Bushiroad

Game Co.

10 documents

Card game and mobile game company. BanG Dream!, Cardfight!! Vanguard, Weiss Schwarz TCG. Also pro wrestling (New Japan).

Documents

Financial

Bushiroad Issues Financial Report for First Two Quarters of Fiscal 2026

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.

investment game-publishing market-analysis+1

BushiroadFeb 2026

Financial

FY2026 2Q Financial Results Briefing Material

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.

investment market-analysis market-forecast+3

BushiroadJan 2026

Financial

Bushiroad Issues Financial Report for First Quarter of Fiscal 2026

Bushiroad Inc. experienced significant growth in profitability during the first quarter of fiscal year 2026, covering the period from July 1, 2025, to September 30, 2025. Net sales reached 13,766 million yen, representing a 12.2% increase compared to the same period in the previous fiscal year. This revenue growth was accompanied by a substantial surge in operating profit, which rose 226.6% to 1,668 million yen. Ordinary profit and profit attributable to owners of the parent also saw dramatic improvements, reaching 1,932 million yen and 1,663 million yen respectively, rebounding from much lower or negative figures in the prior year. The financial position of the company remains stable, with total assets valued at 47,971 million yen and net assets increasing to 26,844 million yen. This resulted in an improved equity-to-asset ratio of 52.7%, up from 47.7% at the end of fiscal 2025. A notable corporate action during this period was a two-for-one share split effective October 1, 2025. Consequently, profit per share for the quarter was 12.27 yen when calculated on a post-split basis, a sharp increase from the 0.42 yen recorded in the first quarter of fiscal 2025. Despite the strong start to the year, the full-year forecast for fiscal 2026 suggests a more conservative outlook. Management anticipates annual net sales of 56,000 million yen, a slight decrease of 0.3% year-over-year. Operating profit for the full year is projected to decline by 7.6% to 4,500 million yen, while profit attributable to owners of the parent is expected to drop 21.0% to 2,700 million yen. The company plans an annual dividend of 2.50 yen per share on a post-split basis, reflecting a cautious approach to the remainder of the fiscal year ending June 30, 2026.

investment market-analysis monetization+1

BushiroadNov 2025

Legal

Bushiroad Announces “Bushiroad EXPO 2026”: Expanding on a Global Scale

Bushiroad Inc. has officially announced the return of its international event series with Bushiroad EXPO 2026, marking a significant expansion of the company’s global outreach strategy. Building upon the momentum of previous iterations in 2024 and 2025, the upcoming circuit aims to bring the company’s diverse entertainment portfolio to twenty regions worldwide. This expansion reflects a strategic commitment to strengthening the brand's presence in international markets and engaging directly with a growing global fanbase across multiple entertainment verticals. The 2026 series is scheduled to launch with events in Taipei, Bangkok, and Chicago, serving as the initial anchors for a broader global tour. These exhibitions are designed as comprehensive showcases for the Bushiroad Group’s integrated media mix, encompassing trading card games, console gaming, music, live stage performances, and anime. By hosting these events in diverse geographic locations, the company seeks to provide localized experiences that include hands-on demonstration sessions for card games, exclusive merchandise sales, and interactive stage events featuring various intellectual properties. While specific schedules and detailed content lineups remain forthcoming, the initiative underscores a broader industry trend of Japanese entertainment conglomerates seeking direct-to-consumer engagement on a global scale. The scope of the project highlights the company's transition toward a more aggressive international distribution model, utilizing large-scale physical events to unify its various business segments. This multi-region approach serves as both a promotional vehicle for existing products and a foundational effort to cultivate long-term brand loyalty in key Asian and North American markets.

marketing global live-ops

BushiroadNov 2025

Financial

FY2026 1Q Financial Results Briefing Material

Bushiroad’s financial performance for the first quarter of fiscal year 2026 reflects a period of significant expansion and profitability, characterized by a 12.2% increase in net sales to 13,766 million yen and a 227% surge in operating profit. This growth was primarily catalyzed by the trading card game segment, which benefited from the successful launches of the Godzilla and hololive official card games. Strategic shifts, including the transition to a single reporting segment and reduced research and development costs within the digital games unit, further bolstered the operating profit margin to 12.1%. The geographic scope of operations has shifted increasingly toward international markets, with overseas sales reaching a record 44.5% of total revenue. This global momentum is supported by the strong performance of established titles like Weiß Schwarz and the release of Hunter × Hunter NEN×IMPACT. While merchandise sales saw a slight year-on-year decline due to high prior-year comparisons, the live entertainment division maintained positive momentum through sold-out events in Shanghai and Japan. The company has already achieved 37.1% of its full-year operating profit target, positioning it well to meet annual forecasts. Future growth is anchored in an integrated "IP Developer" and "One-Stop Media Mix" strategy, which seeks to synchronize anime, digital games, and live events to maximize brand value. Key initiatives include the global expansion of the PalVerse brand, strategic investments in production partners like YUHODO and SANZIGEN, and large-scale events such as Bushiroad EXPO 2026. By leveraging cross-company alliances and high-profile intellectual properties like BanG Dream!, the organization aims to solidify its role as a global platform company capable of scaling both internal and third-party content across the entertainment landscape.

investment market-analysis market-forecast+1

BushiroadNov 2025

Report

Bushiroad Announces Bushiroad EXPO 2026

Bushiroad Inc. announces the return of its global event series, Bushiroad EXPO 2026, expanding to 20 regions worldwide. The inaugural 2026 venues are Taipei, Bangkok, and Chicago, each slated to host exhibitions, stage events, trading card game (TCG) demo sessions, and merchandise sales. The expansion follows the successful 2024 and 2025 editions, indicating a strategic push to broaden international reach and fan engagement. The event will showcase Bushiroad’s diverse portfolio, including trading card games, console titles, music releases, stage performances, anime content, and related merchandise. While specific schedules and featured contents remain to be announced, the press release highlights a commitment to delivering a varied and immersive experience across multiple markets. The initiative reflects Bushiroad’s intent to strengthen its global presence, leveraging the popularity of its intellectual properties and community-driven events. The announcement is directed at fans and partners, underscoring gratitude for ongoing support and inviting participation in the expanded expo series.

marketing global asia+2

Bushiroad

Report

Financial Report for First Quarter of Fiscal 2026: Japan

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.

market-analysis investment japan

Bushiroad

Report

FY2026 1Q Financial Results Briefing Material: Japan

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.

market-analysis investment japan

Bushiroad

Report

Financial Report for First Two Quarters: Fiscal 2026

Bushiroad Inc. reports consolidated financial results for the first two quarters of fiscal 2026 (July 1–December 31, 2025). Net sales rose 8.2 % to ¥27,839 million, while operating profit increased 68.5 % to ¥2,908 million and ordinary profit grew 81.8 % to ¥3,488 million; profit attributable to owners of the parent company surged 107.4 % to ¥2,577 million. Earnings per diluted share reached ¥19.00, a significant jump from ¥9.01 in the same period of fiscal 2025, reflecting both higher profitability and a 2‑for‑1 share split executed on October 1, 2025. Total assets expanded to ¥50,742 million and net assets climbed to ¥28,150 million, raising the equity‑to‑asset ratio from 47.7 % to 52.2 %. The company’s dividend policy for fiscal 2025 included a ¥4.50 million payout, while no dividends were declared in the first half of fiscal 2026; a forecast for the full year projects no dividend distribution. For the full fiscal year 2026, Bushiroad forecasts net sales of ¥56,000 million (a slight decline of 0.3 % from the prior year), operating profit of ¥4,500 million (down 7.6 %), ordinary profit of ¥4,600 million (down 5.1 %), and profit attributable to the parent of ¥2,700 million (down 21.0 %). Earnings per share are projected at ¥19.63, adjusted for the share split. These figures cover Bushiroad’s domestic Japanese operations under Japanese GAAP, with the fiscal year running from July 1 to June 30. The report relies on consolidated financial statements and includes a forward‑looking forecast based on current management expectations.

market-analysis investment japan+1

Bushiroad

Report

FY2026 2Q Financial Results Briefing Material

market-analysis investment japan

Bushiroad