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Terminy publikacji raportów okresowych: PCF Group S.A. 2026

PCF Group S.A. has established its financial reporting schedule for the 2026 fiscal year, ensuring compliance with regulatory requirements for issuers of securities. The primary objective of this disclosure is to provide stakeholders and the investment community with a transparent timeline for the release of audited annual, semi-annual, and quarterly financial statements. This schedule facilitates market predictability and aligns with the company’s obligations under current financial regulations. The reporting calendar begins on April 23, 2026, with the publication of both the standalone and consolidated annual reports for the 2025 fiscal year. Subsequent disclosures include the consolidated quarterly report for the first quarter of 2026 on May 28, 2026, and the consolidated semi-annual report for the first half of 2026 on September 17, 2026. The final scheduled disclosure is the consolidated quarterly report for the third quarter of 2026, set for November 26, 2026. In accordance with specific regulatory exemptions, the company will not publish standalone quarterly or semi-annual reports. Furthermore, the company has opted to forgo the publication of quarterly reports for the fourth quarter of 2025, as well as the second and fourth quarters of 2026. By focusing exclusively on consolidated reporting, the company streamlines its financial communication strategy while maintaining adherence to the disclosure standards mandated for the 2026 reporting period.

investment europe

PCF Group

Report

Consolidated Financial Statements for the Third Quarter of Fiscal Year Ending March 31, 2026

Akatsuki Inc. reports consolidated financial results for the first nine months of fiscal year 2025, ending December 31 2025. Net sales rose modestly by 2.1 % to ¥16,497 million, while operating profit surged 115.7 % to ¥3,063 million and ordinary profit increased 48.6 % to ¥3,318 million. Net profit attributable to parent shareholders climbed 287.6 % to ¥2,856 million, yielding diluted earnings per share of ¥198.11 versus ¥51.12 in the prior year. Total assets reached ¥57,687 million, up ¥3,054 million from March 31 2025, with net assets at ¥43,092 million and an equity ratio of 74.2 %. The company’s liquidity remained solid, with cash and deposits at ¥28,377 million and current liabilities down to ¥4,462 million. Segment performance varied: the Games and Comics business posted a 5.3 % decline in sales but doubled operating profit through cost reductions; Entertainment and Lifestyle achieved a 76.1 % sales increase to ¥1,400 million but saw a modest profit decline; the newly reported AI/DX Solutions segment generated ¥600 million in sales and incurred a ¥112 million loss. The Others segment recorded a sharp 83.1 % sales drop and a ¥51 million loss. The company added five subsidiaries to its consolidation scope, including CRAYON Inc. and PAPABUBBLE, while excluding Akatsuki Fukuoka after liquidation. No changes to accounting policies were noted. Forecasts for FY 2026 are withheld due to market uncertainties, and the company maintains a policy of not providing full‑year guidance.

market-analysis investment mobile+1

Akatsuki

Report

Consolidated Results Supplementary Information: Q2 of FYE March 2026

Akatsuki Inc. reported consolidated financial results for the second quarter of fiscal year ending March 2026, noting a 9 % decline in sales to ¥7,602 million and a 21 % drop in cumulative year‑to‑date sales of ¥9,915 million versus the prior year. The Games & Comics segment led the decline with a 10 % YoY fall to ¥7,248 million, while Entertainment & Lifestyle grew 36 % to ¥350 million, and the Others segment contracted sharply by 94 %. Operating profit fell 9 % to ¥3,422 million, largely due to weaker performance in the core Games & Comics unit; however, net income rose 80 % to ¥3,020 million, driven by gains from investee exits and reduced valuation losses on investment securities. Adjusted EBITDA increased modestly by 4 % to ¥4,015 million, reflecting a recovery in operating profitability after the release of new titles. Key drivers include the launch of “Kaiju No. 8 The Game” on 31 August 2025, which generated over ¥2 billion in first‑month sales with a 40 % overseas share, partially offsetting declines from legacy titles. Two M&A transactions in Q2 added PAPABUBBLE and WOWs to the consolidated segment from Q3, while Natee and AI Talent Force will join the AI/DX Solutions segment. The company’s balance sheet shows a net asset base of ¥42,995 million and cash equivalents of ¥33,272 million, with current liabilities at ¥6,954 million. Methodologically, the report aggregates data from all operating subsidiaries, restating prior figures to align with revised definitions effective Q2 FY3/26. The analysis covers Japan and international markets, focusing on the Games & Comics, Entertainment & Lifestyle, and AI/DX Solutions segments over a two‑quarter period.

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Akatsuki

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Consolidated Results Supplementary Information: Q1 FYE March 2026

Akatsuki Inc. reported a sharp decline in consolidated sales and operating results for Q1 of the fiscal year ending March 2026, with total group sales falling 44% YoY to ¥2,313 million. The Games segment suffered the largest hit, dropping 52% to ¥1,782 million and recording an operating loss of ¥1,643 million, largely due to a post‑Q4 portfolio review withdrawal and the absence of high‑profile releases. R&D spending for the Games business fell from the previous year as development on “TRIBE NINE” concluded, but costs for the upcoming title “Kaiju No. 8 The Game” increased personnel and outsourcing expenses. In contrast, the Comics division saw a modest 18% sales decline to ¥226 million but improved profitability, with operating profit rising from a loss of ¥2 million to ¥20 million. The division’s focus on original works and continued service provision to the overseas platform MANGA MIRAI contributed to this turnaround. The IP Solutions unit experienced explosive growth, with sales up 167% to ¥298 million and operating profit soaring 2,592% to ¥122 million, driven by the successful online lottery “Slash Gift” and the inclusion of CRAYON, Inc. in consolidation. Other income sources shifted, with gains on investment securities decreasing by ¥107 million to ¥580 million. Net income swung from a loss of ¥271 million in FY3/25 to a larger loss of ¥1,167 million in FY3/26, reflecting the combined impact of segment downturns and higher operating losses. Adjusted EBITDA also deteriorated from ¥153 million to a loss of ¥416 million. The financial data cover the Japanese market, covering all core segments—Games, Comics, IP Solutions, and ancillary services—from Q1 FY3/24 through Q1 FY3/26. The analysis relies on consolidated financial statements, trend tables, and explanatory notes detailing segment performance, expense composition, and investment activity.

market-analysis mobile japan+1

Akatsuki

Report

Consolidated Financial Statements: Second Quarter and First Half-Year Period of Fiscal Year Ending March 31, 2026

Akatsuki Inc. reports consolidated financial results for the first half of fiscal year ending March 31, 2026 (April 1–September 30, 2025). Net sales fell 20.6 % YoY to ¥9,915 million, while operating profit declined 42.4 % to ¥1,724 million; ordinary profit dropped 42.7 % to ¥1,676 million, yet net income attributable to parent rose 31.4 % to ¥1,853 million, driven by a higher comprehensive income of ¥2,269 million versus ¥1,499 million the prior year. Profit per share diluted increased from ¥97.85 to ¥128.56. Total assets grew to ¥59,400 million, with net assets rising to ¥42,995 million and equity ratio improving to 71.9 %. Cash flows from operating activities were modest at ¥369 million, while investing cash outflows of ¥5,433 million reflected significant purchases of investment securities and intangible assets. Financing activities generated net inflows of ¥1,775 million, offset by dividends paid of ¥795 million. Segment analysis shows the Games and Comics business experienced a 23.2 % sales decline to ¥9,257 million and a 41.2 % profit drop, whereas the Entertainment and Lifestyle segment grew sales by 76.1 % to ¥649 million, achieving a 90.7 % profit increase. The Others segment recorded a sharp sales decline and continued losses. The report notes significant consolidation changes: six new subsidiaries, including CRAYON Inc., were added; Akatsuki Fukuoka was liquidated. Goodwill increased by ¥4,316 million due to acquisitions of Natee and PAPABUBBLE JAPAN. No full‑year forecasts are provided, reflecting uncertainty in the Games and Comics market and ongoing investment plans.

investment japan mobile+1

Akatsuki

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Announcement of Consolidated Results for Fiscal Year Ended March 31, 2025, a Comparison with Prior Year Results, Extraordinary Loss, and Non-operating Expense

Akatsuki Inc. reported consolidated financial results for the fiscal year ending March 31, 2025 (April 1 2024–March 31 2025). Net sales fell by 1.3 % to ¥23,652 million from ¥23,972 million in FY2023, reflecting a decline in the Games segment despite a new title launch. Operating ordinary profit rose by ¥1,239 million (46.3 %) to ¥3,915 million, driven largely by gains in the Comics and IP Solutions businesses; the former benefited from contracted services for an overseas manga platform, while the latter saw growth in its online lottery service “Slash Gift.” Ordinary profit attributable to parent shareholders increased by ¥1,399 million (49.4 %) to ¥4,233 million, and net income attributable to owners of the parent grew by ¥358 million (27.8 %) to ¥1,646 million, aided by gains on share sales from IPOs of investee companies. A conservative write‑down of deferred tax assets reduced the profit attributable to owners, yet overall net income still improved. An extraordinary loss of ¥593 million was recorded on the valuation of investment securities held by the group, reflecting a conservative assessment of recoverable value amid market uncertainty. On a non‑consolidated basis, the company recorded a ¥5,776 million provision for doubtful accounts and a ¥2,454 million loss on valuation of shares in affiliated companies; these items are largely confined to consolidated subsidiaries and have a minor impact on the consolidated results. The report covers Japan‑based operations for FY2025, with data derived from internal financial statements and market assessments.

market-analysis investment mobile+1

Akatsuki

Report

Notice of Cancellation of Treasury Shares

NEXON Co., Ltd. announced that its Board of Directors has approved the cancellation of 36,487,500 ordinary treasury shares, representing 4.4 % of the company’s issued share capital as of January 31 , 2026. The cancellation is scheduled for February 27 , 2026 and will affect all treasury shares held by Nexon at the end of January. After the cancellation, the total number of issued shares is projected to be 792,078,539. The notice references Article 178 of the Companies Act as the legal basis for the action. The announcement serves to reduce the company’s treasury holdings, thereby potentially increasing earnings per share and improving shareholder value. No additional financial or operational details are provided beyond the share count, percentage of total shares, and projected post‑cancellation share total. The scope is limited to Nexon’s ordinary shares listed on the TSE Prime Market, with no mention of other geographic markets or industry segments. Methodology is not applicable, as the notice simply reports a board‑approved corporate action rather than presenting survey data or analytical findings.

investment japan asia

NEXON Co.

Report

Current Report No. 6/2025: The Alters Release Date

The release of Frostpunk 2, the highly anticipated sequel to the critically acclaimed survival‑city builder, has been officially scheduled for June 13 2025. The announcement comes from the Management Board of 11 bit studios S.A., a Warsaw‑based developer known for its narrative‑driven titles. The global launch will encompass the PC edition and next‑generation console versions for Xbox Series X/S and PlayStation 5, ensuring simultaneous availability across major platforms. Digital distribution will be handled by the industry’s leading storefronts: Steam, Epic Games Store, GOG, Xbox Store and PlayStation Store. In addition, the game will be added to Microsoft’s subscription services—PC Game Pass and Xbox Game Pass—from day one, broadening accessibility for subscribers. The release date was disclosed under Article 17.1 of the Market Abuse Regulation, classifying it as inside information that must be communicated promptly to avoid market manipulation. The announcement is concise, focusing solely on the release logistics and distribution channels. No sales projections, marketing strategies, or financial implications are provided in this communication. The scope is strictly global, covering all major digital marketplaces and subscription services at launch. Methodologically, the information originates from an official board statement, with no external data or survey references included.

game-publishing pc console+2

11 bit studios

Report

Current Report No. 24/2023: Signing of a Letter of Intent Regarding a Production Agreement

The report announces that PCF Group S.A., headquartered in Warsaw, entered into a non‑binding Letter of Intent on 17 June 2023 with a prominent U.S. entertainment company to develop a virtual‑reality action/combat video game under the code name “Dolphin.” The intent is to negotiate a production agreement with a publisher or its affiliate, under which PCF will act as a work‑for‑hire developer. The publisher’s total budget for the project is estimated between 16 million and 24 million USD, with intellectual property rights ultimately belonging to the publisher within contractual limits. Development is projected to conclude in 2025, with release planned for current and future leading VR hardware platforms. The report clarifies that signing the Letter of Intent does not guarantee a final production contract, and further details will be disclosed in a separate public update. The scope covers the U.S. entertainment partner and global VR platforms, focusing on action/combat gameplay. No survey or statistical methodology is cited; the information derives from corporate governance announcements and contractual estimates.

game-development mergers-acquisitions investment+4

PCF Group

Report

Raport Bieżący Nr 59/2023: Podjęcie Decyzji o Ograniczeniu Zakresu Projektu Dagger

The report announces a temporary reduction in the scope of PCF Group S.A.’s self‑publishing project “Project Dagger.” Following the delivery of a key milestone and an evaluation of the creative concept, management decided to pause plans for a 2025‑2026 AAA release. The decision follows analyses of scenario impacts discussed with the game publisher Square Enix Limited, as detailed in earlier reports. A core team of roughly ten experienced developers will be tasked with redefining the game’s direction and producing a pre‑production version that incorporates feedback from external evaluation. Concurrently, most team members will be offered opportunities to work on other group projects—Maverick, Bifrost, and Victoria. The action aligns with the updated Group strategy communicated in January 2023 and reflects a shift toward more focused resource allocation. The report cites legal grounding under Article 17(1) of the MAR Regulation and references prior interim reports (No. 3/2023 and No. 58/2023) for context. The scope is limited to the Polish‑based PCF Group and its internal development operations, with no geographic expansion noted. No specific survey or external data sources are mentioned beyond the internal evaluation; methodology is implied to be an internal review of creative milestones and strategic alignment. The conclusion underscores a reallocation of talent and resources to projects with higher immediate viability while maintaining the potential for future iteration of Project Dagger.

game-development europe

PCF Group

Report

Financial Highlights: 1st Quarter of the Fiscal Year Ending March 2012

The financial highlights present Tecmo Koei Holdings’ performance for the first quarter of fiscal year 2011, ending March 31, 2012. Net sales rose 26 % year‑over‑year to ¥34.5 billion, driven primarily by the Game Software segment, which generated ¥23.1 billion in sales and contributed a 54.8 % increase from the previous year’s first quarter. Online & Mobile sales also grew strongly, up 79.5 % to ¥4.6 billion, while Media & Rights and Pachislot & Pachinko segments declined sharply by 34.3 % and 76.6 %, respectively. Amusement Facilities sales fell 40.2 %. Corporate and elimination items offset gains, resulting in a net income of ¥2.6 billion, up 31.3 % from the prior year’s first quarter. Operating income improved markedly to ¥641 million, a 51.3 % increase from the prior year’s first quarter, largely due to gains in Game Software (¥1.16 billion) and Online & Mobile (¥1.20 billion). However, the Media & Rights segment posted a loss of ¥109 million, and Pachislot & Pachinko’s operating income fell 98.3 % to ¥497 million, reflecting a significant downturn in that business line. The report covers Japan‑based operations across five core segments—Game Software, Online & Mobile, Media & Rights, Pachislot & Pachinko, and Amusement Facilities—over the first quarter of FY2011. Data are presented in millions of yen, with year‑on‑year comparisons and forecasts for the full fiscal year. The methodology relies on consolidated financial statements, with no explicit survey or sampling details disclosed. Overall, the company experienced robust growth in its core gaming and online divisions, offset by declines in traditional gambling‑related businesses.

market-analysis investment japan+1

Koei Tecmo

Report

Notice of Annual General Meeting: 2025

The notice announces the Annual General Meeting of 11 bit studios S.A., scheduled for June 12, 2025 at 11:00 am in Warsaw. The meeting will be held at ul. Brzeska 2, and all related documents—including draft resolutions, proxy forms, and additional materials—are available on the company’s Investor Relations website. The Management Board informs shareholders that supplementary documentation will be provided immediately before the meeting, comprising the Supervisory Board Report for 2024, the Remuneration Report for 2024, and an Auditor’s Report on that remuneration report. The notice is issued under Article 56.1.2 of the Public Offering Act, fulfilling legal requirements for periodic disclosure to shareholders. The communication is signed by Przemysław Marszał, President of the Management Board, and Grzegorz Miechowski, a board member. The announcement serves to inform shareholders of the meeting’s date, time, location, and agenda items, ensuring compliance with regulatory disclosure obligations.

investment europe

11 bit studios

Report

Consolidated Financial Results for FY 2025: Supplementary Material

GungHo Online Entertainment reported a decline in consolidated net sales for FY 2025, falling 10.0% to ¥93,242 million from ¥103,600 million in FY 2024. The drop was driven primarily by a slowdown in non‑consolidated sales of its flagship title “Puzzle & Dragons” and fewer high‑profile collaboration events, while subsidiary Gravity Co., Ltd. offset the decline with growth in Southeast Asian and Chinese markets through new “Ragnarok” releases. Gross profit contracted 20.8% to ¥42,328 million, with the margin falling to 45.4%, largely due to a lower sales mix from Gravity and higher cost of sales. Operating profit suffered sharply, decreasing 71.1% to ¥5,056 million as SG&A expenses rose—particularly personnel costs following the full acquisition of Alim Co., Ltd.—and cost‑of‑sales ratios increased. Operating profit margin dropped to 5.4%. Ordinary profit and pre‑tax earnings fell by more than two‑thirds, reaching ¥6,780 million and ¥6,576 million respectively. The attributable profit to owners of parent fell 87.4% to ¥1,407 million. Quarterly results mirrored the annual trend: operating profit turned negative in Q4 (¥811 million loss) after a strong first‑quarter performance, with net sales declining 3.8% quarter‑on‑quarter to ¥19,646 million. SG&A and salary expenses rose in the fourth quarter due to bonus payments, while advertising spend decreased slightly. The company’s balance sheet remained solid, with cash and deposits around ¥130 billion and total assets near ¥170 billion. Overall, FY 2025 reflected a challenging environment for core titles and rising operating costs, prompting a strategic focus on expanding the user base through cross‑media initiatives and new title launches.

market-analysis monetization investment+2

GungHo Online Entertainment

Report

Supervisory Board’s Recommendation on Allocation of Profit for 2024: Poland

The supervisory board of 11 bit studios S.A. has endorsed the management’s proposal to allocate the entire net profit of PLN 6,899,150 earned in 2024 to statutory reserve funds. This recommendation follows the legal requirement under Article 56.1.2 of the Public Offering Act, which mandates periodic disclosure of profit allocation plans. The final decision on how the 2024 profit will be distributed rests with the annual general meeting, which convened on June 12 2025. The report is issued from Warsaw on May 16 2025 and represents the current, official stance of the supervisory board. The recommendation reflects a conservative approach to capital preservation and compliance with statutory reserve obligations, ensuring that the company’s retained earnings are fully directed toward strengthening its financial base. No further distribution to shareholders or other stakeholders is proposed at this stage, pending the AGM’s resolution. The communication underscores the board’s commitment to prudent financial governance and adherence to regulatory frameworks governing public companies in Poland.

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11 bit studios

Report

Q1 2021/22 Sales: 33.7 M€

Nacon reported first‑quarter sales of €33.7 million for the period 1 April to 30 June 2021, a decline of 11.3 % versus the same quarter in 2020‑21. The drop reflects an unfavorable comparison basis, yet back‑catalogue performance remained resilient with €9.2 million in sales compared to €10.8 million during the initial lockdown, and a substantial 340 % lift in back‑catalogue revenue that quarter. Game sales fell 16 % to €12.2 million, while accessories declined 8.8 % to €20.6 million; the accessories segment benefited from a 19 % rise in non‑RIG helmet ranges, notably PlayStation 4 and Xbox® controllers. Mobile and audio sales remained flat at €0.9 million. The company confirmed its 2021‑22 and 2022‑23 targets, projecting total annual sales of €180–200 million with a current operating income (COI) margin of 20 %. For FY 2022‑23, Nacon aims for €230–260 million in sales and a COI margin above 20 %, supported by four major game launches (Test Drive Unlimited Solar Crown, Steelrising™, The Lord of the Rings™: Gollum™, and Session™). Second‑half growth is expected from additional titles such as Blood Bowl 3®, Rugby22®, Train Life, Hotel Life, Rogue Lords, and Vampire: The Masquerade®‑Swansong. Nacon’s integrated structure—comprising 11 development studios, publishing of AA titles, and premium hardware design—underpins its strategy to leverage synergies across a global distribution network covering 100 countries. The company, listed on Euronext Paris, employs over 600 staff and operates through 16 subsidiaries.

market-analysis game-publishing investment+3

Nacon

Report

Current Report No. 12/2025: Supplementary Document for Annual General Meeting

The supplementary document, issued on May 22 2025, serves to provide additional material for the 11 bit studios Annual General Meeting scheduled for June 12 2025. It supplements an earlier notice (Current Report No. 10/2025) by attaching three key reports: the Supervisory Board Report for 2024, the Remuneration Report for 2024, and the Auditor’s Report on that remuneration report. These documents are appended in full to the current release, ensuring shareholders receive comprehensive governance and compensation information before the meeting. The notice also corrects a clerical error from the prior announcement regarding the AGM agenda, clarifying the items to be discussed. The correction is communicated through an updated Board of Directors announcement included in this release. The scope of the supplementary material covers the company’s 2024 financial and governance performance, with a focus on supervisory oversight and executive remuneration. No specific geographic or industry segmentation is addressed beyond the company’s operations in the video game sector. Methodologically, the reports rely on internal audit and external auditor verification for remuneration data, while supervisory board activities are documented through standard corporate governance practices. The document concludes with signatures from the President of the Management Board, Przemysław Marszał, and a board member, Grzegorz Miechowski, underscoring the authenticity of the information provided.

investment europe

11 bit studios

Report

Raport bieżący nr 16/2023Podpisanie przez People Can Fly Canada Inc. umowy kredytowej oraz powiązanych dokumentów zabezpieczeń

People Can Fly Canada Inc., a subsidiary of PCF Group S.A. headquartered in Warsaw, entered into a financing agreement with the Bank of Montreal on 24 May 2023. The contract provides two revolving credit facilities: a $1,200,000 line for general corporate and working‑capital needs, and an $8,000,000 line to fund Canadian tax incentives. Both lines are renewable annually and repayable on demand. Interest rates combine a negotiated margin with the Canadian Prime Rate, and standard market‑based fees apply. The agreement requires customary suspension conditions, including submission of legal opinions, registration extracts and other documentation to the bank. Security for the loans is structured under Canadian law and includes a parent‑company guarantee, a first‑ranking general security agreement covering all movable assets of PCF Canada, a first‑ranking mortgage valued at $11,040,000 on the same movable assets, subordination of corporate loans from the parent entity, and designation of the bank as an additional insured under PCF Canada’s insurance policies. On the same day, PCF Group issued a $9,200,000 unsecured guarantee to the bank covering the loan obligations and associated securities. The agreement obliges PCF Canada to provide financial statements and other material information, imposes restrictions on changes in core business activities or additional borrowing, and grants the bank rights to terminate or suspend financing upon breach. The arrangement is confined to Canada, covers corporate finance and tax‑incentive funding, and reflects standard practices for revolving credit facilities in the Canadian market.

funding north-america

PCF Group

Terminy publikacji raportów okresowych: PCF Group S.A. 2026

Consolidated Financial Statements for the Third Quarter of Fiscal Year Ending March 31, 2026

Consolidated Results Supplementary Information: Q2 of FYE March 2026

Consolidated Results Supplementary Information: Q1 FYE March 2026

Consolidated Financial Statements: Second Quarter and First Half-Year Period of Fiscal Year Ending March 31, 2026

Announcement of Consolidated Results for Fiscal Year Ended March 31, 2025, a Comparison with Prior Year Results, Extraordinary Loss, and Non-operating Expense

Notice of Cancellation of Treasury Shares

Financial Results for the Fiscal Year Ending March 2023: Mid-term Business Plan Partial Revision

Current Report No. 6/2025: The Alters Release Date

Presentation Material: Year Ended March 31, 2023

Current Report No. 24/2023: Signing of a Letter of Intent Regarding a Production Agreement

Raport Bieżący Nr 59/2023: Podjęcie Decyzji o Ograniczeniu Zakresu Projektu Dagger

Financial Highlights: 1st Quarter of the Fiscal Year Ending March 2012

Notice of Annual General Meeting: 2025

Consolidated Financial Results for FY 2025: Supplementary Material

Supervisory Board’s Recommendation on Allocation of Profit for 2024: Poland

Q1 2021/22 Sales: 33.7 M€

Current Report No. 12/2025: Supplementary Document for Annual General Meeting

2024 Interim Report

Raport bieżący nr 16/2023Podpisanie przez People Can Fly Canada Inc. umowy kredytowej oraz powiązanych dokumentów zabezpieczeń