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game-publishing mergers-acquisitions investment+2

Current Report No. 46/2025: Satisfaction of the Condition Precedent in the Agreement with Square Enix Limited

PCF Group S.A. has successfully satisfied the condition precedent established in its November 2025 agreement with Square Enix Limited regarding the development of project Gemini. By delivering and receiving formal verification of the required closing kit, the company has triggered the final legal and financial provisions governing the termination of its partnership with the London-based publisher. This milestone marks the formal conclusion of the collaborative development phase for the project. The fulfillment of these conditions results in the immediate dissolution of two primary production and publishing agreements: the August 2020 contract concerning project Gemini and the February 2016 contract concerning project Madness. Both parties have committed to finalizing all outstanding financial settlements for project Gemini according to a pre-established schedule. Furthermore, the agreement includes a mutual waiver of all potential claims arising from the historical cooperation between the two entities. This development effectively concludes the formal business relationship between PCF Group and Square Enix regarding these specific titles. The resolution provides a clear path for final accounting and the cessation of contractual obligations, allowing both parties to move forward without the burden of ongoing litigation or unresolved claims related to their previous development efforts.

PCF Group

Consolidated Financial Results for the Six Months Ended September 30, 2018: Japan

The consolidated financial results for mixi, Inc. cover the six‑month period from April 1 to September 30, 2018, and provide a forecast for the fiscal year ending March 31, 2019. Net sales fell 23.8 % to ¥71,044 million from ¥93,256 million in the same period a year earlier, while operating income dropped 43.9 % to ¥20,723 million and ordinary income declined 44.0 % to ¥20,787 million. Profit attributable to owners of the parent decreased 48.6 % to ¥12,924 million, and basic earnings per share fell from ¥319.66 to ¥169.87. Comprehensive income for the six months was ¥13,465 million, a 46.4 % decline from ¥25,128 million the prior year. Total assets were ¥187,788 million at September 30, 2018, down from ¥192,123 million a year earlier, while net assets stood at ¥169,737 million, giving an equity ratio of 90.1 %. Treasury shares increased to ¥10,905 million due to a repurchase of 2.8 million shares and issuance of 143,800 shares via options, raising the treasury share balance by ¥9,455 million. The forecast for FY2019 projects net sales of ¥155,000 million (down 18.0 %) and operating income of ¥42,000 million (down 42.0 %). Dividend guidance was revised, with a total quarterly dividend of ¥120 million for the fiscal year ending March 31, 2019. The report notes no changes in significant subsidiaries or accounting policies and confirms that the company’s segment classification was updated to “Entertainment” and “Lifestyle” in Q2 2018. The financial statements are prepared under Japanese GAAP, with no audit by a certified public accountant for this quarterly filing.

mixi

Consolidated Financial Results for the Nine Months Ended December 31, 2017

Consolidated financial results for mixi, Inc. cover the nine‑month period from April 1 to December 31 2017, with a forecast for the full fiscal year ending March 31 2018. Net sales declined 5.3 % to ¥135,436 million, operating income fell 15.3 % to ¥47,858 million, and profit attributable to owners of the parent dropped 35.3 % to ¥25,126 million. Comprehensive income for the period was ¥25,115 million, a 35.3 % decrease from the prior year’s ¥38,790 million. Earnings per share fell to ¥320.33 (basic) and ¥319.61 (diluted). Total assets remained stable at ¥176,315 million, while net equity rose to ¥153,791 million, giving an equity ratio of 86.9 %. The company’s dividend policy remained unchanged; no dividends were declared for the fiscal year ending March 31 2018, and a forecasted dividend of ¥64.00 million per share was announced for the second quarter. Segment analysis shows the Media Platform Business generating ¥124,559 million in net sales and a segment profit of ¥51,774 million after adjustments. The Entertainment Platform Business contributed ¥10,876 million in sales and ¥1,976 million profit. A significant impairment of ¥131 million was recorded for the Ticket Camp service, and goodwill in the Media segment was fully amortized at ¥7,597 million. Treasury share repurchases reduced treasury holdings to 229,300 shares by year‑end. Methodologically, the report follows Japanese GAAP, includes no changes in accounting policies or estimates, and relies on consolidated financial statements with a cumulative nine‑month view. The forecast for the full year projects net sales of ¥200,000 million and operating income of ¥70,000 million, representing declines of 3.5 % and 21.4 %, respectively, relative to the prior year.

investment japan market-analysis+1

mixi

game-publishing mergers-acquisitions investment+2

Raport Bieżący Nr 44/2025: Zawarcie Warunkowego Porozumienia ze Spółką Square Enix Limited

PCF Group S.A. has entered into a conditional agreement with Square Enix Limited to finalize the financial settlement of the Gemini project and formally terminate existing development and publishing partnerships. This agreement marks the conclusion of two long-standing collaborations, specifically the 2020 production-publishing contract for the Gemini project and the 2016 agreement concerning the Madness project. As part of this settlement, both parties have agreed to waive all potential claims arising from their previous professional relationship. The effectiveness of this agreement is subject to a specific condition precedent involving the transfer of technical assets. PCF Group is required to deliver a comprehensive closing kit containing all development materials related to the Gemini project within 30 days of the agreement date. Square Enix Limited then has a subsequent 30-day window to verify and accept these materials. Should the publisher fail to respond or formally reject the contents of the closing kit, the agreement will expire, and the stipulated legal consequences, including the termination of the contracts and the waiver of claims, will not take effect. This development represents a strategic shift in the operational relationship between the Warsaw-based developer and the London-based publisher. By resolving these outstanding project obligations, the parties aim to clear the path for future independence or alternative partnerships. The company intends to provide further updates as the verification process for the closing kit progresses and the final status of the agreement is confirmed.

PCF Group

Consolidated Financial Results for the Nine Months Ended December 31, 2021

Consolidated Financial Results for the Nine Months Ended December 31, 2021 Stock exchange listing: Tokyo Stock Exchange Representative: Koki Kimura, President and Representative Director Inquiries: Hiroyuki Ohsawa, Director and CFO Scheduled date of filing quarterly securities report: February 7, 2022 Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Available Schedule of quarterly financial results briefing session: S...

mixi

Consolidated Financial Results for the Six Months Ended September 30, 2017

The six‑month financial results for mixi, Inc., covering April 1 to September 30, 2017, show a 7.6 % increase in net sales to ¥93,256 million versus ¥86,669 million in the same period a year earlier. Operating income rose 7.7 % to ¥36,909 million, and ordinary income climbed 9.8 % to ¥37,117 million, resulting in a profit attributable to owners of ¥25,144 million—an increase of 9.9 % over the prior year. Comprehensive income for the period reached ¥25,128 million, up 10.4 % from ¥22,756 million in 2016. Basic and diluted earnings per share increased to ¥319.66 and ¥319.05 respectively, compared with ¥275.99 and ¥275.90 in 2016. Total assets grew to ¥187,460 million from ¥176,974 million, while net assets rose to ¥158,796 million, maintaining an equity ratio of 84.4 %. Cash and cash equivalents increased to ¥145,061 million, supported by a net cash inflow of ¥29,553 million from operating activities. Treasury share repurchases reduced the treasury balance to ¥1,450 million. The company forecasts full‑year 2018 results of net sales ¥200,000 million (down 3.5 %), operating income ¥70,000 million (down 21.4 %), and profit attributable to owners ¥48,000 million (down 19.8 %). Dividend policy for FY2017 and FY2018 includes quarterly payments of ¥91.00 million and ¥64.00 million respectively, with a forecasted total of ¥147.00 million for FY2017 and ¥121.00 million for FY2018. Geographically, the results pertain to Japan under Japanese GAAP. The reporting period covers a six‑month span within fiscal year 2017, with no changes in accounting policies or significant subsidiaries. The company also announced a head‑office relocation to Shibuya, expected to incur ¥662 million in selling, general and administrative expenses for FY2020.

mixi

market-analysis investment japan

Consolidated Financial Results for the Fiscal Year Ended March 31, 2018

The consolidated financial statements for the fiscal year ending March 31, 2018 show a modest contraction in operating performance relative to 2017. Net sales fell from ¥207,161 million to ¥189,094 million, a 9.2 % decline, while gross profit decreased from ¥183,013 million to ¥166,043 million. Operating profit dropped 18.4 % from ¥89,008 million to ¥72,359 million, largely due to a 12.5 % rise in selling, general and administrative expenses despite stable cost of sales. Ordinary profit fell 18.3 % to ¥72,717 million, and after extraordinary items the profit attributable to owners of parent declined 30.8 % to ¥41,788 million. Total assets increased from ¥176,974 million to ¥192,123 million, driven by higher cash and deposits (¥134,278 → ¥156,190 million) and a significant rise in investment securities (¥2,559 → ¥3,351 million). Property, plant and equipment grew to ¥1,888 million from ¥1,286 million, reflecting capital expenditures of ¥1,329 million. Intangible assets collapsed from ¥8,954 million to ¥391 million due to the write‑off of goodwill. Shareholders’ equity expanded from ¥150,029 million to ¥169,587 million, supported by retained earnings growth and a reduction in treasury shares. Liquidity remained strong; cash and equivalents rose to ¥156,190 million. Operating cash flow improved from ¥41,303 million to ¥49,975 million, while investing activities generated a net inflow of ¥5,601 million in 2018 versus ¥1,950 million the prior year. Financing cash outflows were largely driven by treasury share repurchases and dividend payments, totaling ¥22,447 million. Overall, the company maintained solid liquidity but faced declining profitability amid higher operating costs and a significant goodwill impairment.

mixi

Consolidated Financial Results for the Three Months Ended June 30, 2016

The quarterly filing presents mixi, Inc.’s financial performance for the three months ended June 30 2016 under Japanese GAAP. Net sales declined 5.5 % to ¥47,344 million from ¥50,080 million in the same period a year earlier, while operating income fell 17.3 % to ¥20,130 million and ordinary income dropped 17.9 % to ¥19,973 million. Profit attributable to owners of parent decreased 14.9 % to ¥13,578 million, and basic earnings per share contracted from ¥197.97 in 2015 to ¥161.90 in 2016. Comprehensive income for the quarter was ¥13,508 million, a 15.4 % decline from ¥15,967 million the prior year. Total assets contracted from ¥165,039 million at March 31 to ¥144,621 million at June 30, largely due to a reduction in current assets and a modest increase in non‑current assets. Net assets rose slightly from ¥121,490 million to ¥123,729 million, raising the equity ratio to 85.6 % from 73.6 %. Treasury share repurchases increased sharply, with ¥4,797 million in treasury shares held by June 30 after a repurchase of 1,151,100 shares during the quarter. The company forecasts full‑year 2017 results of ¥218,000 million in net sales and operating income of ¥80,000 million, a 4.4 % rise in sales but a 15.8 % drop in operating income compared to the prior year. Dividend guidance for fiscal 2017 remains unchanged, with a total forecast of ¥129 million for the year. The report notes no significant changes in subsidiaries or accounting policies, and highlights a board‑approved retirement of treasury shares to improve capital efficiency.

mixi

investment europe game-development

Zmiana daty przekazania skonsolidowanego raportu kwartalnego za trzeci kwartał 2025 roku

PCF Group S.A. has formally announced a revision to its financial reporting schedule for the third quarter of 2025. The primary purpose of this communication is to notify stakeholders and regulatory bodies of a delay in the release of the company’s consolidated quarterly report, which was originally scheduled for publication on November 26, 2025. The updated timeline establishes December 1, 2025, as the new date for the disclosure of the consolidated financial results for the Group. This adjustment serves to align the company with its ongoing reporting obligations under the relevant financial regulations governing issuers of securities. The change represents a brief postponement of five days from the previously communicated deadline. This administrative update pertains exclusively to the corporate financial disclosure schedule of PCF Group S.A. for the specified fiscal period. No further details regarding the underlying financial performance or operational status of the company were provided in this notification, as the announcement is strictly limited to the procedural modification of the reporting calendar.

PCF Group

Consolidated Financial Results for the Six Months Ended September 30, 2015

The report presents consolidated financial results for mixi, Inc. covering the six‑month period from April 1 to September 30, 2015, and provides a forecast for the fiscal year ending March 31, 2016. Net sales surged 172.8 % to ¥95,351 million, driven by a jump in external customer sales from the Media Platform Business and Entertainment Business segments. Operating income rose 204.4 % to ¥43,674 million, and ordinary income increased 202.3 % to ¥43,352 million, reflecting strong profitability and a significant reduction in interest expenses. Profit attributable to owners of parent reached ¥28,429 million, a 213.0 % increase, translating to profit per share of ¥347.23 and diluted profit per share of ¥347.01. Total assets grew 19.4 % to ¥124,480 million, with equity rising from ¥53,570 million to ¥94,826 million, raising the equity ratio to 76.2 %. Cash and cash equivalents increased markedly from ¥65,413 million to ¥84,133 million, supporting a robust liquidity position. The company’s dividend policy was revised, with an annual forecast of ¥129 million for the fiscal year ending March 31, 2016. The forecast for FY 2016 projects net sales of ¥185,000 million and operating income of ¥80,000 million, implying continued growth. Methodological changes include adoption of revised Japanese GAAP standards for business combinations and consolidated financial statements, with no material impact on the reported figures. The report covers Japan exclusively, focusing on mixi’s core social networking and entertainment services over the specified six‑month period.

mixi

Consolidated Financial Results for the Six Months Ended September 30, 2014: Japan

The consolidated financial results for mixi, Inc. cover the six‑month period from April 1 to September 30, 2014, and provide a forecast for the fiscal year ending March 31, 2015. Net sales surged to ¥34,954 million from ¥3,979 million in the same period a year earlier, reflecting a 778.3 % increase driven by expanded media and content offerings. Operating income rose to ¥14,350 million from a loss of ¥398 million, and ordinary income reached ¥14,342 million. Net income for the six months amounted to ¥9,082 million, a turnaround from a loss of ¥1,352 million in 2013, and translated into earnings per share of ¥112.97 (diluted ¥112.63). Comprehensive income for the period was ¥9,090 million. Total assets grew to ¥43,617 million from ¥26,492 million, with net assets increasing to ¥31,329 million and an equity ratio of 71.7 %. Cash and cash equivalents rose to ¥28,549 million, supporting a net cash inflow of ¥11,731 million from operating activities. The company’s dividend policy shifted to quarterly payments, with a forecast of ¥49 million for the fiscal year ending March 31, 2015. Segment analysis shows that the Media & Content Business and Life Events Business now comprise the primary revenue drivers, with significant company‑wide expense adjustments of ¥893 million. No changes in consolidation scope or accounting policies were reported, and the forecasted full‑year net sales of ¥100,000 million represent a 722.6 % increase over the prior year. The results indicate robust growth in user engagement and monetization, positioning mixi for continued expansion within Japan’s social networking and digital media markets.

mixi

Consolidated Financial Results for the Three Months Ended June 30, 2014

The quarterly filing presents mixi, Inc.’s consolidated financial results for the three months ended June 30, 2014, covering April 1 to June 30. Net sales surged 493 % from ¥2,144 million in the same period a year earlier to ¥12,718 million, driven by growth in media and content and life events segments. Operating income turned positive at ¥4,654 million versus a loss of ¥84 million in 2013, and ordinary income rose to ¥4,636 million. Net income reached ¥2,919 million, translating into earnings per share of ¥36.32 and diluted earnings per share of ¥36.27, a stark reversal from the prior year’s loss. Total assets increased to ¥31,594 million, with net assets at ¥25,128 million and an equity ratio of 79.4 %. Cash and cash equivalents grew from ¥16,818 million to ¥20,407 million, supported by operating cash flow of ¥2,918 million. The company completed a five‑for‑one stock split on July 1, 2014; all per‑share figures are adjusted as if the split had occurred at fiscal year start. Segment analysis shows media & content and life events businesses as primary revenue drivers, with a company‑wide expense adjustment of ¥479 million. No significant changes in consolidation scope or accounting estimates were reported. Dividend policy remains undecided for the fiscal year ending March 31, 2015, and a financial results briefing is scheduled for August 8, 2014.

mixi

market-analysis investment japan

Quarterly Consolidated Balance Sheets: 2Q FY2013

The quarterly consolidated balance sheet and income statements for the second quarter of fiscal year 2013 reveal a contraction in both operating performance and financial position compared with the same period of fiscal year 2012. Total assets fell from ¥20,083 million to ¥17,480 million, largely due to a reduction in current assets and non‑current investments. Current liabilities decreased from ¥3,731 million to ¥2,738 million, but shareholders’ equity declined from ¥16,291 million to ¥14,664 million, driven by a lower retained earnings balance and the continued impact of treasury stock. Operating income swung from ¥1,612 million in 2Q FY2012 to a loss of ¥398 million in 2Q FY2013, reflecting higher selling, general and administrative expenses relative to sales. Net sales dropped by 41% from ¥6,817 million to ¥3,979 million, while cost of sales fell proportionally. Non‑operating losses increased sharply due to a ¥126 million loss on equity in affiliates and a ¥21 million loss on investments, offset only partially by foreign exchange gains of ¥20 million. Ordinary income turned negative, with a loss of ¥525 million in 2Q FY2013 versus a profit of ¥1,583 million previously. Comprehensive income mirrored the net loss trend, reporting a ¥1,293 million loss attributable to owners of the parent in 2Q FY2013 versus a ¥1,184 million profit in 2Q FY2012. Cash flow analysis shows operating cash outflows of ¥448 million, a significant rise in investing cash inflows to ¥2,774 million—largely from sales of subsidiary shares—and financing outflows of ¥327 million due to dividend payments. Overall, the company experienced a notable decline in profitability and equity during the second quarter of FY2013.

mixi

investment funding europe

Podsumowanie kosztów subskrypcji akcji serii H

PCF Group S.A. has finalized the accounting for costs associated with the issuance of 6,670,000 series H ordinary bearer shares. The primary objective of this disclosure is to provide transparency regarding the financial expenditures incurred during the subscription process, ensuring compliance with regulatory requirements for public companies listed on the Warsaw Stock Exchange. The total cost of the series H share issuance amounted to 265,800.00 PLN. These expenses were exclusively related to the preparation and execution of the offer, as the company did not utilize sub-underwriters, nor was a prospectus required for this specific offering. The breakdown of these costs includes 135,390.00 PLN for legal services, 115,410.00 PLN for transactional advisory services, and 15,000.00 PLN for registration and admission fees with the Central Securities Depository of Poland and the Warsaw Stock Exchange. The average cost per unit for the subscription of series H shares is approximately 0.04 PLN. In terms of financial reporting, the company has accounted for these issuance costs by reducing the reserve capital derived from the surplus of the issue price over the nominal value of the shares. This summary reflects the final financial impact of the capital increase as of October 2025, confirming that no promotional or additional sub-underwriting costs were incurred during the transaction.

PCF Group

Raport Bieżący Nr 32/2025: Zakończenie Subskrypcji Nowych Akcji Zwykłych na Okaziciela Serii H Spółki

PCF Group S.A. has formally concluded the private subscription of 6,670,000 new series H ordinary bearer shares. The primary purpose of this announcement is to confirm the successful completion of the issuance process, which was conducted as a private subscription under the Polish Commercial Companies Code. The total value of the offering reached 20,010,000 PLN, with each share issued at a price of 3.00 PLN. The subscription process involved a book-building phase held between August 6 and August 11, 2025, with all subscription agreements finalized by August 14, 2025. The shares were fully covered by cash contributions from 16 investors. Because the issuance was fully subscribed through these agreements, no formal allocation process or reduction in the number of shares was necessary. The company has noted that final costs associated with the offering are currently being reconciled and will be disclosed in a subsequent report once verified by the involved parties. This transaction was restricted to qualified investors and was not subject to a public prospectus requirement under European Union regulations. The offering was limited to specific jurisdictions, explicitly excluding the United States, Australia, Canada, Japan, and South Africa, in compliance with international securities laws. The company maintains that this disclosure is for informational purposes only and does not constitute a recommendation or a public offer of securities in any jurisdiction where such action would be unlawful.

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PCF Group

Current Report No. 23/2025: Commencement of Book Building Process

PCF Group S.A., a Warsaw-based entity, has officially initiated a book-building process for the issuance of up to 6,670,000 Series H ordinary bearer shares. The primary objective of this capital raise is to secure approximately 20 million PLN to stabilize the company’s short-term financial liquidity and provide necessary working capital. These funds are intended to support the ongoing execution of contracts within the company’s work-for-hire business model, facilitating a predictable and orderly scaling of operations while maintaining cost discipline to restore operational profitability. The offering process is being conducted in accordance with resolutions adopted by the company’s management board on August 6, 2025, with Trigon Dom Maklerski S.A. and Trigon Investment Banking serving as the lead entities for the subscription. To support the offering, the company has established July 31, 2025, as the preference date for existing shareholders. Additionally, Sebastian Wojciechowski, the company’s President and a significant shareholder, has declared an intention to participate in the book-building process and subsequent offering, committing to acquire Series H shares for up to 5 million PLN, provided his allocation does not exceed 50% of the total shares issued in this offering. The scope of this offering is restricted to jurisdictions where such activity is legally permissible, specifically excluding the United States, Australia, Canada, Japan, and South Africa. The shares are being offered exclusively to qualified investors in compliance with relevant European Union and local regulations, and no prospectus is required for this issuance. The company remains subject to existing lock-up agreements regarding its shares, which extend through December 31, 2027, with specific provisions for future long-term incentive programs involving call options.

investment funding ipo+1

PCF Group

Consolidated Financial Results for the Six Months Ended September 30, 2024

MIXI, Inc. reports a strong six‑month performance for April 1 to September 30 2024, with net sales rising 7.6 % to ¥68.8 billion and operating income increasing 129.5 % to ¥8.75 billion, driven largely by its Digital Entertainment segment featuring Monster Strike. EBITDA surged 86.9 % to ¥11.1 billion, and ordinary income attributable to owners of the parent climbed 139.7 % to ¥9.02 billion, reflecting improved profitability and cost management. Comprehensive income for the period reached ¥7.9 billion, a 204.4 % increase over the prior year, largely due to gains on available‑for‑sale securities and foreign currency translation adjustments. Basic earnings per share rose from ¥31.4 to ¥74.9, while diluted EPS increased similarly. Total assets grew to ¥213.3 billion, with net assets at ¥175.5 billion and an equity ratio of 81.1 %. Treasury share repurchases increased, raising treasury shares to ¥14.6 billion and reducing retained earnings by ¥13.7 billion during the period. Cash flow from operating activities turned positive, generating ¥8.5 billion in net cash, offset by significant investing outflows for non‑current assets and a substantial purchase of treasury shares. The company forecasts full‑year 2025 results with net sales at ¥147 billion, operating income of ¥18.5 billion, and ordinary income of ¥17.5 billion, projecting a 3.5 % decline in operating income versus the prior year but maintaining robust profitability. No material accounting policy changes are expected to affect these forecasts. The report covers Japan‑based operations under Japanese GAAP for the first half of FY 2025, with a focus on digital entertainment and related services.

mixi