the 1st Quarter of 2019
GungHo Online Entertainment’s consolidated financial results for the first quarter of 2019 demonstrate a period of strong growth, marked by the company’s second consecutive quarter of increasing sales and profits.
- GungHo Online Entertainment reported strong Q1 2019 growth with net sales of 35,073 million yen and operating income of 13,003 million yen.
- The company achieved an operating income margin of 37.1% and a gross profit margin of 50.9%, largely driven by the high-margin performance of the flagship title Puzzle & Dragons.
- Operational efficiency improved as selling, general, and administrative expenses fell to 4,843 million yen due to reduced advertising and salary costs.
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