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FY2025 Presentation Material

October 2024 to September 2025 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 risks and uncertainties. 1. FY2025 Full Year Results (October 2024 -September 2025) 2. FY2026 Forecast (October 2025 -September 2026) 4. Internet Advertisement Business 6. Medium to Long-Term Strategy 7.

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CyberAgent

Report

Raport Bieżący nr 15/2022: Uchwała w sprawie wypłaty dywidendy za rok obrotowy 2021

The report announces that the ordinary general meeting of PCF Group S.A. held on 28 June 2022 approved the distribution of the company’s net profit for the fiscal year 2021. The meeting resolved to allocate a dividend of 8,086,561.02 zł (eight million eighty‑six thousand five hundred sixty‑one złoty and two groszy) to shareholders. Each share entitles the holder to a dividend of 0.27 zł (twenty‑seven groszy). The total number of shares eligible for the dividend is 29,950,226. The ex‑dividend date was set for 8 July 2022, with the payment scheduled for 3 August 2022. The decision follows Polish financial regulation §19(2) of the Minister of Finance’s 2018 decree on ongoing and periodic information required from issuers of securities. The report confirms that the dividend distribution is based on the company’s after‑tax net income for 2021, reflecting the board’s assessment of profitability and shareholder return policy. No further operational or strategic details are provided, as the document’s purpose is strictly informational regarding dividend allocation.

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PCF Group

Report

Partial Correction to FY2020 Consolidated Financial Results

Representative Director, CEO, and President (Corrections / Corrections of Numerical Data) Partial Correction to FY2020 Consolidated Financial CyberAgent, Inc. today announced a correction to part of the "FY2020 Consolidated Financial Results [Japanese GAAP]," which was disclosed on October 28, 2020. The details of the correction are as follows.

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CyberAgent

Report

FY2019 3Q Presentation: Financial Results

The presentation reports FY2019 Q3 financial results, highlighting net sales of ¥17.6 billion and operating income of ¥1.6 billion, both near forecasted targets with operating income exceeding expectations. Net sales were slightly impacted by one‑off events, reducing revenue by ¥390 million; after adjusting for these, organic sales were ¥17.25 billion and operating income ¥1.09 billion, indicating stable profitability despite a modest sales decline. Cost structure improvements—particularly reduced fixed costs through outsourcing and operational restructuring—offset higher advertising spend on overseas launches such as “Another Eden.” Geographically, the company expanded its overseas distribution footprint, launching self‑distribution in eight countries for “Another Eden” and achieving a 1.5× increase in daily active users following a global collaboration with “Date A Live.” Domestic and overseas sales volumes have converged, supporting the company’s strategy to balance core titles with new IPs. New first‑party IP “AFTERLOST” entered pre‑registration, with a planned end‑of‑fiscal‑year release in Japan, Hong Kong, and Taiwan. The live entertainment arm “REALITY” continues to grow its VTuber viewing app lineup, while media and advertising partnerships broaden content offerings. The Q4 forecast projects net sales of ¥17–18 billion and operating income of ¥1–1.5 billion, driven by anniversary events for flagship titles, ongoing overseas expansion, and the launch of “AFTERLOST.” The company maintains a stable investment level in promotions and development, anticipating future upside if new titles achieve hit status. The analysis is based on quarterly financial statements, operational metrics, and strategic rollout plans presented by senior management.

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GREE

Report

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.

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Bushiroad

Report

Q1 2022-2023 Sales Results: Confirmation of FY 2022-23 Targets

Nacon reported a 25.8 % increase in first‑quarter sales for the fiscal year 2022‑23, reaching €42.4 million compared with €33.7 million in the same period of 2021‑22. Video game sales surged by 126.2 %, totaling €27.6 million, driven largely by the launch of high‑profile titles such as *Vampire: The Masquerade® – Swansong*, *Pro Cycling Manager 2022* and *Tour De France 2022*. New‑catalogue activity rose to €14.9 million from €3.1 million, while back‑catalogue sales climbed 38.7 % to €12.7 million, aided by the consolidation of Daedalic Entertainment and expanded platform deals. Accessories sales fell 31.8 % to €14.0 million, impacted by a high base effect, console shortages and inventory readjustments. Despite this decline, Nacon gained U.S. market share in the gaming headset segment with its RIG 800 Pro and 300 Pro ranges. The company confirmed its full‑year targets of sales exceeding €250 million and operating income above €50 million for FY 2022‑23. Upcoming releases in Q2, including *Steelrising*, *Session Skate Sim* and *Train Life*, are expected to sustain momentum, with *The Lord of the Rings: Gollum* slated for the second half of the fiscal year. Nacon operates under the Bigben Group umbrella, leveraging a network of 23 subsidiaries and a global distribution presence across 100 countries.

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Nacon

Report

2025 Q1 Earnings Release

The release presents a quarterly financial snapshot for the first quarter of 2025, highlighting a sharp contraction in revenue and profitability across all segments. Total sales fell 31.1 % year‑over‑year to 122.9 billion KRW, driven by the absence of new mobile titles and a natural decline in long‑term service games. Mobile game revenue declined 41 % YoY to 96.1 billion KRW, while PC game sales rose 72 % YoY to 26.8 billion KRW, reflecting sustained traffic for “BattleGround” and deferred revenue from “POE.” Operating expenses contracted 17.5 % YoY to 135.3 billion KRW, largely due to reduced marketing spend and lower platform fees; however, operating profit turned negative for the first time in Q1 2025, reaching –124 billion KRW and an operating margin of –10.1 %. Net loss widened to –334 billion KRW, with shareholders’ equity declining as cumulative losses accumulated. Cash and cash equivalents dropped to 551 million KRW, while total assets remained around 3.16 trillion KRW, indicating liquidity pressure. The document covers the Korean market exclusively, covering Q1 2025 and referencing prior quarters for trend analysis. Data derive from consolidated financial statements prepared under Korean International Financial Reporting Standards, with a disclaimer that audit review is pending. The report lists planned new releases for 2025‑26, including action shooters and RPGs across mobile, PC, and console platforms. Overall, the company faces a challenging revenue environment, with significant operating losses and declining cash reserves, prompting a reassessment of its product pipeline and cost structure.

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Kakao Games

Report

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.

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Koei Tecmo

Report

Śródroczne skonsolidowane sprawozdanie finansowe: Q1 2022

(dane w tys. zł, chyba że zaznaczone inaczej) AL. SOLIDARNOCI 171 TEL +48 22 887 34 30 (dane w tys. zł, chyba że zaznaczone inaczej) Grupa Kapitałowa PCF Group Spółka Akcyjna – wybrane dane w przeliczeniu na EUR PLN EUR od 01.01 do od 01.01 do od 01.01 do od 01.01 do 31.03.2022 r. 31.03.2021 r. 31.03.2022 r. 31.03.2021 r.

investment europe game-development+1

PCF Group

Report

Raport Bieżący Nr 14/2025: Wstrzymanie prac deweloperskich nad projektem Gemini

PCF Group S.A. has officially suspended development work on Project Gemini, a title previously produced under a work-for-hire agreement with Square Enix Limited. This decision, effective June 1, 2025, follows the expiration of the existing content rider and the absence of a subsequent agreement to cover future production milestones. The cessation of operations stems from a lack of communication from the publisher regarding the project's status, creating significant uncertainty surrounding the publisher's intent to finalize the game. The scope of this development halt covers the European operations of the PCF Group, specifically impacting the contractual relationship established under the original production and publishing agreement. Given the publisher's failure to provide terms for continued development or clear guidance on the project's future, the management board currently views the prospect of ongoing collaboration on Project Gemini as highly doubtful. This strategic shift marks a definitive pause in the studio's involvement with the project as of mid-2025. The company has indicated that it will provide further updates as the situation evolves and more information regarding the status of the collaboration becomes available. The decision reflects the inherent risks associated with work-for-hire models when contractual renewals and publisher alignment are not secured in a timely manner.

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PCF Group

Report

Raport Bieżący nr 9/2025: Odpisy Aktualizujące Wartość Aktywów

PCF Group S.A. has initiated significant asset impairment charges for the 2024 fiscal year, reflecting a strategic reassessment of its development portfolio and subsidiary investments. These non-cash adjustments, which do not impact the company’s EBITDA, are designed to align the balance sheet with current financial realities as of December 31, 2024. The primary driver for these actions is the need to account for diminished asset valuations and funding uncertainties identified during the preparation of the annual financial statements. The most substantial impact stems from the Bifrost project, where a 100% impairment of capitalized development costs has been recorded. This decision follows an analysis indicating that the company cannot currently guarantee the necessary financing for the project’s continued production and eventual release. Consequently, the company will reduce its standalone financial results and fixed assets by 213,493 thousand PLN, and its consolidated results and assets by 154,964 thousand PLN. Despite this accounting measure, development work on Bifrost remains ongoing, and the company retains the possibility of reversing the impairment should future funding circumstances improve. Additionally, the company has addressed its investment in the subsidiary Incuvo S.A. due to a significant decline in the fair value of its shareholding. This includes a 73% impairment of the investment value, reducing standalone assets by 18,893 thousand PLN, and a 100% impairment of the goodwill allocated to Incuvo, which lowers consolidated assets by 18,061 thousand PLN. While the investment impairment is potentially reversible, the goodwill write-down is permanent. These figures remain subject to final audit verification and may be adjusted before the publication of the official 2024 financial statements.

investment europe

PCF Group

Report

Lista Proponowanych Zmian w Statucie Spółki: PCF Group S.A.

The proposed amendments aim to modernize and streamline the governance framework of PCF Group S.A., a Warsaw‑based company. Key changes focus on board composition, appointment procedures, and shareholder rights. The revised § 13 eliminates the former special voting rights of a single shareholder (SW) and replaces them with a uniform board appointment system governed solely by the supervisory board, which may designate at least one president or vice‑president. Board decisions now rely on simple majority voting, with the president’s vote decisive in ties, and representation rules are clarified for single‑member versus multi‑member boards. Compensation provisions remain but now allow separate remuneration contracts for advisory or game‑development services. Section 14 expands the board’s regulatory scope, adding a requirement for supervisory board approval of commitments exceeding 10 % of the company’s equity capital and for full intellectual‑property transfer of games. § 16 consolidates supervisory board appointments, removing the former group‑shareholder voting rights and establishing that all members are appointed by general meetings. The amendment to § 18 simplifies the audit committee’s composition, retaining independence criteria but dropping the explicit requirement for a shareholder‑appointed member. Finally, § 21 refines the process for filling vacancies in the supervisory board through co‑optation and clarifies the timing of approvals. Collectively, these changes reduce special shareholder influence, clarify decision‑making thresholds, and align governance practices with contemporary corporate standards. The amendments apply to the company’s Polish jurisdiction and affect all corporate governance segments, including board structure, supervisory oversight, and shareholder participation.

investment europe

PCF Group

Report

Financial Results for the Q3 of the Fiscal Year Ending March 2026

Financial results for the fiscal year ending March 2026 show a modest decline in consolidated sales, falling 1.6 % to ¥52,570 million from the previous year’s ¥51,729 million. Operating profit decreased by 3.3 % to ¥15,075 million, while ordinary and net profits fell 6.2 % and 5.5 %, respectively, reflecting a 1.6 % drop in entertainment‑business revenue and unchanged overall costs. Employment costs rose by ¥1,540 million, whereas outsourcing and advertising expenses fell slightly, keeping total cost trends flat. Segment analysis indicates a 2.5 % decline in entertainment sales, driven by weaker online/mobile performance; however, amusement‑facility revenue rose 10.8 % to ¥3,436 million, and real‑estate sales increased modestly. The company’s earnings forecast for FY25 remains unchanged: projected sales of ¥92,000 million (up 10.6 % from FY24), operating profit of ¥31,000 million (down 3.5 % from FY24), and net profit of ¥27,000 million (down 28.2 %). Dividend per share is projected at ¥43, a 28.3 % reduction from FY24. Methodology relies on consolidated financial statements and explanatory materials released via the corporate IR portal; data cover Japan‑based operations across entertainment, amusement, real estate, and other segments. The forecast assumes stable cost structures, no major temporary expenses, and an exchange rate of ¥140 per dollar. The company emphasizes a medium‑term strategy focused on expanding its title pipeline and strengthening human capital to support long‑term growth toward a top‑10 global position.

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Koei Tecmo

Report

Financial Results for the Q3: Fiscal Year Ending March 2026

The quarterly briefing outlines KOEI TECMO HOLDINGS’ financial performance for the third quarter of fiscal 2026, highlighting a modest decline in consolidated sales to ¥52.57 billion from ¥51.73 billion, a 1.6 % year‑on‑year drop driven primarily by weaker online and mobile segments. Operating profit fell to ¥15.08 billion, a 3.3 % decline, while ordinary and net profits decreased by 6.2 % and 5.5 %, respectively, reflecting higher employment costs offset by reduced variable expenses. Segment analysis shows entertainment sales contracted by ¥1.25 billion, whereas amusement and real‑estate units posted gains of ¥333 million and ¥34 million, respectively. The company’s earnings forecast for FY25 remains unchanged, projecting sales of ¥92 billion and operating profit of ¥31 billion, with a 28.2 % drop in net profit to ¥27 billion and a dividend reduction of 28.3 % to ¥43 per share. Cost trends indicate employment expenses rising by roughly 10 % annually, while outsourcing and advertising costs are lower than the initial FY25 forecast. New console/PC titles such as “NINJA GAIDEN 4” and “Hyrule Warriors: Age of Imprisonment” contributed to a 2.3 billion yen increase in that segment, whereas online/mobile sales declined by ¥3.8 billion despite the launch of two new mobile titles. The company emphasizes a balanced pipeline strategy, combining major releases with mid‑tier and licensed IPs to stabilize revenue streams. The outlook for Q4 focuses on multiple console/PC releases, including “Nioh 3,” and continued promotion of existing mobile titles, with advertising spend expected to rise but no significant new capital expenditures anticipated.

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Koei Tecmo

Report

Visibility Should Mean "Risk On"

Jan van Eck | Chief Executive Officer VanEck’s Macro Investing Philosophy Access • Government Spending (Fiscal) Opportunities • Monetary Policy – Affects Inflation and Interest Rates • What’s Different From Other Macro Approaches? − Historical perspective: Change can be rapid and dramatic, broad range of outcome scenarios − Longer-term – Focus on big trends, higher conviction if multi-decade extremes − Global context – not U.S.

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VanEck

Report

Consolidated Financial Results for the Three Months Ended June 30, 2025

The quarterly consolidated financial results for Koei Tecmo Holdings Co., Ltd. covering April 1 to June 30, 2025 show a sharp decline in operating performance compared with the same period in 2024. Net sales fell by 15.9 % to ¥14,800 million from ¥17,607 million, while operating profit dropped 37.5 % to ¥3,574 million from ¥5,723 million. Ordinary profit and profit attributable to owners of parent fell 53.1 % and 55.5 %, respectively, reaching ¥8,769 million and ¥6,072 million. Comprehensive income for the quarter was ¥16,495 million, a 14.1 % decrease from ¥19,202 million in the prior year. Total assets increased to ¥243,402 million from ¥209,828 million, driven mainly by higher property, plant and equipment and investment securities. Net assets contracted slightly to ¥187,119 million from ¥189,421 million, lowering the capital adequacy ratio to 76.5 % from 89.9 %. Shareholders’ equity fell to ¥175,579 million due largely to a decline in retained earnings. The company forecasts continued weakness for the fiscal year ending March 31, 2026. Six‑month net sales are projected to decline 14.8 % to ¥92,000 million, with operating profit expected to fall 53.1 % to ¥50,000 million and ordinary profit down 61.9 % to ¥80,000 million. Dividend policy remains unchanged, with a forecast of ¥43 million for the year ending March 31, 2026. Methodologically, the report follows Japanese GAAP and includes no changes in consolidation scope or accounting policy. The financial statements are presented in yen, with figures rounded to the nearest million.

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Koei Tecmo

Report

Consolidated Financial Results: FY2025 2nd Quarter Data Appendix

The consolidated financial appendix presents quarterly and annual performance for FY22 through FY25, focusing on sales, cost of sales, gross profit, SG&A, operating profit, and net profit across entertainment, amusement, real‑estate, and other segments. Sales peaked in FY25 Q4 at ¥28,978 million, driven largely by the entertainment segment (¥27,619 million), while cost of sales rose proportionally, resulting in a gross profit margin decline from 62 % in FY22 Q1 to 30 % by FY25 Q2. Operating profit fluctuated, with a notable dip in FY24 Q3 (¥4,673 million) before rebounding to ¥16,139 million in FY25 Q4. Net profit followed a similar pattern, reaching ¥17,458 million in FY25 Q4 after a negative result in FY24 Q3. Segment analysis shows entertainment consistently dominates revenue, contributing over 90 % of total sales, with amusement and real‑estate providing modest but stable contributions. Geographic revenue distribution indicates Japan remains the largest market (≈49 % of total sales), followed by North America and Asia excluding Japan, with overseas ratios ranging from 35 % to 55 %. Headcount grew from 2,413 employees in FY22 Q1 to 2,873 by FY25 Q4, reflecting expansion. Capital expenditure totals ¥789 million in FY22 and increased to ¥1,967 million in FY24, with real‑estate and equipment investments comprising the bulk. Digital sales maintain a high digital ratio (≈70 %) and online/mobile units account for 60–80 % of total sales units, underscoring a strategic shift toward digital platforms. Overall, the data illustrate robust revenue growth driven by entertainment titles, moderate margin compression due to rising costs, and a strategic emphasis on digital distribution across multiple regions.

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Koei Tecmo

Report

FY2025 1st Quarter Data Appendix: Koei Tecmo

Koei Tecmo’s FY2025 first‑quarter financial appendix presents consolidated performance for the fiscal year 2024, with comparative data through FY2023 and projections to FY2025. Sales rose from ¥18.7 billion in Q1 2024 to ¥21.4 billion in Q1 2025, driven by a 20% increase in the Entertainment segment and a 30% rise in the Amusement division. Gross profit improved to ¥15.3 billion, reflecting a higher gross margin of 82% versus 78% in the prior year. Operating profit climbed to ¥11.7 billion, with SG&A costs rising modestly to ¥3.6 billion as marketing spend increased in the online and mobile sectors. Segment analysis shows Entertainment sales of ¥17.8 billion, Amusement ¥0.6 billion, Real Estate ¥0.3 billion, and Other ¥0.08 billion in Q1 2024, with Entertainment maintaining the largest share at 95%. Regional revenue distribution highlights Japan as the leading market (¥9.1 billion, 49% of total), followed by North America (¥2.7 billion) and Asia excluding Japan (¥6.0 billion). Overseas sales accounted for 51% of total revenue, up from 46% in the previous year. Capital expenditures totaled ¥789 million for FY2024, with real estate and equipment investments of ¥526 million and ¥263 million respectively. Depreciation expense reached ¥1.6 billion, consistent with prior periods. The appendix also details major series performance, noting that “Dynasty Warriors” and “Nobunaga’s Ambition” collectively exceed 30 million units sold, while online/mobile titles such as “DEAD OR ALIVE Xtreme Venus Vacation” and “Romance of the Three Kingdoms: Hadou” have sustained multi‑year service periods. Overall, Koei Tecmo demonstrates steady growth across core entertainment offerings, with strategic emphasis on digital and mobile platforms to sustain revenue momentum.

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Koei Tecmo

Report

Consolidated Financial Results: Nine Months Ended December 31, 2024

Koei Tecmo Holdings reported consolidated financial results for the nine months ended December 31, 2024 under Japanese GAAP. Net sales fell 14.0 % to ¥52,570 million from ¥61,136 million in the same period a year earlier, reflecting weaker demand for its gaming and entertainment products. Operating profit declined 25.8 % to ¥15,075 million from ¥20,316 million, while ordinary profit remained relatively stable at ¥33,144 million versus ¥33,825 million. Profit attributable to owners of parent decreased 3.6 % to ¥25,161 million from ¥24,283 million, with basic earnings per share rising modestly to ¥79.67 from ¥76.95. Total assets contracted 2.8 % to ¥238,377 million, driven by a reduction in current assets and a modest increase in property, plant, and equipment. Net assets rose 10.3 % to ¥195,702 million, improving the capital adequacy ratio from 71.1 % to 81.7 %. The equity base increased by ¥20,013 million, supported by retained earnings growth and a slight rise in treasury shares. Dividend policy remained unchanged for fiscal year 2025, with no forecasted dividend changes. The company projected full‑year net sales of ¥90 000 million, operating profit of ¥30 000 million, ordinary profit of ¥40 000 million, and attributable profit of ¥30 000 million, representing modest year‑on‑year increases in sales and operating metrics. Methodologically, the report relied on consolidated financial statements prepared under Japanese GAAP with no significant changes in consolidation scope or accounting policies. The data cover the Japanese market, covering gaming and entertainment segments for the period April 1–December 31, 2024.

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Koei Tecmo

Report

Koei Tecmo Holdings Financial Summary: FY2024 3Q

Koei Tecmo Holdings reported FY2024 Q3 results, showing a 17.6 % decline in consolidated sales to ¥14,677 million versus ¥16,109 million in Q2 and a 25.4 % drop from the same period in FY2023. Gross profit fell to ¥8,392 million, reflecting higher cost of sales (¥6,285 million) and a lower gross margin of 32 % compared with 41 % in Q2. Operating profit contracted to ¥4,673 million (profit ratio 32 %) from ¥6,664 million in Q2 and 41 % in FY2023 Q3. Ordinary profit turned negative for the first time in the quarter, at ¥(787) million, largely due to a ¥5,461 million non‑operating loss. Net profit was ¥(171) million, a reversal from the ¥6,898 million gain in Q2. Segment analysis indicates entertainment sales dominated at ¥13,515 million (92 % of total), with console/PC and digital downloads each contributing roughly ¥5–6 million. Amusement revenue remained modest at ¥794 million, while real‑estate income was negligible. Regional sales were strongest in Japan (¥7,890 million) and Asia excluding Japan (¥5,232 million), with North America and Europe contributing ¥1,087 million and ¥468 million respectively. Expenses rose in cost of sales (¥6,285 million) and SG&A (¥3,718 million). Employment costs increased to ¥5,200 million, and outsourcing expenses climbed to ¥1,400 million. Digital download units accounted for 75 % of total sales units in Q3, up from 73.9 % in Q2, indicating a continued shift toward digital channels. Headcount remained steady at 2,400 employees. Capital expenditures for FY2024 were ¥1,967 million, with real‑estate investment at ¥1,631 million and depreciation expense at ¥1,776 million. The data cover the Japanese market and overseas regions for FY2024 Q3, with comparative figures from FY2023.

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Koei Tecmo