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Zawiadomienie w trybie art. 19 ust. 1 rozporządzenia MAR: RB 21/2024

The notification, filed under Article 19(1) of the MAR regulation, informs shareholders that on 26 September 2024 a supervisory board member, Piotr Wierzbicki, submitted a disclosure regarding the acquisition of shares in 11 bit studios S.A. The report confirms receipt of this notification by the company’s board and indicates that the details of the transaction are attached to the filing. The disclosure is required under MAR Article 19(3) for transactions executed by individuals exercising managerial duties. The notification is addressed to the company’s management, specifically the board of directors, and references the relevant legal basis for reporting such transactions. The company’s executive officers listed in the notice are President Przemysław Marszał and Board Member Grzegorz Miechowski. The document does not provide further quantitative details about the transaction, such as share quantity or price, but indicates that full information is available in the attached annex. The scope of the disclosure is limited to a single transaction by a supervisory board member within the Polish jurisdiction, covering the period up to 26 September 2024. No additional methodology or data sources are mentioned, as the filing serves to satisfy regulatory reporting obligations rather than present an analytical study.

11 bit studios

Financial Highlights: 1st Half of Fiscal Year Ending March 2019

Financial highlights for the first half of fiscal year ending March 2019 show a strong performance across KOEI TECMO HOLDINGS’ core entertainment and gaming segments. Net sales rose 16.7 % year‑over‑year to ¥38,926 million, driven mainly by the entertainment segment (¥35,389 million, up 16.7 %) and a significant increase in pachislot & pachinko revenue (¥945 million, up 55.3 %). Amusement facilities and real‑estate sales also grew modestly, while the “Other” segment contracted sharply. Operating income surged 64.3 % to ¥11,711 million, with entertainment contributing the largest share (¥10,938 million). The company’s profitability metrics improved markedly: gross profit margin climbed to 31.7 %, operating margin reached 64.3 % of sales, and net income increased 24.9 % to ¥13,017 million. Balance‑sheet activity reflected a modest expansion of current assets, particularly cash and marketable securities, while fixed‑asset levels remained stable. Total assets decreased slightly from ¥128,594 million to ¥126,631 million, largely due to a reduction in investment securities. Current liabilities fell by 25 % to ¥8,216 million, improving liquidity. Shareholders’ equity remained robust at ¥112,938 million, with retained earnings near ¥73 billion. Net assets increased marginally to ¥117,092 million. The data cover Japan‑based operations for the first six months of FY2018, with comparative figures from FY2017 and full‑year projections. The report relies on consolidated financial statements prepared under Japanese GAAP, providing a comprehensive view of revenue streams, profitability, and balance‑sheet health for the company’s entertainment and gaming business.

Koei Tecmo

market-analysis investment japan

Financial Highlights: 1st Half of the Fiscal Year Ending March 2015

Financial highlights for the first half of fiscal year 2014, ending March 31 2014, show robust growth across KOEI TECMO HOLDINGS’ core segments. Net sales rose 4.2 % year‑on‑year to ¥37,576 million, driven primarily by game software sales that increased 1.0 % to ¥25,441 million and online & mobile revenue that grew 7.1 % to ¥6,423 million. Media & rights sales surged 44.3 %, while pachislot & pachinko and amusement facilities experienced moderate gains of 8.7 % and 9.3 %, respectively. Operating income expanded dramatically by 99.6 % to ¥7,140 million, largely due to a 89.5 % jump in game software operating profit and a 30.8 % rise in online & mobile profits. Net income climbed 76.5 % to ¥6,936 million, reflecting improved profitability across most segments. Segment‑level operating income highlights include a 336.7 % increase in media & rights and a 23.5 % rise in online & mobile, while pachislot & pachinko and amusement facilities saw declines of 10.6 % and 59.0 %. Corporate & elimination costs increased, offsetting some gains. Balance‑sheet data as of September 30 2014 show total assets at ¥99,132 million, slightly down from the prior year’s ¥100,622 million. Current assets fell to ¥18,855 million from ¥25,274 million, largely due to reduced cash and time deposits. Current liabilities dropped to ¥5,093 million from ¥10,122 million, improving liquidity. Shareholders’ equity increased to ¥91,269 million from ¥88,788 million, supported by retained earnings growth and a modest rise in accumulated other comprehensive income. Overall, the first half of FY2014 delivered strong revenue and earnings growth, particularly in digital and media segments, while maintaining a solid balance‑sheet position with improved liquidity and equity.

Koei Tecmo

Current Report No. 42/2021: Information on Transactions by Persons Performing Managerial Responsibilities

The report discloses transactions executed by a managerial officer of PCF Group S.A. on behalf of the company, in compliance with Article 19(3) of the MAR regulation. It was prepared on 30 August 2021 and covers disclosures received on that same day concerning acquisitions of the company’s shares made by the Managing Director. Three separate notifications are referenced, relating to purchases on 26 August 2021, 27 August 2021, and 30 August 2021. Each notification is attached as an annex to the current report, providing detailed information on the quantity of shares acquired, transaction dates, and purchase prices. The scope is limited to a single corporate entity within the Polish market and pertains exclusively to managerial‑level transactions over a three‑day period in August 2021. No additional data sources or survey methodology are mentioned, as the report relies solely on regulatory filings submitted by the company’s board. The primary conclusion is that the Managing Director engaged in multiple share purchases during the specified dates, and these transactions have been duly reported to meet transparency obligations under MAR.

PCF Group

Financial Highlights: 1st Half of FY2013

Financial highlights for the first half of fiscal year 2012 (ending March 2013) show a modest increase in consolidated net sales of 0.7 % to ¥13,724 million compared with the same period in FY2011, while full‑year sales for FY2012 were forecast at ¥39 000 million, up 9.8 % from FY2011. Gross profit rose 1.8 % to ¥4,254 million, and operating income surged 26.0 % to ¥897 million, reflecting a strong rebound in the Game Software and Pachislot & Pachinko segments. Income before taxes increased 41.1 % to ¥1,225 million, and net income grew 34.5 % to ¥554 million, both well above the 7.7 % forecasted growth. Segment analysis reveals that Game Software sales declined slightly by 1.0 % to ¥8,820 million but operating income from this segment jumped 69.1 % to ¥869 million, driven by higher gross margins. Online & Mobile sales fell 16.6 % to ¥2,365 million; operating income from this segment dropped 52.9 % to ¥247 million, partly due to the relocation of CWS Brains from Amusement Facilities to Online & Mobile in FY2011. Media & Rights sales increased 21.4 % to ¥618 million, with operating income turning positive at ¥157 million after a loss of ¥191 million the previous year. Pachislot & Pachinko sales rose 98.9 % to ¥1,120 million, with operating income up 71.8 %. Amusement Facilities and Other segments showed modest growth in sales (6.1 % and –5.2 %, respectively) but maintained stable operating income. The data cover the Japanese market, covering all business segments of Tecmo Koei Holdings. Figures are presented in millions of yen and compare FY2010, FY2011, and FY2012 results with forecasts for the full year. The report relies on consolidated financial statements prepared under Japanese GAAP, providing a comprehensive view of the company’s performance during the first half of FY2012.

Koei Tecmo

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Report of the Board of Directors and Financial Statements 2024: Finland

REPORT OF THE BOARD OF DIRECTORS AND FINANCIAL STATEMENTS 2024 2 Report of the Board of Directors 3 10 Financial income and expenses 32 Parent company’s financial statement Group financial statements 11 Income taxes 33 Parent company’s statement of profit of loss 54 Group’s comprehensive income statement 15 12 Earnings per share ...

Remedy Entertainment

game-publishing monetization investment+3

Conclusion of an Agreement Concerning the Availability of Games within the Game Pass Program

The agreement, finalized on December 2 2025 between 11 bit studios S.A. and Microsoft Corporation, grants Microsoft the right to host the game “Death Howl” and two additional titles from 11 bit’s publishing division on its Game Pass subscription platform. The licensing deal is expected to influence the company’s financial performance in 2026, as noted by the Management Board. The announcement follows a prior report issued on December 2 2025, and it is disclosed under Article 17(1) of Regulation (EU) No 596/2014, which governs market‑abuse disclosures. The agreement’s scope is limited to the specified titles and their availability on Microsoft’s Game Pass service, with no broader geographic or product implications indicated. No further details regarding revenue projections, user reach, or contractual terms are provided in the brief disclosure. The communication is directed at shareholders and market participants to ensure compliance with EU transparency requirements, emphasizing that the licensing arrangement will be reflected in the company’s 2026 financial statements.

11 bit studios

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Quarterly Report: 11 bit studios Q1 2025

QUARTERLY REPORT OF 11 BIT STUDIOS FOR THE THREE MONTHS ENDED 31 MARCH DEAR SHAREHOLDERS AND INVESTORS, It is our pleasure to present to you the quarterly technical quality, balanced gameplay, and, of report of 11 bit studios S.A. for the three months course, a lot of excitement and entertainment. In ended 31 March 2025.

11 bit studios

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Games from 11 bit studios’ Publishing Portfolio Approaching Release: Q1 2023

11 bit studios’ first‑quarter 2023 financials show a revenue of PLN 14.8 million, EBITDA of PLN 3.0 million and net profit exceeding PLN 2.46 million, slightly below the same period in 2022 but still above internal forecasts. The decline is partly attributed to a high‑base effect from the previous year’s exceptional sales of *This War of Mine* during February–March 2022, when the company donated weekly proceeds to the Ukrainian Red Cross. The current quarter’s profit was also influenced by revenue from the board‑game version of *Frostpunk* and a revaluation gain on an equity stake in Starward Industries, which owns *The Invincible*. Investment in development rose 28.2 % year‑on‑year to PLN 12.14 million, reflecting a strategy of increasing spend on both proprietary and third‑party titles as release dates approach. The publishing pipeline for 2023 includes *The Invincible* and *The Thaumaturge*, developed by Fool’s Theory, with promotional campaigns boosting their Steam wishlist rankings. The company anticipates that these releases will significantly lift 2023 financial results, supported by ongoing monetisation of established titles such as *Frostpunk* and *This War of Mine*. Long‑term growth is expected to hinge on upcoming proprietary projects—*Frostpunk 2*, *The Alters*, and an unnamed “Project 8”—all slated for launch by the end of 2025. The company’s cash cushion and solid Q1 performance underpin its focus on expanding both its own development slate and publishing portfolio across the global video‑game market.

11 bit studios

Raport Bieżący Nr 8/2022: Zmiana Daty Przekazania Raportów Rocznych za 2021

The current report announces a revised deadline for the publication of PCF Group S.A.’s consolidated and individual annual reports for 2021. The change follows an earlier communication (current report no. 2/2022) that had set the release date for 20 April 2022. The board now confirms that both reports will be published on 21 April 2022, shifting the deadline by one day. This adjustment is made under § 80(2) of the Minister of Finance regulation dated 29 March 2018, which governs ongoing and periodic disclosures required from issuers of securities. The notice is dated 14 April 2022 and serves to inform stakeholders, investors, and regulatory bodies of the new publication schedule. No additional data, statistics, or broader industry context are provided; the scope is limited to the timing of the PCF Group’s annual reporting for the 2021 fiscal year. The methodology is simply a procedural update issued by the company’s management board, with no survey or external data sources referenced.

PCF Group

Financial Highlights: 3rd Quarter of the Fiscal Year Ending March 2013

Financial highlights for the third quarter of fiscal year 2012 demonstrate robust growth across Tecmo Koei Holdings’ core segments. Net sales rose to ¥35,525 million from ¥32,081 million in the prior year, a 6.5% increase that exceeded the forecasted 9.8%. Gross profit climbed to ¥13,489 million, up 11.8% year‑on‑year, while operating income surged to ¥5,758 million, a 38.3% rise driven largely by the Game Software segment, which contributed ¥4,797 million in operating profit—an 83.6% jump from the previous year’s ¥2,336 million. Online & Mobile sales increased modestly to ¥5,635 million, though operating income in that segment fell 44.2% to ¥1,034 million due to higher marketing costs. Media & Rights experienced a 98% increase in operating income, moving from a loss of ¥109 million to a profit of ¥157 million. Pachislot & Pachinko and Amusement Facilities also posted gains, with operating incomes of ¥551 million (84.0% increase) and ¥128 million (15.6% increase), respectively. Net income for the quarter reached ¥4,640 million, a 291.7% increase over the prior year’s ¥666 million, reflecting higher operating margins and favorable tax treatment. The company’s balance sheet strengthened, with total assets rising to ¥59,921 million and shareholders’ equity increasing to ¥79,070 million. Current assets grew from ¥25,836 million to ¥22,033 million, while current liabilities fell from ¥9,220 million to ¥5,691 million, improving liquidity. Investment securities expanded significantly, contributing to the asset growth. The report covers Japan‑based operations for FY2012, with data presented in millions of yen. Key metrics are derived from consolidated financial statements and segment reporting, offering a comprehensive view of performance trends across gaming software, online/mobile, media rights, and amusement sectors.

Koei Tecmo

Current Report No. 1/2022: Transactions by Persons Discharging Managerial Responsibilities

The report discloses that on 3 January 2022 the board of PCF Group S.A. received a notification concerning a transaction executed by an individual holding managerial responsibilities, specifically the company’s President of the Board. The notification indicates that on 29 December 2021 this executive acquired shares in PCF Group S.A. The disclosure is made pursuant to Article 19(3) of the MAR regulation, fulfilling regulatory obligations for transparency in insider transactions. The scope is limited to a single transaction involving the company’s top executive and pertains exclusively to share ownership within PCF Group S.A. No additional data such as transaction volume, price, or comparative market impact are provided; the report merely confirms receipt of the notification and attaches it as an annex. Methodologically, the information is sourced directly from regulatory filings submitted by the executive to the relevant supervisory authority. The report serves to inform shareholders and market participants of potential insider activity, ensuring compliance with disclosure requirements under the Markets in Financial Instruments Regulation.

PCF Group

Financial Report for First Two Quarters: Fiscal 2026

Bushiroad Inc. reports consolidated financial results for the first two quarters of fiscal 2026 (July 1–December 31, 2025). Net sales rose 8.2 % to ¥27,839 million, while operating profit increased 68.5 % to ¥2,908 million and ordinary profit grew 81.8 % to ¥3,488 million; profit attributable to owners of the parent company surged 107.4 % to ¥2,577 million. Earnings per diluted share reached ¥19.00, a significant jump from ¥9.01 in the same period of fiscal 2025, reflecting both higher profitability and a 2‑for‑1 share split executed on October 1, 2025. Total assets expanded to ¥50,742 million and net assets climbed to ¥28,150 million, raising the equity‑to‑asset ratio from 47.7 % to 52.2 %. The company’s dividend policy for fiscal 2025 included a ¥4.50 million payout, while no dividends were declared in the first half of fiscal 2026; a forecast for the full year projects no dividend distribution. For the full fiscal year 2026, Bushiroad forecasts net sales of ¥56,000 million (a slight decline of 0.3 % from the prior year), operating profit of ¥4,500 million (down 7.6 %), ordinary profit of ¥4,600 million (down 5.1 %), and profit attributable to the parent of ¥2,700 million (down 21.0 %). Earnings per share are projected at ¥19.63, adjusted for the share split. These figures cover Bushiroad’s domestic Japanese operations under Japanese GAAP, with the fiscal year running from July 1 to June 30. The report relies on consolidated financial statements and includes a forward‑looking forecast based on current management expectations.

Bushiroad

investment game-development game-publishing+1

Annual Report 2013: 11 bit studios

I. PISMO ZARZĄDU ............................................................................................................. 3 II. WYBRANE JEDNOSTKOWE DANE FINANSOWE ZAWIERAJĄCE PODSTAWOWE POZYCJE ROCZNEGO SPRAWOZDANIA FINANSOWEGO WRAZ Z DANYMI PORÓWNYWALNYMI ................ 4 III. SPRAWOZDANIE FINANSOWE ZA ROK 2013 11 BIT STUDIOS S.A. ........................................ 4 IV. SPRAWOZDANIE ZARZĄDU Z DZIAŁALNOŚCI SPÓŁKI W ROKU 2013....................................

11 bit studios

game-development game-publishing investment+1

Current Report No. 19/2022: Termination of Collaboration with Take-Two Interactive Software, Inc.

The report informs that on 23 September 2022 the board of PCF Group S.A. received a letter from Take‑Two Interactive Software, Inc., indicating its intention to terminate the production‑publishing agreement dated 21 July 2020 for the title Project Dagger. The board has reviewed the proposed termination agreement, which includes a favourable modification of settlement terms for the parties. The proposal differentiates repayment amounts based on whether the game will be released via self‑publishing or through a new publisher, and it does not contain any clause suggesting that Take‑Two intends to exercise an intellectual‑property buy‑out option. During the first half of 2022, PCF Group completed all work specified in the original contract’s schedule and received full contractual remuneration. Despite ongoing negotiations, no new execution agreement has been signed to continue development of Project Dagger. Consequently, the board expects the contract to be terminated under terms essentially matching those in the proposed agreement. Under International Financial Reporting Standard 38, costs incurred for further development of Project Dagger will be capitalised as intangible assets. This accounting treatment is projected to materially affect the group’s financial results for the first half of 2022 and will continue to influence subsequent reporting periods as development proceeds under a self‑publishing model. The group remains committed to continuing Project Dagger’s development using internal funds, with the possibility of debt financing or partnership with a new publisher. The board will provide additional updates on the termination in accordance with applicable legal requirements.

PCF Group

Recommendation of the Management Board Regarding Net Profit Distribution for 2023

The board of 11 bit studios S.A. announced on 22 April 2024 that it recommends allocating the entire net profit of 525,609 PLN earned in 2023 to the company’s reserve capital. This recommendation is presented for consideration by the supervisory board and will ultimately be decided at the ordinary general meeting of shareholders. The resolution is grounded in Article 17(1) of the MAR, indicating that the information is confidential. The board members involved in this decision are President Przemysław Marszał and Board Member Grzegorz Miechowski. The recommendation reflects a conservative approach to capital management, ensuring that all profits are retained within the company rather than distributed as dividends. No additional financial details, such as profit breakdowns or comparative figures from prior years, are provided in the brief. The document serves solely to inform shareholders and supervisory authorities of the proposed profit allocation for the fiscal year 2023.

11 bit studios

2023 Annual Report: Tencent Holdings

7 MANAGEMENT DISCUSSION AND ANALYSIS 85 CORPORATE GOVERNANCE REPORT 85 CORPORATE GOVERNANCE REPORT 119 INDEPENDENT AUDITOR'S REPORT 119 INDEPENDENT AUDITOR’S REPORT 128 CONSOLIDATED INCOME STATEMENT 128 CONSOLIDATED INCOME STATEMENT 129 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 130 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 133 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 137 CONSOLIDATED STATEMENT OF CASH FLOWS 139 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1...

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Tencent