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Integrated Report 2023
オンプロダクト-スタンドードタイプ 英語版 オンプロダクト-ミニラベル 英語版<sub>（印刷スペースが無い場合）</sub> https://www.bandainamco.co.jp/ 4C Bandai Namco exists to share dreams, fun and inspiration with people around the world. Connecting people and societies in the enjoyment of uniquely entertaining products and services, we’re working to create a brighter future for everyone.
- Bandai Namco Group's financial strategy aims to secure one year of labor costs (¥80.0 billion to ¥90.0 billion) and one to one-and-a-half months of working capital (approximately ¥100.0 billion) for stable operations.
- The company plans ¥40.0 billion in strategic investment to advance its IP axis strategy.
- Bandai Namco is standardizing information security across Group companies, with a test opening planned for October 2023, and is enhancing IT literacy through e-learning.
- The company is actively expanding the global reach of its Gundam and ONE PIECE IPs, particularly in North America and Europe, through online distribution and collaborations with local companies.
- Bandai Namco is addressing social issues through initiatives like plastic recycling campaigns with THE IDOLM@STER SHINY COLORS, and research into using games to solve social problems with Aoyama Gakuin University.
Bandai Namco Group Fact Book 2022
www.bandainamco.co.jp TABLE OF CONTENTS 1 Bandai Namco Group Outline 01 Consolidated Business Performance / Entertainment Unit (Digital Business) 04 Entertainment Unit (Toys and Hobby Business) 06 IP Production Unit (Visual and Music Business / Entertainment Unit (Digital Business) Entertainment Unit (Toys and Hobby Business) 09 Plastic Model Market / Figure Market / Capsule Toy Market / Card Product Market Children’s Lifestyle (Sundries) M...
- Bandai Namco Group's top-performing IPs by sales in FY2022.3 were DRAGON BALL series (¥127.6 billion), Mobile Suit Gundam series (¥101.7 billion), and ONE PIECE (¥44.1 billion).
- The Digital Business segment saw a decrease in network content sales from ¥207.7 billion in FY2021.3 to ¥185.5 billion in FY2022.3, but home video game sales increased significantly from ¥118.1 billion to ¥174.4 billion in the same period.
- As of March 2022, Bandai Namco Entertainment Inc. had 34 game app titles each on Google Play and the App Store, and 5 social media titles in Japan.
- The Toys and Hobby Business unit has achieved substantial cumulative shipment volumes for key products, including 2,699.59 million candy toys (since 1995) and 104.93 million Ultraman soft figures (since 1983).
- The Amusement Unit's sales increased from ¥63.8 billion in FY2021.3 to ¥82.3 billion in FY2022.3, with amusement facilities contributing the majority of sales (¥61.5 billion in FY2022.3).
Bandai Namco Group Fact Book 2023
www.bandainamco.co.jp TABLE OF CONTENTS 01 Consolidated Business Performance / 03 Sales by IPs / Entertainment Unit (Digital Business) 04 Entertainment Unit (Toys and Hobby Business) 06 IP Production Unit / Amusement Unit Entertainment Unit (Digital Business) 07 Game App Market / Home Video Game Market Entertainment Unit (Toys and Hobby Business) 09 Plastic Model Market / Figure Market / Capsule Toy Market / 10 Candy Toy Market / Children’s Lifestyle (Sundries) Mar...
- Bandai Namco Group's history includes the independent founding of Bandaiya in 1950 (later BANDAI) and Nakamura Manufacturing Ltd. in 1955 (later NAMCO), with significant milestones like PAC-MAN's introduction in 1980 and Tamagotchi's launch in 1996.
- The Gundam series is a major IP for Bandai Namco, with cumulative plastic model shipments reaching 761.11 million units by March 2023, including 577.05 million Real series and 1.27 million SD series units.
- Bandai Namco's Toys and Hobby Business saw significant sales from the Gundam series (¥60.5 billion in FY2023.3, up from ¥44.2 billion in FY2022.3) and KAMEN RIDER series (¥23.0 billion in FY2023.3, up from ¥22.8 billion in FY2022.3).
- The company's home video game titles have achieved substantial cumulative shipments, including the TEKKEN series (55.00 million units by March 2023) and the Super Robot Wars series (20.24 million units by March 2023).
- Bandai Namco is actively engaged in ESG initiatives, including sustainability activities utilizing IP to reduce environmental burdens (e.g., clothing donations for upcycling, plastic recycling PR with the Ministry of the Environment) and regional contribution activities like the Gundam Educational Program.
Annual Report & Accounts 2014: Sweden
CEO’s Review 1 Directors’ Report 11 The MTG Share 32 Corporate Governance Report 36 Board of Directors 46 Executive Management 49 Consolidated Financial Statements 54 Parent Company Financial Statements 59 Notes to the Accounts 64 Audit Report 119 Definitions 121 Glossary 12...
- MTG's net sales increased to SEK 15,746 million in 2014 from SEK 14,073 million in 2013, while total net income remained relatively stable at SEK 1,172 million in 2014 compared to SEK 1,168 million in 2013.
- The company's average number of employees grew significantly from 3,361 in 2013 to 4,059 in 2014, with a notable increase in Sweden (from 1,022 to 1,273 employees) and the UK (from 373 to 402 employees).
- MTG faces potential adverse impacts on its business from ongoing legal uncertainties regarding additional rights clearance for satellite TV transmissions and investigations into exclusive broadcasting rights for pay-TV services.
- The share capital of MTG consists of Class A, Class B, and Class C shares, with Class A shares carrying ten voting rights, and Class B and C shares carrying one voting right each; Class C shares do not entitle holders to dividends.
- The gender distribution among senior executives in 2014 showed 71% men and 29% women for the Group, and for the Parent Company, the Board of Directors was 71% men and 29% women, while other senior executives were 67% men and 33% women.
Annual Report 2019: Shaping the Future of Entertainment
Corporate responsibility and sustainability priorities are covered in MTG’s Annual Corporate Responsibility Report, published 19 S EGMENTAL PERFORMANCE 31 Other Group Information 34 Financial Policies and Risk Management 36 Governance and Responsibilities 41 Internal Control Report 101 ALTERNATIVE PERFORMANCE It’s impossible to reflect on 2019 without first commenting on the split of MTG into two companies in March – Nordic Enter- tainment and new MTG.
- MTG's 2019 strategy focused on profitable growth in esports and gaming, driven by the ESL Pro Tour launch, Kongregate's revised strategy, and Innogames' mobile revenue optimization.
- MTG divested Nova Broadcasting Group in Bulgaria for EUR 185 million (SEK 1,917 million) in January 2019 and Zoomin in October 2019, to focus on its core esports and gaming verticals.
- MTG announced annual savings, redundancy costs, and impairment charges in 2019 as part of a strategic review and evaluation of its gaming portfolio.
- MTG's esports vertical, comprising ESL and DreamHack, saw external sales of SEK 1,712 million in 2019, up from SEK 1,515 million in 2018, but reported an EBIT loss of SEK -430 million.
- The gaming vertical generated SEK 2,531 million in external sales in 2019, an increase from SEK 2,296 million in 2018, with an EBIT of SEK 269 million.
Q4 2025 Investor Presentation
The Q4 2025 investor presentation details a period of record financial performance for the company, characterized by significant revenue growth and successful strategic integration. The primary thesis centers on the company’s transformative year, highlighted by the successful consolidation of Plarium and a shift toward a midcore gaming focus. For the fourth quarter of 2025, the company achieved net sales of SEK 3,123 million, representing an 8% organic growth rate and a 108% increase in constant currency year-over-year. Adjusted EBITDA reached SEK 717 million, maintaining a 23% margin, while unlevered free cash flow totaled SEK 878 million with a 66% conversion rate.
The scope of the report covers the global gaming operations of the company throughout the 2025 fiscal year, with specific emphasis on the fourth quarter. Key operational findings indicate that user acquisition (UA) spending rose to 38% of revenue in Q4, a 98% year-over-year increase in constant currency, largely driven by the integration of Plarium and the scaling of casual and racing franchises. Revenue streams showed a notable shift, with direct-to-consumer contributions rising 600 basis points to 32% of the total. Franchise performance was bolstered by strong results in the racing and word game segments, which saw year-over-year growth of 43% and 28%, respectively.
Methodologically, the financial data is presented on a reported basis, with constant currency adjustments applied to isolate organic growth trends. The report incorporates full-year 2025 figures and highlights the impact of the Plarium acquisition, which was integrated into the group starting in February 2025. Looking ahead, the company concludes the period with a stable leverage ratio and a new organizational structure, positioning itself for continued midcore expansion and the potential public offering of its PlaySimple division.
- The company achieved Q4 2025 net sales of SEK 3,123 million, marking 8% organic growth and a 108% year-over-year increase in constant currency.
- Adjusted EBITDA for Q4 2025 reached SEK 717 million with a 23% margin, supported by an unlevered free cash flow of SEK 878 million.
- User acquisition spending surged to 38% of revenue in Q4, representing a 98% year-over-year increase driven by the integration of Plarium and scaling of casual and racing franchises.
- Direct-to-consumer revenue contributions grew by 600 basis points to reach 32% of total Q4 revenue.
- Key franchise segments showed strong momentum, with racing games growing 43% and word games growing 28% year-over-year.
Q1 2025 Investor Presentation
The Modern Times Group Q1 2025 investor presentation outlines a period of significant financial expansion, primarily driven by the strategic acquisition of Plarium. The company reported a 79% year-over-year increase in net sales in constant currencies, reaching SEK 2,557 million for the quarter. This growth is supported by a 6% organic sales increase, reflecting sustained performance across the company’s existing gaming portfolio.
Key operational metrics highlight the impact of the Plarium integration, which contributed to a shift in revenue streams and user development. The company maintained a healthy adjusted EBITDA margin of 24% for the quarter, despite increased investment in marketing to scale new and established titles. Cash flow remains a central pillar of the company’s financial health, with SEK 538 million generated from operations in Q1 2025 and a free cash flow of SEK 143 million after accounting for earnout payments. The company’s leverage ratio stands at 0.82x, supported by an LTM EBITDA of SEK 3,058 million.
The scope of the presentation covers the global gaming operations of the company, with a specific focus on the transition period following the February 1, 2025, consolidation of Plarium. The portfolio includes a diverse range of franchises, such as strategy, simulation, racing, and word games. Looking ahead, the company maintains a positive outlook for the full year 2025, projecting organic sales growth between 3% and 7% and an adjusted EBITDA margin in the range of 21% to 24%. Future performance is expected to depend on disciplined marketing investments, the successful scaling of new game titles, and continued geographical expansion efforts.
- Modern Times Group achieved a 79% year-over-year increase in net sales to SEK 2,557 million in Q1 2025, largely driven by the acquisition of Plarium.
- The company maintained a 24% adjusted EBITDA margin for the quarter while balancing increased marketing investments to scale its gaming portfolio.
- Organic sales grew by 6% in Q1 2025, reflecting stable performance across existing titles alongside the integration of Plarium, which was consolidated on February 1, 2025.
- Operational cash flow reached SEK 538 million, with a free cash flow of SEK 143 million recorded after accounting for earnout payments.
- The company reports a leverage ratio of 0.82x, supported by an LTM EBITDA of SEK 3,058 million.
Q4 2025 Financial Report
Q4 2025 Modern Times Group MTG AB 1 All time high revenues and adjusted EBITDA underscore strong finish to the year with 8% organic growth for Q4 and 9% for 2025 We delivered a great end to a transformative 2025, reporting 8% organic year over year growth in Q4 and 9 % for the full year ,at the top end of our updated full year guidance .
- MTG AB achieved all-time high revenues and adjusted EBITDA in Q4 2025, with 8% organic growth for the quarter and 9% for the full year 2025. Total revenues were up 108% in Q4 and 107% for the full year in constant currencies, while adjusted EBITDA increased by 58% in Q4 and 59% for the full year.
- Net sales for Q4 2025 reached SEK 3,123 million, an 84% increase year-over-year. Full-year net sales for 2025 were SEK 11,579 million, up 92% from 2024.
- The strong performance was driven by scaling user acquisition (UA) at attractive return levels, particularly in Word Games and Racing franchises, and RAID: Shadow Legends. Total UA spend in original studios increased by 25% year-over-year in Q4 in constant currencies.
- MTG has concluded a pre-IPO study for PlaySimple and is now preparing for a potential listing in 2026, which is seen as an opportunity to accelerate M&A ambitions in the casual gaming market.
- Plarium's consolidation from February 1, 2025, significantly impacted sales growth, contributing SEK 1,464 million to Q4 sales. The acquisition's effect on sales for the full year 2025 was SEK 5,384 million.
2021 Interim Report
Incorporated in the Cayman Islands with limited liability 3 Financial Performance Highlights 3 Financial Performance Highlights 9 Management Discussion and Analysis 9 Management Discussion and Analysis 23 Report on Review of Interim Financial Information Report on Review of Interim Financial Information 24 Consolidated Income Statement 25 Consolidated Statement of Comprehensive Income 26 Consolidated Statement of Financial Position 29 Consolidated Statement o...
- Tencent's FinTech and Business Services revenue significantly increased, reaching RMB 80,920 million for the six months ended June 30, 2021, up from RMB 56,337 million in the same period of 2020.
- The company experienced a shift from net cash of RMB 5.6 billion as of March 31, 2021, to net debt of RMB 21.0 billion as of June 30, 2021, primarily due to M&A activities and dividend payments, partially offset by RMB 17.3 billion in free cash flow.
- Tencent's Value Added Services (VAS) revenue grew to RMB 144,456 million for the six months ended June 30, 2021, compared to RMB 127,431 million in the prior year, with games contributing RMB 86,620 million and social networks RMB 57,836 million.
- Online Advertising revenue increased to RMB 44,653 million for the six months ended June 30, 2021, up from RMB 36,265 million in the same period of 2020, driven by social and other advertising.
- Selling and marketing expenses rose by 17% quarter-on-quarter to RMB 10.0 billion in Q2 2021, mainly due to seasonality and increased spending on digital content, games, and Business Services.
2025 Interim Report
Incorporated in the Cayman Islands with limited liability smart communication inspires 2025 E Interim Report 33 Financial Performance Highlights Financial Performance Highlights 88 Management Discussion and Analysis 22 Report on Review of Interim Financial Information 23 Condensed Consolidated Income Statement 24 Condensed Consolidated Statement of Comprehensive Income 24 Condensed Consolidated Statement of Comprehensive Income 25 Condensed Consolidated S...
- Tencent's investment portfolio significantly grew to RMB948.3 billion as of June 30, 2025, up from RMB817.7 billion at the end of 2024, with listed associate investments alone increasing to RMB165.3 billion from RMB149.6 billion.
- The company completed the acquisition of a game company for USD1.2 billion (RMB8.8 billion) during the first half of 2025, resulting in RMB5.2 billion in goodwill.
- Gross profit for Marketing Services increased by 16% quarter-on-quarter to RMB20.6 billion, with gross margin improving to 58% from 56%.
- Gross profit for FinTech and Business Services rose by 5% quarter-on-quarter to RMB29.0 billion, with gross margin increasing to 52% from 50%.
- Net cash decreased to RMB74.6 billion as of June 30, 2025, from RMB90.2 billion as of March 31, 2025.
2023 Annual Report: Tencent Holdings
7 MANAGEMENT DISCUSSION AND ANALYSIS 85 CORPORATE GOVERNANCE REPORT 85 CORPORATE GOVERNANCE REPORT 119 INDEPENDENT AUDITOR'S REPORT 119 INDEPENDENT AUDITOR’S REPORT 128 CONSOLIDATED INCOME STATEMENT 128 CONSOLIDATED INCOME STATEMENT 129 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 130 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 133 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 137 CONSOLIDATED STATEMENT OF CASH FLOWS 139 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1...
- Tencent's revenues for Q4 2023 remained broadly stable quarter-on-quarter at RMB155.2 billion.
- International Games revenues increased by 5% quarter-on-quarter to RMB13.9 billion, driven by PUBG Mobile and Clash of Clans.
- Domestic Games revenues decreased by 18% quarter-on-quarter to RMB27.0 billion due to seasonally lower revenue accruals in Q4.
- Online Advertising revenues increased by 16% to RMB29.8 billion, attributed to advertising platform upgrades benefiting Video Accounts, the mobile ad network, and Weixin Moments.
- Social Networks revenues decreased by 5% to RMB28.2 billion due to lower revenue accruals from app-based game virtual item sales.
2024 Interim Report
Incorporated in the Cayman Islands with limited liability smart communication inspires 2024 P Interim Report 33 Financial Performance Highlights Financial Performance Highlights 88 Management Discussion and Analysis 22 Report on Review of Interim Financial Information 23 Condensed Consolidated Income Statement 23 Condensed Consolidated Income Statement 24 Condensed Consolidated Statement of Comprehensive Income 24 Condensed Consoli...
- Tencent's profit for Q2 2024 significantly increased to RMB 48,366 million, up from RMB 27,023 million in Q2 2023.
- Revenues for Q2 2024 grew to RMB 161,117 million, compared to RMB 149,208 million in Q2 2023.
- The company's net cash position decreased from RMB 92.5 billion as of March 31, 2024, to RMB 71.8 billion as of June 30, 2024, primarily due to share repurchases and dividend payments.
- Tencent's employee count slightly increased to 105,506 as of June 30, 2024, from 104,503 as of June 30, 2023.
- The weighted average fair value of employee share options granted in the first six months of 2024 was HKD 103.11 per share (RMB 93.53), a decrease from HKD 132.11 per share (RMB 115.67) in the same period of 2023.