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Notice Concerning the Revision of Earnings Forecasts and Extraordinary Loss

KLab Inc. has revised its consolidated earnings forecasts upward for the third quarter of the fiscal year ending December 2014, covering the nine-month period from January 1 to September 30, 2014. This adjustment reflects a significant improvement in financial performance compared to both previous projections and the prior year’s results. The primary drivers for this growth are the strong sales performances of the mobile titles Love Live! School Idol Festival and Celestial Craft Fleet. These titles have propelled revenue and income levels beyond initial expectations, signaling a robust period for the company’s gaming operations within the Japanese market. The revised figures indicate that revenue is expected to reach 15,940 million yen, a 2.3% increase over previous projections. More notably, profitability metrics show substantial gains, with operating income adjusted upward by 45.9% to 1,891 million yen and ordinary income rising 54.6% to 1,999 million yen. Net income is now forecasted at 1,290 million yen, representing a 25% increase from the prior estimate. This performance marks a dramatic turnaround from the same period in 2013, where the company reported significant losses across all income categories. Despite the overall positive trajectory, the company recognized an extraordinary loss during this period. This loss, totaling 98 million yen, stems from an impairment loss following a revaluation of the profitability of fixed assets within the gaming division. While this charge impacted the final net income figure, the underlying strength of the core mobile gaming portfolio was sufficient to offset the loss and justify the upward revision of the total fiscal outlook. These results underscore the volatility and high-growth potential of the mobile gaming segment during this specific market era.

market-forecast investment japan+1

KLabNov 2014

market-forecast investment market-analysis+2

Notice Concerning the Revision of Earnings Forecasts

KLab Inc. has significantly revised its consolidated mid-term earnings forecasts for the fiscal period ending December 31, 2014, reflecting a substantial improvement in financial performance compared to previous projections. The updated guidance covers the six-month period from January 1 to June 30, 2014, and indicates a transition from the net losses recorded during the same period in 2013 to a position of profitability. Revenue expectations have been raised to 9.58 billion yen, representing a 7.4% increase over the prior forecast. More notably, operating income and net income projections have been adjusted upward by 222.2% and 283.7% respectively, with net income now expected to reach 541 million yen. The upward revision is primarily driven by the strong market performance of key mobile gaming titles. Both the domestic and international versions of Love Live! School Idol Festival, alongside Celestial Craft Fleet, experienced significant sales growth during the period. These revenue gains were further bolstered by disciplined internal cost management. The company successfully reduced expenditures related to outsourcing and personnel beyond its initial targets. Additionally, management implemented a strategic reallocation of marketing resources by curtailing promotional spending on titles that failed to meet specific performance benchmarks, such as player persistence rates and average revenue per user. This financial outlook demonstrates a successful turnaround for the Tokyo-based developer following a challenging 2013 mid-term period that saw a net loss of 597 million yen. By optimizing its portfolio and focusing on high-performing assets while streamlining operational costs, the company has improved its earnings per share forecast from a loss of 4.15 yen to a profit of 16.40 yen. While these figures represent the most accurate estimates available as of August 2014, actual results remain subject to fluctuations in the competitive mobile gaming market and shifting consumer trends.

KLabAug 2014

market-forecast investment japan

FY 2013 Second Quarter Financial Results

The second quarter of fiscal year 2013 marks a period of strategic transition, characterized by a return to quarter-on-quarter revenue growth alongside a significant downward revision of full-year forecasts. Net sales reached 39,407 million yen, a 4% increase over the previous quarter, driven by the consolidation of Pokelabo, Inc. and a recovery in coin consumption within the Japanese market. However, year-on-year performance showed a decline, with net sales down 5% and operating profit falling 37% to 14,258 million yen. This contraction is attributed to the ongoing shift from feature phones to smartphones, which has led to declining legacy advertising revenue and increased costs associated with aggressive marketing and labor. The geographic scope of these results covers Japan and global markets, specifically North America, Europe, and South Korea. In Japan, coin consumption rose across both third-party and in-house titles, particularly within the growing native app segment. Internationally, monthly coin consumption began an upward trend in October 2012, supported by the success of titles like Modern War in the United States. Despite these gains, the full-year outlook was revised downward by approximately 17-18% for sales and 29-32% for profits due to the postponement of several major titles and lower-than-expected KPIs for overseas games. Future strategy focuses on accelerating the transition to a global social gaming leader by investing heavily in smartphone-native content and new genres beyond traditional card battle games. Management plans to utilize efficient marketing to balance lifetime value against installation costs while strengthening compliance and user safety through enhanced monitoring systems. These upfront investments in development and customer support are intended to drive a recovery in sales and profit growth beginning in fiscal year 2014.

GREEFeb 2013

Financial Highlights for the 1st Half of the Fiscal Year Ending March 2013

Tecmo Koei Holdings demonstrated steady financial growth during the first half of the fiscal year ending March 2013, characterized by significant improvements in profitability despite relatively flat top-line revenue. Net sales for the six-month period reached 13,724 million yen, representing a modest 0.7% increase compared to the same period in the previous year. However, operating income rose sharply by 26% to 897 million yen, while net income saw a substantial 34.5% year-over-year increase to 554 million yen. This performance suggests improved operational efficiency and a more profitable product mix during the first half of the year. The game software segment remained the primary driver of the business, contributing 8,820 million yen in sales. While segment sales saw a marginal decline of 1%, its operating income surged by 69.1%, indicating high margins on core software titles. In contrast, the online and mobile segment experienced a downturn, with sales falling 16.6% and operating income dropping 52.9%. This decline was offset by exceptional growth in the pachislot and pachinko segment, which saw sales nearly double with a 98.9% increase, and the media and rights segment, which grew by 21.4%. Looking toward the full fiscal year, projections remain optimistic with an anticipated 9.8% increase in total net sales to 39,000 million yen. The company expects a significant recovery in the online and mobile sector and continued strength in game software to drive a forecasted 21.6% increase in annual operating income. These consolidated financial results reflect a diversified entertainment portfolio across game development, digital content, and physical amusement facilities, primarily focused on the Japanese market during the 2011 to 2013 fiscal periods.

Koei TecmoJan 2013

Financial Results for the Second Quarter of the Fiscal Year Ending on June 30, 2012

This financial report details GREE, Inc.’s performance for the second quarter of the fiscal year ending June 30, 2012. The primary thesis centers on the company’s aggressive transition into a global mobile social gaming powerhouse, driven by the integration of the GREE and OpenFeint platforms. By December 2011, the group reached a global registered user base of 189.2 million, with international users significantly outnumbering the domestic Japanese audience, which accounted for 15.3% of the total. Financial results for the quarter show record-breaking growth. Net sales reached 41.5 billion yen, representing a 190% year-over-year increase, while operating profit rose 225% to 22.5 billion yen. This performance was fueled by the steady monetization of smartphone services and a robust portfolio of both in-house and partner games. Paid service sales remained the dominant revenue driver, growing 39.2% quarter-over-quarter. Consequently, the company upwardly revised its full-year 2012 forecasts, projecting net sales between 160 and 170 billion yen. The strategic focus remains on global infrastructure and smartphone expansion. GREE established nine global offices and formed capital alliances, such as with Mobicle in South Korea, to bolster development capabilities. The company is preparing to launch a unified global platform in the fourth quarter of 2012, supported by a diverse content lineup from major partners like Capcom, Konami, and Square Enix. Methodologically, the report utilizes consolidated financial data and internal user metrics to track growth across Japan, North America, Europe, and Asia, while emphasizing a commitment to platform safety through 24-hour monitoring and age-based restrictions.

monetization market-forecast global+2

GREEFeb 2012

market-forecast player-demographics spain

El Futuro del Videojuego: Informe de Resultados (España)

The study set out to explore how Spanish video‑game players envision the medium’s evolution, focusing on genre development, social dimensions, technological advances, and the role of online and mobile gaming. It surveyed internet users aged 14‑44 who play at least once a month, using a quota‑based online questionnaire administered to a nationally representative sample of 332 respondents, with a 95 % confidence level and a 5.2 % margin of error. The sample reflects the regional distribution of Spain and is balanced by gender and three age brackets. Findings show that gaming is as routine as sport or social outings, with 56 % of participants engaging in video games several times a week. Men play more frequently than women (65 % versus 42 % regular play). A striking 90 % anticipate that by 2020 gaming will be ubiquitous across all ages, including grandparents, and 78 % expect it to become highly social, with solitary play becoming rare. Nearly nine out of ten respondents believe most games will be rendered in 3D and that conventional controllers will be replaced by motion‑detecting devices, while older players (35‑44) express the strongest confidence in full‑immersion virtual reality. The most appealing VR scenarios involve traveling to fantastical locations and learning new skills, interests that are especially pronounced among women, whereas men favor sports‑oriented experiences. Respondents also foresee extensive non‑gaming uses for VR, such as surgical simulation, virtual real‑estate tours, e‑commerce, and education from primary to university levels. Regarding online play, 72 % predict increased activity, with men leaning toward competitive environments and women toward social interaction. Parallel trends include a rise in home‑based cinema, social‑media use, and overall digital entertainment.

ADeSeJun 2010

market-forecast player-demographics player-behavior+1

¿Cómo Se Proyecta el Videojuego del Futuro?: España

The study commissioned by ADESE explores how video games are expected to evolve, focusing on technological, social and market dynamics and projecting scenarios up to 2025. It seeks to understand current player behaviours, perceived barriers to online play, and the aspirations of different user segments for future gaming experiences. Research combined three perspectives—regular gamers, industry experts and parents—through focus groups organized by Buzz Research. Participants were grouped by age (16‑18, 19‑23 and 25‑35) and by playing profile, distinguishing hardcore players, casual players and an emerging “Cani” segment that blends moderate skill with regular play. Findings reveal that hardcore gamers dominate online activity but still rely heavily on offline play, while casual players show limited interest in online modes due to slow connections, language obstacles, trust issues and unfamiliar payment models. Parents mirror casual attitudes, valuing online interaction mainly for its social companionship. Projected developments for the medium term (around 2015) include cloud‑based distribution, motion‑sensing controls, high‑definition 3D graphics and AI‑driven personalization, with an emphasis on cross‑device compatibility. Long‑term visions (2020‑2025) anticipate immersive virtual‑reality environments, multisensory holographic interfaces, voice‑controlled menus and highly customizable controllers, suggesting a shift toward fully online ecosystems and digital‑only delivery. Experts anticipate that 100 % of future games will be online, driven by anti‑piracy incentives, streamlined matchmaking, enhanced security and ubiquitous broadband. Beyond entertainment, respondents agree that gaming technology will expand into education, senior‑care, professional training and therapeutic applications, leveraging interactive simulations for language learning, psychomotor skill development, conflict resolution and cognitive rehabilitation. The overall outlook combines cautious optimism about technological breakthroughs with recognition of current infrastructural and cultural hurdles that must be addressed for widespread adoption.

AEVIJan 2010

Financial Highlights for the 1st Quarter of FY2010

Tecmo Koei Holdings experienced a challenging start to the fiscal year ending March 2011, reporting significant year-over-year declines across its primary business segments during the first quarter. Net sales for the period fell by 23.5% to 5,332 million yen, down from 6,970 million yen in the previous year’s first quarter. This downturn contributed to an operating loss of 833 million yen and a net loss of 331 million yen, reflecting a period of contraction compared to the prior year’s performance. The Game Software segment, the company’s largest division, was the primary driver of this decline, with sales dropping 32.3% to 2,990 million yen and operating losses widening to over 1 billion yen. Similarly, the Online and Mobile segment saw a 29.3% decrease in revenue. In contrast, smaller divisions such as Media and Rights and Pachislot and Pachinko showed resilience, posting year-over-year sales growth of 18.8% and 36.1% respectively. The Pachislot and Pachinko segment was particularly notable for more than doubling its operating income to 345 million yen during the quarter. Despite the weak first-quarter results, the financial outlook for the full fiscal year remains optimistic. Projections suggest a recovery with total net sales expected to reach 36,500 million yen, representing a 5.8% increase over the previous full year. Most significantly, the company forecasts a substantial turnaround in profitability, targeting an operating income of 5,000 million yen—a 680% increase over the prior year’s total. This recovery is predicated on a strong rebound in the Game Software segment and continued growth in the Pachislot and Pachinko business, suggesting a back-heavy release schedule or anticipated operational efficiencies for the remainder of the year.

Koei TecmoJan 2010

Q1 2026 Trader Client Sentiment Report

The Q1 2026 Trader Client Sentiment Report provides an analysis of investor outlooks, risk appetites, and strategic priorities among active traders. The primary thesis indicates that while bullish sentiment remains prevalent, it has experienced a modest decline compared to the end of 2025. Traders are currently navigating a landscape defined by geopolitical uncertainty and domestic political concerns, yet they maintain a high degree of confidence in their ability to manage their portfolios and execute investment decisions. Key findings reveal that over half of the surveyed traders maintain a bullish outlook, though this sentiment has softened by five percentage points since Q4 2025. Information Technology experienced the most significant drop in sector sentiment, while Energy, Utilities, and Materials remain the most favored sectors. Growth, Artificial Intelligence, and value stocks are identified as the top investment priorities for the quarter. Despite concerns regarding potential market corrections and macroeconomic instability, 47% of traders describe themselves as risk-seeking, with 83% expressing a high likelihood of buying into market dips over the next three months. The research is based on a survey of 2,121 active traders conducted between January 20 and January 27, 2026. The sample consists of Charles Schwab clients with at least $2,000 in retail assets, weighted by life stage and affluence to ensure a representative view of the active trader segment. The geographic scope is focused on the U.S. market, capturing sentiment during a period of heightened focus on federal policy, interest rates, and global economic conditions. The data underscores a resilient investor base that, despite identifying geopolitical conflict and market volatility as primary risks, remains committed to active participation in equity markets.

Charles Schwab

Notice Concerning the Revision of Earnings Forecasts and Extraordinary Loss

KLab Inc. revised its consolidated third‑quarter earnings forecast for the December 2014 fiscal term, raising revenue from ¥15.585 billion to ¥15.940 billion (a 2.3 % increase), operating income from ¥1.296 billion to ¥1.891 billion (45.9 % rise), ordinary income from ¥1.293 billion to ¥1.999 billion (54.6 % rise), and net income from ¥1.032 billion to ¥1.290 billion (25.0 % rise). The updated earnings per share climbed from ¥30.22 to ¥38.16. These adjustments reflect stronger sales of the Love Live! School Idol Festival and Celestial Craft Fleet titles, which exceeded prior expectations. The company also disclosed an extraordinary loss of ¥98 million in the same period, attributable to a revaluation impairment of fixed assets related to its gaming operations. This loss reduced net income relative to the previous period’s earnings of ¥10.891 billion, but the revised forecast still projects a net profit of ¥1.290 billion for Q3 2014. The revision is based on information available at the time of release, with a caveat that actual results may vary due to market conditions or sales trends. The notice covers the Japanese domestic gaming segment for the period January 1–September 30, 2014, and is issued by KLab’s CEO Tetsuya Sanada with contact details provided for investor inquiries.

KLab

Notice Regarding Variance in Performance Forecast

The notice informs shareholders that the second‑quarter cumulative performance for fiscal year 2028 (April 1 – September 30, 2027) differs from the previously issued forecast for fiscal year 2027. For the consolidated entity, revenue fell by ¥152 million (10.9 %) to ¥1,244 million, operating profit dropped by ¥58 million, while net income attributable to parent shareholders rose by ¥13 million due to a stronger yen‑depreciation effect. The individual subsidiary’s revenue declined by ¥65 million (15.3 %) to ¥363 million, with a modest increase in net profit of ¥4 yen per share. The primary causes cited are lower domestic sales volumes for newly released titles and a weaker yen that boosted foreign‑currency gains. Operating profit was impacted mainly by the sales shortfall, whereas ordinary and net profits benefited from favorable exchange movements. The company maintains its full‑year 2028 outlook unchanged, projecting consolidated revenue of ¥4,774 million (9.9 % decline YoY), operating profit of ¥81 million (up from a prior loss of ¥274 million), ordinary profit of ¥154 million, and parent‑shareholder net income of ¥31 million. For the individual entity, revenue is expected at ¥1,081 million (23.8 % decline), ordinary profit of –¥118 million, and net income of –¥121 million. The forecast reflects current information as of the notice date, with a disclaimer that future results may vary.

Nippon Ichi Software

Ram HD 3500: FY 2025 Guidance

The first quarter of 2025 for Stellantis was characterized by a challenging commercial transition, resulting in a 9% decline in consolidated shipments to 1.2 million units and a 14% decrease in net revenues to €35.8 billion. These results were primarily driven by lower production volumes in North America due to extended holiday downtime, product transition impacts, and price normalization. Despite these headwinds, the company reported early signs of recovery, including a 190-basis-point sequential increase in EU30 market share and an 82% year-over-year surge in U.S. retail order intake for March 2025. The company is currently executing a significant product wave, featuring the launch of 20 all-new or upgraded nameplates, including refreshed Ram 2500 and 3500 trucks. However, due to heightened uncertainties regarding evolving tariff policies and their potential impact on the competitive environment, management has suspended its 2025 financial guidance. The company is actively managing these risks by calibrating production, engaging with North American government officials, and adjusting inventory levels to protect profitability. Geographically, performance varied significantly across regions. North America faced a 25% decline in net revenues, while Enlarged Europe saw a 3% decrease. Conversely, South America demonstrated resilience with a 6% revenue increase and maintained a market share of 23.8%. The company continues to monitor market pricing trends and is re-assessing capital spending plans to navigate the current volatility. This report reflects a strategic focus on stabilizing core operations while managing the transition toward a modernized product portfolio amidst a complex global trade landscape.

Stellantis

market-analysis market-forecast game-publishing+5

Summary of main questions and answers at the FY2019 First Quarter GREE results briefing held on October 26, 2018 PDF

The briefing clarified GREE’s strategic outlook for FY2019, emphasizing a steady domestic game portfolio while pursuing growth overseas. In Japan, the company expects no major shift in performance for existing titles but plans to broaden multiplatform distribution and launch new releases in the second half of FY2019, projecting an earnings uptrend. Internationally, GREE is developing and self‑distributing overseas versions of current titles, targeting markets with high profitability potential. Human resource allocation reflects this focus: sufficient staff are dedicated to overseas distribution and new title development, while existing titles receive concentrated support for top performers and operational stability for less successful ones. China is identified as a priority market, with preparations underway to initiate operations and marketing. The company also highlights the Facebook Messenger platform as a high‑potential channel for new titles, indicating an expansion into social media gaming. Advertising strategy will be selective; overseas launches of self‑distributed titles will receive targeted, efficient campaigns rather than broad mass media spend. Regulatory compliance and consumer protection are addressed through company‑wide measures to prevent gacha system issues, including strengthened evaluation protocols and employee training. The REALITY livestreaming platform for VTubers is in an exploratory phase, with ongoing data collection on technology, planning, and marketing to build know‑how for future content expansion. Overall, GREE’s FY2019 strategy balances domestic stability with aggressive international diversification and platform innovation.

GREE

market-analysis market-forecast japan

Financial Results for the First Half: Fiscal Year Ending March 2026

Koei Tecmo Holdings reported first‑half fiscal 2026 results, showing sales of ¥35.2 billion and operating profit of ¥10.7 billion, both surpassing the company’s initial forecasts but falling 11.2 % and 25.2 % respectively compared with the same period in FY24. Net profit declined 15.7 % to ¥13.5 billion, driven mainly by a contraction in the online and mobile entertainment segment; repeat sales of existing titles offset declines in new releases. Labor costs rose, yet variable and outsourcing expenses fell, improving operating efficiency. Segment analysis revealed a 12 % drop in entertainment sales to ¥28.5 billion, while amusement and real‑estate units grew modestly (¥2.3 billion and ¥635 million respectively). The “Other” segment recorded a loss of ¥320 million, reflecting venture‑capital management costs. Forecasts for FY25 maintain a conservative outlook: projected sales of ¥92 billion, operating profit of ¥31 billion, and net profit of ¥27 billion, with a dividend per share of ¥43. The company expects the second half to benefit from new title launches scheduled for Q3 onward. The presentation also covered corporate governance and compliance, noting a successful treasury‑share disposal in September 2025 that raised tradable shares to 37.3 %, meeting Tokyo Stock Exchange Prime Market criteria. Strategic highlights include the fourth medium‑term plan, “Creating a Foundation for Growth,” targeting cumulative operating income of ¥100 billion over three years and a single‑year profit goal of ¥40 billion. Emphasis is placed on balanced pipeline development, multi‑platform releases, and global expansion through strengthened overseas marketing and publishing partnerships. The IP division’s focus on licensing and merchandise, particularly for the Atelier series, aims to diversify revenue streams and enhance brand value worldwide.

Koei Tecmo

market-analysis market-forecast metaverse+1

Full-Year FY2025 Financial Results Briefing

GREE Holdings delivered a full‑year FY2025 briefing that highlighted robust profitability across its four operating segments—Game, Metaverse, IP, and DX—while outlining strategic investment plans for FY2026 and beyond. Net sales reached ¥53.8 billion with operating profit of ¥5.3 billion and EBITDA of ¥5.6 billion, meeting forecasted targets; consolidated results stood at ¥57.1 billion in sales and ¥4.9 billion operating profit. The company projects FY2026 net sales of ¥58.1 billion and operating profit of ¥3.6 billion, anticipating growth primarily from the Metaverse and DX businesses, while Game investments are expected to suppress short‑term profitability. Segment analysis shows the Metaverse business achieving a 10 % YoY sales increase but declining operating profit due to one‑off VTuber talent costs; the Game segment posted ¥9.1 billion in 4Q sales and a 18 % operating margin, with future revenue driven by new titles such as *That Time I Got Reincarnated as a Slime: ISEKAI Memories*. The IP business shifted focus to proprietary anime licensing and merchandising, recording a temporary loss in 4Q but forecasting recovery. The DX segment maintained flat sales at ¥1.75 billion, with consulting profits aligning forecasts while solutions investments temporarily eroded margins. Financial discipline remains strong; equity ratio targets of 60 % and debt‑to‑EBITDA below 6× were exceeded. Dividend policy will pay ¥14.5 per share, combining a regular ¥4.5 and commemorative ¥10 share payout for the company’s 20th anniversary. Investment activities, particularly in cryptocurrency and fund management, showed volatility but a stable long‑term cumulative profit. The firm plans to increase LP investment ratios and target an ROIC of ~10 % by FY2030, maintaining a balanced portfolio while pursuing growth in its core entertainment and technology businesses.

GREE

market-analysis market-forecast advertising+1

FY2023 Presentation Material

October 2022 to September 2023 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. FY2023 Full Year Results (October 2022-September 2023) 2. FY2024 Forecast (October 2023-September 2024) 3. Internet Advertisement Business 6. Medium to Long-Term Strategy 7.

CyberAgent

market-analysis market-forecast monetization+3

FY2013 Second Quarter Financial Results

The quarterly financial release outlines a mixed performance for FY2013 second quarter, with net sales rising 4 % QoQ to ¥39.4 billion but falling 5 % YoY, while EBITDA and operating profit declined sharply by 6 % and 9 %, respectively. Net profit remained flat QoQ at ¥9.0 billion but dropped 29 % YoY, reflecting higher costs and a one‑time currency gain. Consolidation of Pokelabo in October contributed to the QoQ sales growth, and the company noted a 35 % increase in cost of sales driven by higher labor and advertising expenses, alongside a 60 % rise in depreciation. Geographically, Japan remains the core market; coin consumption grew QoQ by 600 million coins, with strong performance in native titles such as “Driland” and IP‑based releases. Overseas coin consumption has been rising monthly since October, with new in‑house and co‑branded games expected to contribute from Q3 onward. The company plans aggressive smartphone investments in H2, targeting hit titles across new genres (MMO, FPS) and leveraging efficient marketing to balance lifetime value against cost per install. The revised FY2013 forecast reflects a downward revision of net sales to ¥170 billion (−17.9 % from prior forecast) and operating profit to ¥60 billion (−32.4 %). The outlook hinges on postponed releases in H2 and continued hiring to support smartphone growth, with anticipated increases in customer‑support and compliance costs. Overall, the report signals a strategic pivot toward diversified game genres and international expansion while managing cost pressures in a competitive mobile gaming landscape.

GREE