Game Publishing
Report
FY2021 Presentation Material
October 2020 to September 2021 The future information, such as earnings forecast, written in this document is based on our expectations and assumptions as of the date the forecast was made. Our actual results could differ materially from those described in this forecast because of various 1. FY2021 Full Year Results <sub>(October 2020 </sub>- September 2021) 2. FY2022 Forecast <sub>(October 2021 </sub>- September 2022) 3. Internet Advertisement Business 6.
CyberAgent
Report
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
