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Global

Integrated Report 2021

OUR MISSION STATEMENT OUR VISION “Dreams, Fun and Inspiration” are the Engine of Happiness. Through our entertainment products and services, BANDAI NAMCO will continue to provide “Dreams, Fun and Inspiration” to people around the world, based on our boundless creativity and enthusiasm. As an entertainment leader across the ages, BANDAI NAMCO is constantly exploring new areas and heights in entertainment.

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Bandai Namco

Report

Annual Report 2016

Contents Who we are Page no. MTG (Modern Times Group MTG AB (publ.)) is a leading Our Approach 2 international digital entertainment group and we are shaping Our Story 3 the future of entertainment by connecting consumers with CEO’s Review 4 the content that they love in as many ways as possible.

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Modern Times Group

Report

Integrated Report 2019

I N T E G R AT E D R E P O R T 2 0 1 9 The BANDAI NAMCO Group develops entertainment-related products and services in a wide range of fields, including toys, network content, home video games, amusement machines, amusement facilities, and visual and music content. “Dreams, Fun and Inspiration” are the Engine of Happiness.

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Bandai Namco

Report

Interim Financial Report: First Half 2023/24

SIX MONTHS ENDED 30 SEPTEMBER 2023 Public limited company (“société anonyme”) governed by a board of directors with share capital of €87,808,412 Registered office: 396/466, Rue de la Voyette – CRT 2 – 59273 Fretin Registered with the Lille Métropole trade and companies register under number 852 538 461 Registered office: 396/466, Rue de la Voyette - CRT 2 - 59273 Fretin Registered with the Lille Métropole trade and companies register under number 852 538 461 1.

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Nacon

Report

First Half 2023/24 Results

NACON reports first‑half results for the 2023/24 fiscal year (1 April–30 September 2023) with sales of €70.8 million, a 8.7 % decline from the same period in 2022/23, largely due to a release schedule weighted toward the second half. Catalogue sales fell 9 % to €23.1 million, while back‑catalogue sales remained resilient at €21.2 million (down 1.8 %). Accessories revenue rose to €24.9 million, driven by a growing installed base of new consoles. Gross profit was €43.5 million (gross margin 64.2 %), up 3 percentage points year‑on‑year, and EBITDA reached €29.3 million, a 20.1 % increase to an EBITDA margin of 43.2 %. Operating income fell sharply to €3.7 million (5.4 % of sales) due to higher depreciation and amortisation (€25.6 million) and increased financial expense from higher interest rates and negative foreign‑exchange effects. Net income dropped 61.6 % to €3.2 million (4.8 % of sales). At 30 September, equity stood at €248.7 million and cash at €19.6 million, reflecting a strategy of funding development internally rather than through new borrowing. Development assets for 50 games total €118.1 million, and funds from operations were €22.0 million. The second half will feature a busy release schedule with over ten new titles, including high‑profile launches such as Robocop: Rogue City. Back‑catalogue sales are expected to continue growing, and the accessories segment should benefit from expanding console markets and new high‑potential products. NACON therefore anticipates strong sales and operating income growth for the full 2023/24 year.

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Nacon

Report

Fourth-Quarter 2023/24 Sales: Nacon

Nacon reported consolidated sales for the 2023/24 financial year, ending 31 March 2024. Fourth‑quarter sales rose 9.8 % to €41.0 million, with gaming revenue up 7.9 % to €26.4 million and catalogue sales of new titles increasing 16.3 % to €15.4 million. Back‑catalogue sales held at €11.0 million, while accessories grew 13.1 % to €13.8 million, driven by strong performance of the RIG 600 PRO headset and REVOLUTION 5 PRO controller. Non‑IFRS full‑year sales reached €170.7 million, up 9.5 % from €156.0 million in 2022/23; gaming contributed €104.0 million (14.9 % growth) and catalogue sales grew 21.2 %. Operating income expanded at a faster rate than revenue, signalling improving profitability. The company launched 19 games during the year, including high‑profile titles such as *Robocop: Rogue City* and *Cricket 24: Official Game of The Ashes*. Five new releases in the fourth quarter—*War Hospital*, *New Cycle*, *Garden Life*, *Welcome to Paradize*, and *Taxi Life*—performed well, supporting the catalogue growth. A pipeline of roughly 15 titles is planned for 2024/25, with early‑access successes like *Ravenswatch* and upcoming releases such as *Test Drive Unlimited: Solar Crown*. Nacon, part of the Bigben Group since 2019, operates through 16 development studios and a global distribution network covering 100 countries. The company will announce full‑year results on 3 June 2024 and outline its 2024/25 strategy thereafter.

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Nacon

Report

2022-23 Half-Year Results

Nacon’s first‑half 2022‑23 financials show a modest revenue increase of €77.5 million, up 6.2% year‑on‑year, driven primarily by its games segment. Game sales rose 72.3% to €47 million, with current‑catalogue titles such as *Vampire: The Masquerade®‑Swansong*, *Steelrising™* and *Session Skate Sim™* more than doubling sales to €25.4 million; back‑catalogue revenue grew 33.3% to €21.6 million. Accessories sales fell 34.7% to €28.5 million, reflecting a high base effect in the U.S. and a global headset market decline. Gross margin improved to €47.6 million (61.4% of sales) from 52.1% the previous year, largely due to a lower proportion of accessory revenue (37% versus 60%). EBITDA climbed 19.8% to €25.6 million, and current operating income surged 31.4% to €11.1 million (14.3% of sales). Net profit for the period rose 123.5% to €8.4 million, more than double the €3.8 million recorded in the same period a year earlier. Cash and equity positions remain solid, with shareholders’ equity at €241.5 million and cash reserves of €38.1 million, after a strategic reinvestment in development (50 titles, >€30 million CAPEX) and the acquisition of Daedalic (€34.1 million). Net debt increased to €63.6 million due to inventory build‑up amid component shortages. Management projects a slight uptick in full‑year 2022‑23 sales and operating income, citing delayed releases of major titles such as *Blood Bowl III* and *Chef Life*. Strong growth is anticipated for 2023‑24, underpinned by the upcoming *Lord of the Rings Gollum™* launch and continued publishing activity.

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Nacon

Report

First Half 2024/25 Results

NACON reports first‑half 2024/25 results for the six months ending 30 September 2024, showing a 13.6 % rise in sales to €77.0 million versus €67.8 million a year earlier. Gaming revenue increased 10.7 % to €45.7 million, while the accessories segment grew 16.6 % to €29.1 million, contributing to a higher gross margin of 65.8 % compared with 64.2 % in the prior year‑half. EBITDA fell 3.2 % to €28.3 million, largely due to the absence of non‑recurring earn‑out releases that had boosted the previous period; operating income declined 12.9 % to €3.2 million, representing 4.1 % of sales. Net income contracted 32.4 % to €2.2 million, reflecting a higher tax expense and lower pre‑tax profit of €0.9 million. Cash stood at €17.4 million against €26.2 million a year earlier, with net debt at €101.5 million after an €18.6 million capital increase in July 2024. Funds from operations rose to €26.2 million, and the company maintains a portfolio of 45 games under development with assets worth €110.5 million. Geographically, NACON operates through 23 subsidiaries and a distribution network in 100 countries. The company projects continued momentum in gaming releases—such as “Test Drive Unlimited: Solar Crown” and “MXGP: The Official Motocross Videogame”—and new premium accessories, expecting full‑year sales and operating income growth for 2024/25. The next key event is the third‑quarter sales announcement on 20 January 2025.

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Nacon

Report

FY 2020/21 Annual Results: Nacon

Nacon reported a robust FY 2020/21 performance, with sales rising 37.4 % to €177.8 million and current operating income increasing 43.8 % to €32.5 million, representing 18.3 % of sales. Gross margin improved to 52.6 % from 61.1 %, while EBITDA grew 24.7 % to €60.3 million (33.9 % of sales). Net profit reached €18.2 million, up 19.6 %, after accounting for a €5.1 million bonus‑share expense, a €1.5 million financial charge and €7.7 million in tax. Operating cash flow surged 146 % to €55.7 million, sufficient to cover CAPEX of €56.4 million and bank repayments, leaving cash and equivalents at €96.7 million. The company attributes growth to premium accessories, successful U.S. expansion, and a tripling of back‑catalogue sales. Forecasts for FY 2021/22 have been raised to €180–200 million in sales with a 20 % operating margin, driven by digital catalogues and new titles such as *RIMS Racing* and *Blood Bowl 3*. For FY 2022/23, sales targets are further increased to €230–260 million, maintaining a margin above 20 %, supported by studio acquisitions and high‑profile releases like *The Lord of the Rings*. Nacon, listed on Euronext Paris (ISIN FR0013482791), operates through 18 subsidiaries and a distribution network covering 100 countries, employing over 600 staff. The board has opted to retain earnings for reinvestment rather than distribute a dividend in FY 2020/21.

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Nacon

Report

Annual Report and Consolidated Financial Statements 2023

ANNUAL R THE YEAR ENDED FINANCIAL STATEMENTS FOR THE YEAR ENDED Business model 10 Chief Executive’s review 15 Chief Financial Officer’s review 17 Environmental, social and governance (ESG) 19 Principal risks and uncertainties 20 Corporate Governance 25 Board of Directors 25 Corporate governance report ...

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tinyBuild

Report

Consolidated Financial Results: Nine Months Ended December 31, 2025

Capcom Co., Ltd. reported consolidated financial results for the nine months ended December 31, 2025 under Japanese GAAP. Net sales rose 29.8 % to ¥115,315 million, driven by a 25.4 % increase in Digital Contents sales and strong performance across its core franchises, including Street Fighter 6, Resident Evil titles, and Monster Hunter releases. Operating profit surged 75.1 % to ¥54,302 million, and ordinary profit climbed 64.6 % to ¥51,703 million, reflecting higher gross margins and effective cost management. Profit attributable to owners of parent reached ¥38,885 million, an 68.6 % year‑on‑year gain, and basic earnings per share rose to ¥92.96. The balance sheet showed total assets of ¥290,869 million and net assets of ¥250,245 million, with a shareholder equity ratio of 85.9 %. Cash and deposits fell to ¥111,767 million due to dividend payments of ¥16.83 billion and investment outflows, while working‑capital adjustments contributed to a net cash outflow of ¥6.75 billion from operations. Segment analysis highlighted Digital Contents as the largest contributor, generating ¥73,411 million in sales and ¥46,067 million in operating profit. Arcade Operations and Amusement Equipment segments added ¥18,581 million and ¥17,766 million in sales respectively, with operating profits of ¥2,681 million and ¥10,545 million. The company maintained a robust forecast for FY 2026, projecting net sales of ¥190 billion and operating profit of ¥73 billion. No accounting policy changes or restatements were reported, and the company confirmed its continued investment in digital sales growth and human capital development.

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Capcom

Report

3rd Quarter Report: Fiscal Year Ending March 31, 2026

Capcom’s fiscal year ending March 31, 2026 reported robust growth across all business segments, with revenue and operating profit rising year‑on‑year. Total net sales for the nine‑month period reached ¥1,153 billion, a 12 % increase, while operating profit climbed to ¥543 billion, up 75 %. The company achieved record cumulative unit sales of 54 million units, driven by strong catalog titles such as Resident Evil Village and Monster Hunter Rise. Digital content sales grew 33 % to ¥704 billion, with digital licenses contributing a notable 31 billion yen. Arcade operations and amusement equipment segments also posted positive momentum, with operating margins of 14 % and 59 %, respectively. Geographically, overseas sales accounted for 84 % of total units, reflecting successful penetration beyond Japan. New titles released during the period included Resident Evil Requiem and Monster Hunter Stories 3, while planned releases for the next fiscal year include Mega Man Star Force Legacy Collection and additional Monster Hunter titles. Capcom’s balance sheet strengthened, with total assets rising to ¥3,129 billion and net assets increasing by 11 % to ¥2,502 billion. Cash flow from operations remained positive at ¥414 million, though investing activities saw a net outflow of ¥67 million. The company highlighted strategic initiatives such as expanding arcade store formats, leveraging in‑game collaborations and merchandise, and developing new media content (anime and live‑action adaptations). Capital expenditures surged to ¥203 million, supporting infrastructure expansion. Overall, Capcom’s performance demonstrates resilience amid volatile entertainment markets, with continued emphasis on catalog strength and diversified revenue streams.

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Capcom

Report

FY24 Interim Financial Results: 1 June 2023 to 30 November 2023

The interim financial results for the six‑month period ending 30 November 2023 demonstrate a mixed performance driven largely by strong back‑catalogue sales, particularly within the creative management simulation (CMS) segment. Total revenue fell 17 % to £47.7 million, with 72 % derived from pre‑period titles; CMS games contributed £26.3 million, representing 55 % of revenue and an 81 % sustain rate versus the previous year. New‑game launches underperformed, with F1 Manager sales down 34 % and Warhammer Age of Sigmar: Realms of Ruin missing launch targets. Gross profit declined 9 % to £33.0 million, while gross margin improved by six percentage points to 69 %. Operating costs rose modestly; research and development expense increased 1 % to £24.7 million, sales and marketing rose 21 %, and general & administrative costs grew 2 %. Adjusted EBITDA swung to a loss of £4.9 million from a £0.6 million profit in the prior period, largely due to higher operating costs and lower revenue. Cash balances stood at £17.1 million on 30 November, down from £19.9 million at year‑end, reflecting ongoing investment in development and restructuring. An organisational review announced in October targets a 20 % reduction in annual operating costs, with phase one completed and phase two slated for February. The company maintains FY24 revenue guidance of £80‑95 million and an adjusted EBITDA loss target of £9 million, achievable at the upper end of the revenue range. Geographically, the results cover the UK‑listed Frontier Developments plc; time coverage is H1 FY24 (June–November 2023). Methodology relies on standard IFRS accounting, with adjustments to derive adjusted EBITDA excluding restructuring, impairment and share‑based payments. The report underscores a strategic pivot toward CMS titles across FY25‑27, with planned console releases of two PC games and an own‑IP CMS title in FY25.

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Frontier Developments

Report

FY 2020/21 Sales Results: Nacon

Nacon reported FY 2020/21 sales of €177.9 million, a 37.5 % increase over the previous fiscal year and surpassing the revised target of €160–170 million. Gaming revenue remained flat at €69.1 million, while accessories sales surged to €103.2 million, up 96.1 %. The accessories boom was driven by premium RIG® headsets, licensed controllers, and new Xbox Series X|S accessories launched late in the year. Back‑catalogue game sales tripled to €31 million, contributing high margins and offsetting a slight decline in overall game sales. Digital game sales rose to 75 % of Q4 revenue, up from 70 % the prior year. Quarterly performance highlighted a strong fourth quarter: €42.6 million in sales, a 68.7 % increase over Q4 2019/20, with gaming and accessories both outperforming. The company’s strategy, outlined during its March 2020 IPO, included acquisitions of Neopica, Passtech Games, and BigAnt Studios, expansion into the U.S. market with RIG® accessories, and a licensing agreement with Microsoft for Xbox Series X|S. These moves are expected to lift sales and operating margins in FY 2022/23 and 2023/24. Nacon confirmed a 18 % operating income rate for FY 2020/21 and plans to revise its 2023 guidance upward. The company operates globally, with a distribution network in 100 countries and over 510 employees across 17 subsidiaries.

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Nacon

Report

Financial Results for the FY 2024 and 4th Mid-term Management Plan

Financial Results for the FY 2024 Financial Results for the FY 2024 and 4<sup>th</sup> Mid-term Management Plan NOTE: This document has been translated from the Japanese original for reference purposes only. NOTE: This document has been translated from the Japanese original for reference purposes only.

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Koei Tecmo

Report

Financial Results for the Fiscal Year Ending March 2022

For the Fiscal Year Ending March 2022 This document contains statements regarding future objectives, beliefs and current expectations of KOEI TECMO HOLDINGS CO., LTD. with respect to its financial results. Such statements imply risks and uncertainties and no guarantee of future performance. *The Other company name, product name, logo mark and service name in this document are trademarks of each company.

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Koei Tecmo

Report

FY2018 1Q Result Presentation

GREE, Inc. reported FY2018 first‑quarter results with net sales of ¥21.6 billion, operating income of ¥2.7 billion and EBITDA of ¥3.1 billion, marking growth over the prior quarter but modest year‑on‑year increases after adjusting for a ¥10 billion one‑time tax effect from a North American reorganization. Net income rose when excluding that special item, though the operating margin remained flat due to higher advertising and commission costs offset by reduced fixed expenses. Forecasts for the first half of FY2018 project net sales of ¥40.5 billion, operating income of ¥4.5 billion and EBITDA of ¥5.2 billion, with expectations of a Q2 moderation following the strong Q1 performance and subsequent releases. Strategically, GREE continues to expand its native game portfolio through engine, IP and global initiatives, launching several titles in Q1 and planning five releases for the second half. The company emphasizes aggressive advertising, including TV commercials for its media platform LIMIA and MINE, achieving 1 million monthly active users on LIMIA. Game monetization is driven by IP‑based titles and collaboration events, with a noted peak in coin consumption at launch followed by sustained growth. The VR segment sees partnership‑driven releases, such as a PlayStation VR title with Square Enix. Geographically, GREE focuses on domestic growth while preparing overseas distribution for select IP games via partners like Crunchyroll. The presentation covers financial performance, cost structure, and operational plans across game development, media expansion, and VR ventures for FY2018.

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GREE

Integrated Report 2021

Annual Report 2016

Integrated Report 2019

2023 Annual Report

Interim Financial Report: First Half 2023/24

First Half 2023/24 Results

Fourth-Quarter 2023/24 Sales: Nacon

2022-23 Half-Year Results

First Half 2024/25 Results

FY 2020/21 Annual Results: Nacon

Annual Report and Consolidated Financial Statements 2023

Annual Report and Consolidated Financial Statements 2024

Consolidated Financial Results: Nine Months Ended December 31, 2025

3rd Quarter Report: Fiscal Year Ending March 31, 2026

FY24 Interim Financial Results: 1 June 2023 to 30 November 2023

FY 2020/21 Sales Results: Nacon

Financial Results for the FY 2024 and 4th Mid-term Management Plan

Financial Results for the Fiscal Year Ending March 2022

FY2018 1Q Result Presentation

Corporate Responsibility Report: 2024 Fiscal Year