Kadokawa Dwango

Kadokawa Dwango Financial Results for the Fiscal Year Ended March 31, 2019

Kadokawa Dwango concluded the fiscal year ending March 31, 2019, with a revenue of 208.6 billion yen, representing a marginal increase of 0.9 percent.

• Kadokawa Dwango reported total revenue of 208,605 million yen for the fiscal year ended March 31, 2019, with a net operating income of 2,707 million yen.
• FromSoftware’s game release 'SEKIRO: SHADOWS DIE TWICE' was a major driver of performance, exceeding 2 million units sold worldwide shortly after its March 2019 launch.
• The company forecasts significant growth for the fiscal year ending March 31, 2020, projecting a 99.4% increase in operating income to 5,400 million yen and a 47.4% increase in ordinary income to 6,200 million yen.

Kadokawa Dwango Financial Results for the 3rd Quarter Ended December 31, 2018

The financial results for the nine-month period ending December 31, 2018, reflect a challenging fiscal environment for Kadokawa Dwango, characterized by significant impairment losses and a downward revision of full-year earnings forecasts.

• Kadokawa Dwango significantly lowered its full-year fiscal 2019 operating income forecast from 8,000 million yen to 1,900 million yen, representing a 76% decrease from initial projections.
• The company recorded a 3,799 million yen impairment loss on fixed assets in the first nine months of the fiscal year, contributing to a net loss of 3,875 million yen for the period.
• The Web Services segment, which includes Niconico, swung to an operating loss of 700 million yen for the nine months ended December 31, 2018, compared to a 139 million yen profit in the prior year.

Kadokawa Dwango Financial Results for the 2nd Quarter Ended Sep 30, 2018

The financial results for Kadokawa Dwango for the first half of the fiscal year ending March 31, 2019, reflect a diversified performance across its core business segments.

• Kadokawa Dwango reported a year-on-year increase in both revenue and profit for the first half of the fiscal year ending March 31, 2019, with total revenue reaching 102,129 million yen and operating income at 2,864 million yen.
• The Publication segment was a primary growth driver, achieving 55,079 million yen in revenue and 3,003 million yen in operating income, fueled by strong performance in e-books and e-magazines via the BOOK☆WALKER store and external sales channels.
• The Video and Game segment saw revenue grow to 23,809 million yen and operating income to 2,532 million yen, bolstered by high overseas demand for anime licenses such as 'STEINS;GATE Zero' and 'Over Lord'.

Kadokawa Dwango Financial Results for the First Quarter Ended June 30, 2018

Kadokawa Dwango’s financial results for the first quarter ended June 30, 2018, reflect a period of mixed performance characterized by a slight year-on-year decline in total revenue and operating income.

• Kadokawa Dwango reported Q1 revenue of 49.6 billion yen and operating income of 399 million yen for the period ending June 30, 2018, representing a year-on-year decline in both metrics.
• The niconico platform saw its premium membership base drop to 2 million users, though the company noted that both the scale of the decline and the resulting operating losses were smaller than anticipated.
• The Publication segment maintained profitability by offsetting a decline in printed book sales with growth in e-books and e-magazines, keeping performance steady compared to the previous year.

Kadokawa Dwango Financial Results for the Fiscal Year Ended March 31, 2018

Kadokawa Dwango experienced a challenging fiscal year ending March 31, 2018, characterized by a sharp contraction in profitability.

• Kadokawa Dwango’s operating income fell by 62.7%, dropping from 8,419 million yen in the previous fiscal year to 3,144 million yen for the year ended March 31, 2018.
• The company is targeting 32 billion yen in digital business revenue by 2021 by diversifying revenue streams and reducing reliance on niconico premium memberships.
• Management forecasts a 154.4% surge in operating income and an 11.7% increase in total revenue for the fiscal year ending March 31, 2019.

Kadokawa Dwango Financial Results for the 3rd Quarter Ended December 31, 2017

Kadokawa Dwango’s financial results for the nine-month period ending December 31, 2017, reflect a challenging fiscal environment characterized by declining profitability across its primary business segments.

• Kadokawa Dwango reported a significant decline in profitability for the nine months ended December 31, 2017, with operating income dropping to 2,943 million yen, a 60.2% decrease compared to the same period in 2016.
• The Niconico platform experienced a decline in dues-paying members, contributing to lower revenue and increased operating expenses due to heavy investment in the new 'Niconico (く)' version and associated functional updates.
• The Publication segment saw a 38.2% year-on-year decrease in operating income to 3,802 million yen, driven by a decline in major hit titles and a reactionary drop in sales for books related to the movie 'Your Name.'

Kadokawa Dwango Financial Results for the 2nd Quarter Ended Sep 30, 2017

The financial results for Kadokawa Dwango for the first half of the fiscal year ending March 31, 2018, reflect a period of mixed performance characterized by a slight increase in consolidated revenue to 101.47 billion yen, contrasted by a decline in operating income to 2.86 billion yen.

• Kadokawa Dwango reported consolidated revenue of 101.47 billion yen for the first half of the fiscal year ending March 31, 2018, while operating income declined to 2.86 billion yen.
• The Video and Game segment emerged as the primary growth driver, achieving a 7.0% increase in revenue and a 44.1% surge in operating income due to strong social game performance and animation distribution.
• The Web Services segment, anchored by the Niconico platform, saw declines in both revenue and operating income driven by a drop in paid memberships and increased spending on platform renewals.

Kadokawa Dwango Financial Results for the First Quarter Ended June 30, 2017

The financial results for Kadokawa Dwango for the first quarter ended June 30, 2017, reveal a period of revenue growth accompanied by a significant contraction in operating income.

• Kadokawa Dwango reported a significant decline in consolidated operating income to 790 million yen for the quarter ended June 30, 2017, down from 2,732 million yen in the same period the previous year.
• The Publication segment, while increasing revenue to 27,013 million yen, saw operating income drop to 1,094 million yen from 2,157 million yen due to poor performance in mainstay graphic novels and comics.
• The Web Services segment recorded an operating loss of 72 million yen, driven by a decrease in premium Niconico members and ongoing investment costs for new services.

Kadokawa Dwango Financial Results for the Fiscal Year Ended March 31, 2017

The financial results for Kadokawa Dwango for the fiscal year ended March 31, 2017, detail the company’s performance across its core segments: Web Services, Publication, and Video and Game.

• Kadokawa Dwango reported total revenue of 205.7 billion yen for the fiscal year ended March 31, 2017, with operating income reaching 8.4 billion yen.
• Operating income fell short of initial expectations due to underperformance in the social gaming sector and rising corporate expenses.
• The Publication segment served as a primary stability driver, bolstered by improved inventory management, reduced paper book return rates, and e-book growth.

Kadokawa Dwango Financial Results: 3rd Quarter Ended December 31, 2016

Kadokawa Dwango’s financial results for the third quarter ended December 31, 2016, demonstrate a period of solid growth and operational efficiency.

• Kadokawa Dwango reported cumulative revenue of 150,428 million yen for the nine months ending December 31, 2016, a 3.0% increase year-over-year.
• Operating income rose 17.5% to 7,388 million yen, reaching 123.1% of the company's full-year forecast.
• The Publication segment saw a 59.3% surge in operating income and a 7.3% revenue increase, driven by media-mix products including books related to the film 'Your Name'.

Kadokawa Dwango Financial Results for the 2nd Quarter Ended September 30, 2016

Kadokawa Dwango’s financial results for the second quarter ended September 30, 2016, demonstrate a period of steady growth and strategic investment.

• Kadokawa Dwango reported strong H1 growth with consolidated revenue reaching 99,795 million yen, a 6.2% year-over-year increase, and profit attributable to owners rising 57.8% to 3,020 million yen.
• The Publication segment was the primary profit driver, recording an 11% revenue increase and a 304.2% surge in operating income due to strong e-book growth and media-mix performance.
• Operating income for the Video and Game segment fell 9.6% despite a 12.6% revenue increase, as the company lacked major hit video titles compared to the previous year.

Kadokawa Dwango Financial Results for the First Quarter Ended June 30, 2016

Kadokawa Dwango’s financial results for the first quarter ended June 30, 2016, demonstrate a stable start to the fiscal year, with the company maintaining its full-year revenue forecast of 200 billion yen.