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Japan

Integrated Report 2017

“Dreams, Fun and Inspiration” are the Engine of Happiness. Through our entertainment products and services, BANDAI NAMCO will continue to provide to people around the world, based on our boundless creativity and enthusiasm. The BANDAI NAMCO Group develops entertainment-related products and services in a wide range of fields, including toys, network content, home video games, arcade games, amusement facilities, and visual and music content.

game-publishing market-analysis global+2

Bandai Namco

Report

Financial Report: Q2 2021

KLab Inc. reports a sharp contraction in operating performance for the first half of fiscal 2021 (January 1–June 30). Total revenue fell to ¥12.34 billion, a 22.6 % decline from the ¥15.95 billion recorded in the same period of FY2020, while operating income turned into a loss of ¥842 million versus an operating profit of ¥753 million in FY2020. Ordinary income and profit attributable to owners of the parent both swung into negative territory, with a loss of ¥818 million and ¥1.71 billion respectively, compared to profits of ¥568 million and ¥16 million in FY2020. Net income for the period was a loss of ¥44.3 million per share, contrasting with a modest profit of ¥0.42 per share in FY2020. The comprehensive loss widened to ¥1.74 billion, driven largely by a ¥1.54 billion impairment loss on goodwill and other extraordinary losses. Asset‑side, total assets declined to ¥21.01 billion from ¥23.49 billion, while equity fell to ¥14.74 billion, maintaining an equity ratio of 70.1 %. Treasury stock increased to ¥200.985 million after a February acquisition of 286,600 shares. Revenue concentration remained in the game business segment (≈¥12.13 billion), with a secondary “Other” segment contributing ¥209 million. The company disclosed no dividend for FY2021 and maintained a forecast of zero dividends for the year. Methodologically, figures are presented under Japanese GAAP, with a consolidated view of all subsidiaries. No changes to accounting principles or restatements were reported for the period.

market-analysis investment mobile+1

KLab

Report

Q1 2021 Financial Statement

KLab Inc. reported a sharp decline in first‑quarter FY2021 operating performance compared with the same period of FY2020. Revenue fell to ¥6,392 million from ¥7,420 million, a 13.8% drop, while operating income turned negative at ¥(505) million versus a profit of ¥37 million in FY2020. Ordinary income and profit attributable to the parent also swung from a ¥(83) million loss to a ¥386 million loss, reflecting significant impairment charges of ¥1.54 billion on software assets that dominated the extraordinary loss line item. Comprehensive income deteriorated to a ¥1,397 million loss from a ¥449 million loss in FY2020, largely driven by the same impairment and foreign‑exchange losses. Total assets decreased to ¥21.16 billion from ¥23.49 billion, with net assets falling to ¥15.24 billion and the equity ratio contracting from 70.5% to 72.0%. Cash and deposits were ¥6.38 billion, while current liabilities stood at ¥5.10 billion, leaving a modest working‑capital cushion. No dividends were declared for FY2021, and the company maintained its share‑repurchase program capped at ¥500 million. The quarter’s financials were prepared under Japanese GAAP, with no changes to accounting principles or estimates. The company’s segment analysis shows the game business as the sole revenue generator, with a reported impairment loss of ¥1.54 billion recorded in this segment. A subsequent acquisition of GlobalGear Co., Ltd. was announced, aimed at expanding KLab’s casual‑game portfolio and global reach.

market-analysis mobile japan+1

KLab

Report

Consolidated Financial Report: Q2 2020

KLab Inc. reports consolidated financial results for the first half of fiscal year 2020 (January 1–June 30, 2020). Revenue rose to ¥15.95 billion from ¥14.81 billion in the same period of FY2019, a 7.7 % increase, driven by growth in the game business and other businesses such as research & consulting. Operating income fell sharply to ¥753 million from ¥1,305 million, a 42.2 % decline, largely due to higher cost of sales and lower gross profit margin. Ordinary income dropped 52.8 % to ¥568 million, and profit attributable to owners of parent fell 98 % to ¥16 million. Net income turned negative, with a loss of ¥44 million versus a profit of ¥21 million in FY2019, reflecting significant foreign exchange losses and impairment charges. Comprehensive income also turned negative at ¥254 million compared with a positive ¥932 million in FY2019, driven by valuation losses on available‑for‑sale securities and foreign currency translation adjustments. Total assets decreased modestly to ¥23.34 billion from ¥23.67 billion, while shareholders’ equity remained stable at ¥17.29 billion, giving an equity ratio of 66.2 %. Net assets grew slightly to ¥17.29 billion, and the company maintained a strong liquidity position with cash and deposits of ¥6.38 billion. No dividends were declared for FY2019 or FY2020, and the forecasted dividend remained unchanged. The report covers Japan only, covering KLab’s core game development and ancillary businesses, with data derived from consolidated financial statements under Japanese GAAP. The methodology follows standard accounting principles without restatements or significant policy changes during the period.

market-analysis mobile japan+1

KLab

Report

Consolidated Financial Statement: Q1 2019

KLab Inc. reported consolidated financial results for the first quarter of fiscal year 2019 (January 1–March 31, 2019). Revenue declined 18.4 % to ¥6,468 million compared with the same period in FY2018, largely due to a drop in sales of the Love Live! School Idol Festival title. Operating income fell 70.9 % to ¥391 million, ordinary income decreased 67.2 % to ¥403 million, and profit attributable to owners of parent contracted 63.2 % to ¥296 million. Net income for the quarter was ¥303 million, a 65 % reduction from ¥805 million in FY2018. Comprehensive income also fell sharply, from ¥794 million to ¥435 million, reflecting a 45.3 % increase in other comprehensive income components. Total assets rose to ¥21,547 million, up ¥2.3 billion from the prior year’s end, driven by increases in operating investment securities and software in progress. Net assets increased to ¥16,048 million, an addition of ¥1.58 billion, largely due to equity in a newly consolidated subsidiary. The equity ratio declined from 75.1 % to 69.2 %. Current liabilities decreased, while long‑term debt increased, contributing to the shift in leverage. KLab forecasted FY2019 revenue between ¥32 billion and ¥40 billion, operating income between ¥1 billion and ¥4.5 billion, ordinary income in the same range, and profit attributable to owners between ¥700 million and ¥3.1 billion. The company noted that future results will depend heavily on the success of new game releases and market conditions, and it applied a range‑based presentation for forecasts. No dividends were declared for FY2019, and no significant changes in shareholders’ equity or accounting policies occurred during the quarter.

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KLab

Report

Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2020

KLab Inc. reported consolidated financial results for the first half of fiscal year 2019 (January 1–June 30, 2019) under Japanese GAAP. Revenue fell 7.3 % to ¥14,812 million compared with the same period in FY2018, driven by a decline in the Love Live! School Idol Festival franchise offsetting gains from Magatsu Wahrheit. Operating income dropped 49.7 % to ¥1,305 million, and ordinary income fell 53.6 % to ¥1,204 million, resulting in a profit attributable to owners of parent of ¥799 million—53.4 % lower than the prior year’s ¥1,713 million. Net income declined from ¥1,714 million to ¥795 million, and comprehensive income fell 44.9 % to ¥932 million from ¥1,691 million. Total assets increased by ¥3.19 billion to ¥22.44 billion, largely due to higher accounts receivable and software assets, while total liabilities rose by ¥948 million to ¥5.73 billion, driven mainly by increased long‑term debt. Net assets grew to ¥16.71 billion, reflecting a rise in non‑controlling equity from a newly consolidated subsidiary. The company maintained an equity ratio of 69.4 % versus 75.1 % in FY2018, and disclosed no dividend for the period. Forecasts for FY2019 were revised upward on revenue only, with operating income projected between ¥450 million and ¥1,000 million. No significant accounting changes or restatements were noted. The report covers the Japanese market, focusing on game development and related services for FY2019’s first half.

market-analysis investment japan+1

KLab

Report

Consolidated Financial Results for Q3 2019: Japan

KLab Inc. reported consolidated financial results for the first nine months of fiscal year 2019 (January 1–September 30), showing a decline in revenue and profitability compared with the same period of FY2018. Total consolidated revenue fell 10.3 % to ¥22,377 million, driven by weaker performance of key titles such as *Love Live! School Idol Festival* and *Captain Tsubasa: Dream Team*, offset by releases of *Magatsu Wahrheit* and *Love Live! School Idol Festival ALL STARS*. Operating income dropped 57.1 % to ¥1,711 million, ordinary income fell 61.8 % to ¥1,569 million, and profit attributable to owners of parent decreased 53.7 % to ¥1,216 million. Net income for the period was ¥1,186 million, a 55 % decline from ¥2,629 million in FY2018. Comprehensive income also contracted sharply to ¥1,367 million from ¥2,635 million. Total assets increased to ¥23,415 million, largely due to higher accounts receivable and software assets, while total liabilities rose to ¥6,125 million, driven by a significant increase in long‑term debt. Net assets grew to ¥17,290 million, supported by retained earnings gains despite a reduction in treasury stock. The equity ratio fell from 75.1 % to 69.2 %. KLab adopted a range‑based forecast methodology for FY2019, revising its operating performance outlook to ¥1,750 million in operating income, ¥1,600 million in ordinary income, and ¥1,200 million in profit attributable to owners of parent. No dividends were declared for FY2019. The report covers the Japanese market, reflects Japanese GAAP, and is based on consolidated financial statements with no changes in accounting policies or restatements during the period.

investment mobile japan+1

KLab

Report

Summary of Financial Results for Third Quarter of Fiscal Year Ending December 31, 2017

KLab Inc. reported a strong third‑quarter performance for fiscal year 2017, with consolidated revenue rising 25.0 % to ¥18,238 million compared to the same period in FY2016. Operating income surged 211.0 % to ¥3,206 million, and ordinary profit reached ¥3,767 million, resulting in a net income attributable to owners of parent of ¥2,588 million. The company’s comprehensive income for the quarter was ¥2,602 million, reversing a loss of ¥740 million in FY2016. Net assets increased to ¥11,922 million, up 24.4 % from the prior year, while the equity ratio improved to 69.6 %. Total assets grew to ¥17,098 million, driven largely by higher cash balances and intangible asset gains. The company forecast FY2017 revenue at ¥26,000 million, operating income at ¥4,300 million, ordinary income at ¥4,900 million, and profit attributable to owners of parent at ¥3,300 million. These forecasts reflect recent favorable trends and are presented as single‑figure estimates rather than ranges. KLab’s operating results were largely supported by the success of mobile titles such as “Bleach: Brave Souls,” “Captain Tsubasa ～ Tatakae Dream Team,” and “Utano Princesama Shining Live.” Cost of sales increased 10.4 % mainly due to higher royalties, while selling‑general‑administrative expenses rose 12.4 % from increased advertising spend. Non‑operating income benefited from a ¥512 million foreign exchange gain. Geographically, the report covers Japan‑based operations with no explicit international revenue breakdown. The period examined is January 1 to September 30, 2017, and the analysis relies on consolidated financial statements prepared under Japanese GAAP. No significant changes in accounting policies or restatements were noted for the period.

investment mobile japan+1

KLab

Report

Notice Concerning Upward Revision of Earnings Forecasts for FY2017

KLab Inc. announced an upward revision of its consolidated earnings forecasts for the fiscal year ending December 31, 2017. The company increased projected revenue from 25,500 million JPY to 26,000 million JPY, operating income from 4,200 million JPY to 4,300 million JPY, ordinary income from 2,800 million JPY to 4,900 million JPY, and profit attributable to owners of parent from 76.31 million JPY to 3,300 million JPY. These adjustments represent increases of 2 %, 7.5 %, 16.7 % and 17.9 % respectively, while the prior range‑based forecasts are now presented as single figures. The revisions stem from favorable performance in both overseas and domestic markets for KLab’s four flagship titles—Love Live! School Idol Festival, Bleach: Brave Souls, Captain Tsubasa ～Tatakae Dream Team～, and Utano☆Princesama Shining Live. Management expects the positive trend to continue through Q4, driving higher revenue and profitability. The forecast update follows a recent third‑quarter financial release (planned for November 9, 2017) and is based on currently attainable information; actual results may vary. The announcement covers the entire Japanese market with a focus on mobile gaming revenue streams, and it reflects KLab’s confidence in sustaining growth across its core product portfolio for the 2017 fiscal year.

market-analysis investment japan

KLab

Report

Summary of Financial Results for First Quarter: Fiscal Year Ending December 31, 2017

KLab Inc. reported first‑quarter fiscal 2017 results for the period January 1 to March 31, 2017. Consolidated revenue rose 8.9 % year‑over‑year to ¥5,249 million, driven by strong performance of “Love Live! School Idol Festival” and “Bleach: Brave Souls.” Operating income improved to ¥935 million from a loss of ¥70 million in the same quarter last year, and ordinary profit reached ¥1,056 million. Net income attributable to owners of parent was ¥689 million, a turnaround from the ¥414 million loss recorded in Q1 2016. Comprehensive income for the quarter was ¥737 million, reversing a ¥438 million loss in Q1 2016. Total assets increased to ¥13,119 million from ¥12,133 million year‑prior, with current assets up by ¥433 million largely due to higher trade receivables. Net assets grew to ¥9,880 million, reflecting a rise in retained earnings. The equity ratio remained stable at 75.1 %. Cash and deposits were ¥4,922 million, while accounts receivable stood at ¥2,440 million. Non‑current assets grew to ¥4,769 million, mainly from software in progress. The company issued a full‑year forecast for FY2017: revenue between ¥22,500 million and ¥17,500 million; operating income ranging from ¥2,900 million to ¥600 million; ordinary profit between ¥2,750 million and ¥450 million; and profit attributable to owners of parent from ¥1,750 million to ¥160 million. These ranges reflect uncertainty around new title launches and market conditions. No dividends were declared for FY2016 or FY2017, and the company maintained its dividend forecast at zero. The report covers Japan‑based operations under Japanese GAAP, with no significant changes in accounting policies or restatements noted.

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KLab

Report

Consolidated Financial Results for the First Quarter: Q1 2020

KLab Inc. reports a sharp contraction in its first‑quarter 2020 operating performance, driven by the COVID‑19 pandemic’s impact on consumer spending. Revenue rose modestly to ¥7,420 million from ¥6,468 million in the same period a year earlier, yet operating income collapsed to ¥37 million from ¥391 million, reflecting a 90.4 % decline. Ordinary income turned negative at ¥(83) million, and profit attributable to the parent fell to a loss of ¥(134) million versus a profit of ¥296 million in Q1 2019. Comprehensive income also swung to a loss of ¥(449) million from a gain of ¥434 million, largely due to a ¥121 million foreign‑exchange loss and a ¥26 million investment‑loss under the equity method. Total assets decreased to ¥22.7 billion from ¥23.7 billion, while net assets fell to ¥16.9 billion, maintaining an equity ratio of 66.6 %. Cash and deposits dropped to ¥5.9 billion, and current liabilities fell to ¥4.7 billion, reflecting a reduction in short‑term debt and accounts payable. The company’s share count remained stable at approximately 38 million shares, with no dividend declared for FY2020. The financial statements cover Japan exclusively under Japanese GAAP for fiscal year 2020, with data sourced from consolidated financial statements and supporting notes. No significant accounting policy changes were reported, and the company disclosed a subsequent event involving the disposal of treasury stock as restricted compensation in May 2020.

market-analysis investment mobile+1

KLab

Report

Summary of Financial Results for First 3 Quarters of Fiscal Year Ending December 2014: Japan

KLab Inc. reported consolidated financial results for the first three quarters of fiscal year 2014 (January 1–September 30, 2014). Revenue rose to ¥15.94 billion, a 46.4 % increase over the same period of FY2013, driven by strong sales of “Love Live! School Idol Festival” and “Celestial Craft Fleet.” Operating income reached ¥1.89 billion, ordinary income ¥1.99 billion, and net income ¥1.29 billion, marking the third consecutive quarter of record highs and a turnaround from a net loss in FY2013. Net income per share climbed to ¥38.16, up from a negative figure the previous year. Total assets increased to ¥11.58 billion, with current assets up by ¥2.89 billion largely due to cash and deposits; fixed assets declined slightly as rental deposits fell. Total liabilities dropped by ¥1.68 billion, mainly from reduced short‑term and long‑term loans, resulting in net assets of ¥8.56 billion and an equity ratio of 73.6 %. Capital stock and surplus grew substantially after new share subscriptions, while retained earnings turned positive. The company forecasts FY2014 revenue at ¥21.94 billion, operating income of ¥2.19 billion, ordinary income of ¥2.30 billion, and net income of ¥1.51 billion, assuming stable fourth‑quarter sales and a planned advertising spend of ¥1 billion. No dividends are expected for FY2014. The fiscal year change from August to December 31 was noted, and Mediaincruise Co., Ltd. was removed from consolidation after its absorption merger. The results reflect a robust recovery in the Japanese mobile gaming segment during 2014.

market-analysis investment mobile+1

KLab

Report

Consolidated Results Supplementary Information: Q3 FY3/26

Akatsuki Inc. reported a dramatic turnaround in Q3 FY3/26, with group‑wide sales surging 79 % YoY to ¥6,581 million and operating profit turning from a loss of ¥1,571 million to a gain of ¥1,338 million. The rebound is largely attributed to the Q2 release of “Kaiju No. 8 The Game,” which contributed three months’ worth of revenue, and the consolidation of two acquired entities that broadened the Games & Comics portfolio. Within this segment, sales climbed 62 % to ¥5,225 million and operating profit rose 113 % to ¥1,545 million. The Entertainment & Lifestyle segment also grew 77 % in sales to ¥750 million, driven by the inclusion of PAPABUBBLE and WOWs following Q2 acquisitions. AI/DX Solutions, newly integrated through Natee and Akatsuki AI Technologies, generated ¥600 million in sales but recorded a loss of ¥112 million. Net income for the quarter reached ¥1,003 million, a 288 % increase from the prior year’s loss of ¥673 million. Adjusted EBITDA expanded 82 % to ¥1,906 million, reflecting strong operating performance and effective cost management. Cash balances rose to ¥33,266 million, while total assets stood at ¥57,687 million. The company’s balance sheet remained solid with net assets of ¥43,092 million and total liabilities of ¥14,595 million. Methodologically, figures are presented in Japanese yen (millions) and include retroactive restatements from Q2 FY3/26 due to prior period errors. The report covers the entire Japanese market and global operations, focusing on Q3 FY3/26 with cumulative data for FY3/26 versus FY3/25.

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Akatsuki

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

Report

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.

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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.

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Akatsuki

Report

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.

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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.

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NEXON Co.

Integrated Report 2017

Financial Report: Q2 2021

Q1 2021 Financial Statement

Consolidated Financial Report: Q2 2020

Consolidated Financial Statement: Q1 2019

Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2020

Consolidated Financial Results for Q3 2019: Japan

Summary of Financial Results for Third Quarter of Fiscal Year Ending December 31, 2017

Notice Concerning Upward Revision of Earnings Forecasts for FY2017

Summary of Financial Results for First Quarter: Fiscal Year Ending December 31, 2017

Consolidated Financial Results for the First Quarter: Q1 2020

Summary of Financial Results for First 3 Quarters of Fiscal Year Ending December 2014: Japan

Consolidated Results Supplementary Information: Q3 FY3/26

Financial Results: Fiscal Year Ended March 2025

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