Bushiroad

Bushiroad’s financial performance for the fiscal year ending June 30, 2026, reflects steady top-line growth alongside significant improvements in bottom-line profitability. The company achieved net sales of 57,823 million yen, representing a 2.9% increase over the previous fiscal year. While operating profit saw a slight contraction of 2.3% to 4,754 million yen, ordinary profit grew by 22.4% to 5,930 million yen. Most notably, profit attributable to owners of the parent surged by 33.6% to 4,565 million yen, resulting in a profit per share of 33.64 yen.

The company’s financial position strengthened during this period, with total assets rising to 61,641 million yen from 49,797 million yen in the prior year. Net assets also increased to 29,720 million yen, maintaining an equity-to-asset ratio of 46.5%. These results incorporate the impact of a 2-for-1 share split executed on October 1, 2025, which was accounted for in the calculation of per-share metrics to ensure consistency across reporting periods.

Looking ahead to fiscal 2027, the company projects continued stability with forecasted net sales of 58,000 million yen, a marginal increase of 0.3%. Management anticipates an 11.5% rise in operating profit to 5,300 million yen, though profit attributable to owners of the parent is expected to decline by 8.0% to 4,200 million yen. The company remains committed to shareholder returns, projecting an annual dividend of 3.00 yen per share for the upcoming fiscal year, up from the 2.50 yen distributed in fiscal 2026. These figures are prepared in accordance with Japanese GAAP and reflect the consolidated operations of the organization.

This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated version and the original Japanese version, the latter shall prevail. For prompt disclosure, this document is translated Japanese to English based on machine translation, and some parts of this document may be written in Japanese or other languages without translation.

Bushiroad’s financial performance for the first three quarters of fiscal year 2026, covering the period from July 1, 2025, to March 31, 2026, demonstrates significant growth in profitability and operational efficiency. The company reported net sales of 42,356 million yen, representing a 7.6 percent increase compared to the same period in the previous fiscal year. More notably, operating profit surged by 39.0 percent to 4,002 million yen, while ordinary profit rose by 73.1 percent to 5,019 million yen. Profit attributable to owners of the parent reached 3,597 million yen, marking a substantial 112.3 percent increase year-over-year.

The company’s financial position remains robust, with total assets reaching 50,409 million yen and net assets totaling 29,426 million yen. The equity-to-asset ratio improved to 54.7 percent, up from 47.7 percent in the previous fiscal year. These results reflect the impact of a 2-for-1 share split executed on October 1, 2025, which has been factored into per-share calculations to ensure consistency across reporting periods. Earnings per share for the first three quarters of fiscal 2026 were reported at 26.51 yen, compared to 12.32 yen in the prior year.

Looking toward the conclusion of the fiscal year ending June 30, 2026, the company maintains a positive outlook, projecting full-year net sales of 56,500 million yen, a marginal increase of 0.6 percent. While operating profit is forecasted to decline slightly by 5.5 percent to 4,600 million yen, ordinary profit and profit attributable to owners of the parent are expected to grow by 15.6 percent and 14.1 percent, respectively. These projections underscore a strategic focus on sustaining long-term profitability within the Japanese market.

Bushiroad’s fiscal performance for the first three quarters of 2026 demonstrates robust growth, characterized by net sales of 42,356 million yen and an operating profit of 4,002 million yen. This financial momentum has prompted an upward revision of full-year consolidated forecasts. While the trading card game segment underwent a period of product adjustment resulting in a temporary revenue dip, this was effectively offset by record-breaking quarterly sales in the sports division and strong performance across live entertainment and merchandising units. The expansion of the PalVerse figure brand served as a significant driver for the merchandising segment, contributing to the overall stability of the company’s portfolio.

The strategic direction for the firm is now centered on the concept of Live-Mixed Entertainment, which emphasizes the integration of physical experiences with multi-channel intellectual property expansion. By bridging the gap between retail TCG venues, professional wrestling tours, and live musical performances, the company seeks to foster deeper audience engagement. This approach is supported by a 10 billion yen capital infusion intended to facilitate future business scaling and cross-media development across digital gaming, animation, and physical goods.

Geographically and operationally, these efforts reflect a commitment to maximizing global reach through in-person connections and diversified revenue streams. By redefining its corporate mission to prioritize these hybrid entertainment models, the organization is positioning itself to leverage its existing IP assets more effectively. The combination of solid financial results and a clear, unified vision for integrated entertainment suggests a transition toward a more cohesive, experience-driven business model designed to sustain long-term growth in the competitive media and entertainment landscape.

Bushiroad Inc. has entered into a definitive agreement to divest its entire 70% stake in New Japan Pro-Wrestling Co., Ltd. (NJPW), effectively ending its tenure as the parent company of the professional wrestling organization. The shares will be transferred to TV Asahi Corporation and CyberAgent, Inc., with the transaction scheduled for completion on June 30, 2026, pending regulatory approval under the Antimonopoly Act. This strategic move marks a significant shift in Bushiroad’s corporate portfolio, as NJPW will be removed from the company’s consolidated financial reporting.

The decision follows a period of substantial growth for NJPW under Bushiroad’s ownership, which began in 2012. During this time, the organization successfully revitalized its management structure and brand, culminating in record-breaking event attendance. However, Bushiroad concluded that the next phase of NJPW’s evolution requires deeper integration with specialized broadcasting and digital media platforms. By transferring ownership to TV Asahi and CyberAgent, the company aims to leverage their respective expertise in video content distribution and digital operations to maximize NJPW’s long-term commercial potential.

Financially, the transaction is valued at approximately 3,597 million yen. As a direct consequence of this divestment, Bushiroad expects to record an extraordinary gain of approximately 1,616 million yen in its consolidated financial results for the fiscal year ending June 2026. This gain has necessitated a revision of the company’s previously announced full-year earnings forecast. Despite the exit, Bushiroad intends to maintain a collaborative relationship with both the acquiring parties and NJPW to support the ongoing growth of its remaining business segments.

Bushiroad is aggressively scaling its international presence to drive long-term financial growth, with a primary strategic goal of exceeding a 50% overseas sales ratio for its Trading Card Game (TCG) business by the fiscal year ending June 2027. This expansion is anchored in the company’s Medium-Term Vision 2030, which prioritizes the global distribution of entertainment experiences while maintaining a stable domestic revenue base.

To support this objective, the company is establishing two new overseas subsidiaries in Malaysia and China. The Malaysian entity will leverage existing regional expertise to optimize distribution, while the Shanghai-based operation will transition the Chinese market to a local manufacturing and distribution model to reduce logistics costs and lead times. These additions bring the company’s total overseas footprint to seven locations, facilitating a more localized approach to global market penetration.

A central component of this growth strategy is the July 2026 launch of the Palworld OFFICIAL CARD GAME. Released simultaneously in Japanese, English, and Simplified Chinese, the product has seen strong initial momentum, with projected global shipments for the first booster pack exceeding 3.5 million units. The company has supported this rollout through an extensive international marketing campaign, including tutorial workshops and pre-release events across 18 countries, targeting approximately 15,000 participants.

Financial projections indicate a consistent upward trend in international revenue, rising from 24.2% of total TCG sales in fiscal year 2019 to the anticipated milestone of over 50% by fiscal year 2027. By adapting its successful Japanese business model for global application, the company aims to transform new intellectual properties into sustainable, long-term TCG brands that enhance overall corporate value.

Bushiroad has officially redefined its corporate mission, vision, and values to better align with its next phase of growth, effective April 2026. The new mission is to deliver excitement to the world, anchored by a vision of LIVE-MIXED ENTERTAINMENT. This strategic pivot emphasizes the integration of traditional entertainment with tangible, live experiences, prioritizing the unique energy generated when audiences share the same space and time. The company’s core value, STAND UP! for Entertainment, encourages continuous evolution through challenge and innovation.

This redefinition does not signal a departure from the company’s established IP development strategy or its existing business portfolio. Instead, it serves to clarify and deepen the focus on experiential value across all segments, including trading card game tournaments, live music performances, pro-wrestling tours, and retail interactions. By formalizing this commitment to live engagement, the company aims to move beyond reliance on individual hit content, opting instead to build long-term brand equity through a consistent series of vivid, memorable, and interactive experiences.

The initiative is supported by a new internal framework known as BUSHI Values, which promotes a culture of being borderless, user-focused, proactive, high-voltage, and innovative. These principles are designed to unify internal stakeholders and communicate a clear, consistent purpose to the market. By emphasizing the human connection inherent in its diverse business lines, the company seeks to enhance its corporate value and sustain growth in an evolving digital landscape where physical, shared experiences are increasingly viewed as a premium differentiator.

This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated version and the original Japanese version, the latter shall prevail. For prompt disclosure, this document is translated Japanese to English based on machine translation, and some parts of this document may be written in Japanese or other languages without translation.

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.

Bushiroad Inc., a Japanese entertainment company, reported first‑quarter fiscal 2026 results for the period July 1 to September 30, 2025. Net sales rose 12.2% year‑over‑year to ¥13,766 million, driven by stronger performance across its core card game and event‑ticket businesses. Operating profit surged 226.6% to ¥1,668 million, while ordinary profit reached ¥1,932 million, a reversal from the previous year’s operating loss of ¥510 million. Profit attributable to owners of parent companies stood at ¥1,663 million, up from a loss of ¥59 million in the same quarter of fiscal 2025. Earnings per share, adjusted for a 2‑for‑1 stock split effective October 1, 2025, climbed to ¥12.27.

Total assets for the quarter were ¥47,971 million, with net assets of ¥26,844 million, reflecting an equity‑to‑asset ratio increase to 52.7% from 47.7% in fiscal 2025. Net assets per share were not disclosed due to the recent split.

Dividend policy for fiscal 2025 showed a single payout of ¥4.50 per share in Q3, with no dividends announced for fiscal 2026 yet; a forecast indicates a potential ¥2.50 per share in Q4 after the split. The company projects full‑year 2026 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%), and ordinary profit of ¥4,600 million (down 5.1%). Forecasted earnings per share for FY2026 are ¥19.63, reflecting the impact of the share split.

These figures illustrate a rebound in profitability after a challenging prior year, with modest sales growth and an improving capital structure. The company’s guidance signals continued pressure on operating margins, likely due to rising content development costs and competitive market dynamics within Japan’s entertainment sector.

Bushiroad Inc. experienced significant financial growth during the first half of fiscal year 2026, covering the period from July 1, 2025, to December 31, 2025. Net sales reached 27,839 million yen, representing an 8.2% increase compared to the same period in the previous year. This growth in revenue was accompanied by a substantial surge in profitability across all primary metrics. Operating profit rose by 68.5% to 2,908 million yen, while ordinary profit climbed 81.8% to 3,488 million yen. Most notably, profit attributable to owners of the parent more than doubled, increasing by 107.4% to reach 2,577 million yen.

The financial position of the company remains stable, with total assets increasing to 50,742 million yen and net assets rising to 28,150 million yen. The equity-to-asset ratio improved from 47.7% at the end of fiscal 2025 to 52.2% by the end of the second quarter of fiscal 2026. Per-share data reflects a two-for-one share split executed on October 1, 2025; adjusting for this split, profit per share for the first two quarters stood at 19.00 yen, compared to 9.01 yen in the prior year.

Despite the strong performance in the first half of the year, the full-year forecast for fiscal 2026 suggests a more conservative outlook for the remaining periods. The year-end targets include net sales of 56,000 million yen and an operating profit of 4,500 million yen, which would represent slight year-over-year declines of 0.3% and 7.6%, respectively. This indicates an expectation of a significant deceleration in the second half of the fiscal year. The company plans an annual dividend of 2.50 yen per share, following the adjustments necessitated by the recent stock split.

Bushiroad Inc. achieved a steady financial performance through the second quarter of fiscal year 2026, reporting net sales of 14,072 million yen for the period and cumulative first-half sales of 27,839 million yen. This 4.6% year-over-year increase reflects a resilient business model that balances traditional entertainment segments with expanding global reach. While the core Trading Card Game segment experienced a minor dip due to a lighter release schedule, the successful launch of the hololive OFFICIAL CARD GAME and a rising overseas sales ratio of 43.5% provided a stable foundation. Growth was further bolstered by high attendance in the Sports segment, particularly for New Japan Pro-Wrestling and STARDOM, alongside a significant foreign exchange gain.

The company has already reached 64.6% of its full-year operating profit forecast, supported by the expansion of the PalVerse figure brand and consistent console game releases. Strategic focus remains on the worldwide mobile launch of HUNTER×HUNTER NEN×SURVIVOR in early 2026 and major product updates for flagship titles like Weiβ Schwarz and Cardfight!! Vanguard. Although the third quarter is expected to be a transitional period characterized by higher marketing expenditures and product specification updates, the full-year consolidated forecast remains unchanged.

Long-term growth initiatives are centered on international IP utilization and capital efficiency. A strategic alliance with GENDA Inc. aims to accelerate global expansion, while the planned cancellation of 6,000,000 treasury shares in late 2025 underscores a commitment to enhancing shareholder returns. By integrating live events, digital gaming, and physical merchandise across domestic and international markets, the organization is positioning itself to navigate short-term transitional costs while securing a broader global footprint.