Fact Book First Half of Fiscal Year Ending March 31, 2026 Marvelous Inc. Stock Exchange Listing: Prime Market of Tokyo Stock Exchange Stock Code: 7844
Company Profile (As of June 23,2025)
Segment Information
In line with our management philosophy of the "'wonder' and 'Excitement' to the world with New Entertainment," Marvelous Inc. is a comprehensive entertainment company which develops game software, online games, amusement games, audio & visual content, stage and musical performances, and other products and services.
Company Name: Marvelous Inc.
Head Office: Shinagawa Seaside East Tower,4-12-8 Higashi-Shinagawa, Shinagawa-ku, Tokyo, Japan
Established: June 25, 1997 Capital: 3,611 million yen
1,307
（16.8%)
3Q
Stock Information (As of September 30,2025)
2,419
（31.3%)
2,597
（36.5%)
636
（8.9%)
2Q
1,076
（15.6%)
1Q
1,673
（24.3%)
3,011
（41.6%)
991
（8.6%)
2Q
4Q
2,787
（39.4%)
3,046
（38.8%)
3,345
2,637 （29.0%)
（30.2%)
1,237
（17.5%)
2Q
1,058
（13.5%)
3Q
1,318
（18.2%)
4Q
891
（10.2%)
1Q
FY2024 FY2025 FY2026
7,204
（62.4%)
Major Shareholder (Top 10) (As of September 30,2025)
5,806
8,739
・Sales Structure by Segment (Quarterly) （Unit：million yen）
Digital Contents Amusument Audio & Visual
7,760 7,733
7,843
6,883
7,115
7,071
7,242
3,201
（55.1%)
3,297
（42.6%)
2,016
（26.1%)
3,738
（47.7%)
5,210
（59.6%)
4,133
（60.0%)
3,881
（54.6%)
4,122
（53.1%)
3,045
（43.1%)
2,913
（40.2%)
2,331
（30.0%)
1,600
（27.6%)
1,004
（17.3%)
1Q
President Shinichi Terui
Director Chihiro Noguchi
Director (External) Shunichi Nakamura
Director (External) Makoto Arima
Director (External) Shin Joon Oh
Director (External) Sakurako Konishi
Director (External) Hideki Okamura
Director (External) Ryu Takahashi Standing Statutory Auditor Ken Sato Corporate Auditor (External) Hisashi Miyazaki Corporate Auditor (External) Masaaki Suzuki
Corporate Auditor (External) Takanobu Yamaguchi
Developing games using original IPs and other leading IPs for a variety of platforms.
Digital Contents
Business
Amusement Business
Audio & Visual
Business
Collaborations with influential IPs and planning and development of arcade game machines.
Developing a wide range of diverse content for music, video and live entertainment markets
11,541
Image Frame Investment (HK) Limited | 20.00% |
Hayao Nakayama | 14.81% |
Amuse Capital Investment, K.K. | 9.38% |
Haruki Nakayama | 9.04% |
The Master Trust Bank of Japan, Ltd. (Trust Account) | 7.13% |
Custody Bank of Japan, Ltd. (Trust Account) | 1.26% |
BNYM AS AGT/CLTS NON TREATY JASDEC | 1.22% |
THE BANK OF NEW YORK MELLON 140040 | 1.11% |
BNYMSANV RE BNYMSANVGC RE GCM CLIENT ACC GCS RD JP EQ | 0.86% |
JP MORGAN CHASE BANK 385781 | 0.80% |
End of term: March 31
Total number of authorized shares: 90,000,000 Number of shareholders: 24,561
Shares per unit: 100
Total shares outstanding: 62,216,400
*1. Shareholding ratios are calculated after deduction of treasure stock (1,372,631 shares).
*2. Shareholding ratios are rounded off after three decimal places.
Contact: Corporate Division, Corporate Planning Department E-mail: ir@marv.jp
1
2022.3 | 2023.3 | 2024.3 | 2025.3 | 2026.2Q | |
Net sales | 25,728 | 25,341 | 29,493 | 27,963 | 20,281 |
Cost of sales | 12,901 | 13,868 | 17,473 | 15,032 | 14,154 |
Gross operating profit | 12,827 | 11,473 | 12,020 | 12,930 | 6,127 |
SGA expenses | 8,227 | 8,984 | 9,605 | 11,113 | 5,900 |
Operating profit | 4,600 | 2,488 | 2,415 | 1,817 | 226 |
Ordinary profit | 5,054 | 2,931 | 3,002 | 1,800 | 380 |
Profit attributable to owners of parent | 3,817 | 1,925 | (517) | 818 | 184 |
Consolidated Statement of Income (Unit:million yen)
Net Sales (million yen） Operating profit (million yen）
30,000
24,000
18,000
12,000
6,000
6,000
29,493
27,963
25,728 25,341
20,281
4,600
2,488 2,415
1,817
226
4,800
3,600
2,400
1,200
0
2022.3 2023.3 2024.3 2025.3 2026.2Q
0
2022.3 2023.3 2024.3 2025.3 2026.2Q
Ordinary profit (million yen） Profit attributable to owners of parent (million yen）
Consolidated Balance Sheet (Unit:million yen)
2022.3
2023.3
2024.3
2025.3
2026.2Q
Current assets
28,106
28,460
25,712
22,636
23,442
Fixed assets
8,425
7,986
8,825
10,266
10,885
Total assets
36,531
36,447
34,538
32,903
34,328
Current liabilities
7,143
6,880
6,907
6,551
8,407
Long-term liabilities
414
338
234
165
165
Net assets
28,973
29,227
27,396
26,187
25,755
6,000
4,800
3,600
2,400
1,200
0
2022.3 2023.3 2024.3 2025.3 2026.2Q
4,000
5,054
2,931 3,002
1,800
380
3,000
2,000
1,000
0
(1,000)
3,817
1,925
818
184
2022.3 2023.3 2024.3 2025.3 2026.2Q
(517)
total Assets (million yen） Net Assets (million yen）
Cash Flow Statement (Unit:million yen)
2022.3
2023.3
2024.3
2025.3
2026.2Q
Cash flows from operating
activities
2,820
976
2,892
(101)
5,822
Cash flows from investing activities
(1,094)
(3,457)
(1,288)
(2,540)
(749)
Cash flows from financing activities
(2,007)
(2,007)
(2,167)
(2,007)
(608)
Cash and cash equivalents at end of period
16,431
12,553
12,677
7,880
12,386
40,000
32,000
24,000
16,000
8,000
35,000
36,531 36,447
34,538
32,903
34,328
28,973 29,227
27,396
26,187 25,755
28,000
21,000
14,000
7,000
0
2022.3 2023.3 2024.3 2025.3 2026.2Q
0
2
2022.3 2023.3 2024.3 2025.3 2026.2Q
Transition of Performance/Financial Indices/Transition of financial Data
Per Share Indices
Net income per share (yen) Net assets per share (yen)
2022.3
2023.3
2024.3
2025.3
2026.2Q
Net income per share (yen)
63.23
31.85
(8.55)
13.52
3.04
Net assets per share (yen)
479.23
482.69
451.60
431.60
424.66
2022.3
2023.3
2024.3
2025.3
2026.2Q
Gross profit ratio (%)
49.9
45.3
40.8
46.2
30.2
Operating profit ratio (%)
17.9
9.8
8.2
6.5
1.1
Ordinary profit ratio (%)
19.6
11.6
10.2
6.4
1.9
Net profit ratio (%)
14.8
7.6
-
2.9
0.9
Profitability
70.00
50.00
30.00
10.00
63.23
31.85
13.52
3.04
500.00
479.23 482.69
451.60
431.60
424.66
400.00
300.00
200.00
100.00
0.00
▲ 10.00
2022.3 2023.3 2024.3 2025.3 2026.2Q
▲ 8.55
2022.3 2023.3 2024.3 2025.3 2026.2Q
Equity ratio (%) Operating profit ratio (%)
79.2 80.1 79.2 79.5
74.9
100.0
2022.3
2023.3
2024.3
2025.3
2026.2Q
Return on Equity (ROE) (％)
13.7
6.6
(1.8)
3.1
-
Ratio of ordinary profit to total assets (ROA) (％)
14.4
8.0
8.5
5.3
-
Equity Ratio (%)
79.2
80.1
79.2
79.5
74.9
Efficiency & Security
80.0
60.0
40.0
25.0
17.9
9.8
8.2
6.5
1.1
20.0
15.0
10.0
2022.3
2023.3
2024.3
2025.3
2026.2Q
Dividend (million yen)
2,007
2,007
2,007
608
-
Dividend payout ratio (%)
52.2
103.6
-
74.0
-
Return to Shareholders
20.0
0.0
2022.3 2023.3 2024.3 2025.3 2026.2Q
5.0
0.0
2022.3 2023.3 2024.3 2025.3 2026.2Q
Return on Equity (ROE) (％) Ratio of ordinary profit to total assets (ROA) (％)
20.0
15.0
30.0
13.7
6.6
3.1
2022.3
2023.3
▲ 1.8
2024.3 2025.3
14.4
8.0
8.5
5.3
24.0
10.0
5.0
0.0
▲ 5.0
18.0
12.0
6.0
0.0
2022.3 2023.3 2024.3 2025.3
3
Transition of Performance/Financial Indices/Transition of financial Data
Transition of Performance/Financial Indices/Transition of financial Data
Consolidated Statement of Income (Unit:million yen)
Quarterly
FY ended March 2023
FY ended March 2024
FY ended March 2025
FY ending March 2026
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
Net Sales
5,319
6,227
6,866
6,928
6,883
7,115
7,760
7,733
5,806
7,071
7,843
7,242
8,739
11,541
Cost of Sales
2,493
3,184
2,887
5,302
3,990
3,964
5,012
4,505
2,833
3,755
4,127
4,315
5,621
8,533
Gross Operating Profit
2,825
3,042
3,978
1,625
2,892
3,151
2,748
3,227
2,972
3,315
3,715
2,927
3,118
3,008
SGA expenses
2,045
2,048
2,575
2,314
2,360
2,529
2,511
2,203
2,907
2,788
2,741
2,675
2,875
3,025
Operating Profit
780
994
1,402
(688)
531
621
237
1,024
65
527
973
251
243
(17)
Ordinary Profit
1,132
1,294
1,082
(577)
886
759
100
1,256
373
0
1,282
144
219
161
Profit attributable to owners
of parent
752
903
755
(485)
609
500
64
(1,692)
198
(120)
950
(210)
112
71
cumulative total
FY ended March 2023
FY ended March 2024
FY ended March 2025
FY ending March 2026
1Q
(3 months)
2Q
(6 months)
3Q
(9 months)
4Q
(Full year)
1Q
(3 months)
2Q
(6 months)
3Q
(9 months)
4Q
(Full year)
1Q
(3 months)
2Q
(6 months)
3Q
(9 months)
4Q
(Full year)
1Q
(3 months)
2Q
(6 months)
3Q
(9 months)
4Q
(Full year)
Net Sales
5,319
11,546
18,412
25,341
6,883
13,999
21,760
29,493
5,806
12,877
20,720
27,963
8,739
20,281
Cost of Sales
2,493
5,677
8,565
13,868
3,990
7,955
12,967
17,473
2,833
6,588
10,716
15,032
5,621
14,154
Gross Operating Income
2,825
5,868
9,847
11,473
2,892
6,043
8,792
12,020
2,972
6,288
10,003
12,930
3,118
6,127
SGA expenses
2,045
4,094
6,670
8,984
2,360
4,890
7,401
9,605
2,907
5,695
8,437
11,113
2,875
5,900
Operating Profit
780
1,774
3,176
2,488
531
1,153
1,390
2,415
65
592
1,566
1,817
243
226
Ordinary Profit
1,132
2,427
3,509
2,931
886
1,646
1,746
3,002
373
373
1,656
1,800
219
380
Profit attributable to owners
of parent
752
1,655
2,410
1,925
609
1,110
1,174
(517)
198
78
1,029
818
112
184
Development of Sales and Income by Segment
Quarterly
FY ended March 2023
FY ended March 2024
FY ended March 2025
FY ending March 2026
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
Digital Contents
Sales
3,030
3,007
4,227
3,872
4,133
3,881
4,122
3,297
3,201
3,045
3,738
2,913
5,210
7,204
Income
252
345
1,036
(855)
114
41
(457)
775
(46)
150
611
221
(349)
(721)
Amusement
Sales
1,726
2,344
1,976
1,754
1,673
2,597
2,331
2,419
1,600
2,787
3,046
3,011
2,637
3,345
Income
702
906
718
458
640
953
919
594
480
725
769
709
757
945
Audio&Visual
Sales
562
875
661
1,300
1,076
636
1,307
2,016
1,004
1,237
1,058
1,318
891
991
Income
229
135
30
142
201
40
194
95
87
83
22
(242)
289
194
cumulative total
FY ended March 2023
FY ended March 2024
FY ended March 2025
FY ending March 2026
1Q
(3 months)
2Q
(6 months)
3Q
(9 months)
4Q
(Full year)
1Q
(3 months)
2Q
(6 months)
3Q
(9 months)
4Q
(Full year)
1Q
(3 months)
2Q
(6 months)
3Q
(9 months)
4Q
(Full year)
1Q
(3 months)
2Q
(6 months)
3Q
(9 months)
4Q
(Full year)
Digital Contents
Sales
3,030
6,038
10,266
14,138
4,133
8,015
12,137
15,435
3,201
6,246
9,985
12,898
5,210
12,414
Income
252
598
1,635
779
114
156
(300)
474
(46)
104
715
937
(349)
(1,070)
Amusement
Sales
1,726
4,070
6,047
7,801
1,673
4,271
6,602
9,021
1,600
4,388
7,435
10,446
2,637
5,982
Income
702
1,609
2,328
2,786
640
1,593
2,512
3,107
480
1,206
1,976
2,685
757
1,702
Audio&Visual
Sales
562
1,438
2,099
3,400
1,076
1,712
3,019
5,036
1,004
2,242
3,300
4,618
891
1,883
Income
229
364
394
537
201
242
436
531
87
170
193
(49)
289
483
Consolidated Balance Sheet
End of each Quarter | FY ended March 2023 | FY ended March 2024 | FY ended March 2025 | FY ending March 2026 | ||||||||||||
end of Jun. 2022 | end of Sep. 2022 | end of Dec. 2022 | end of Mar. 2023 | end of Jun. 2023 | end of Sep. 2023 | end of Dec. 2023 | end of Mar. 2024 | end of Jun. 2024 | end of Sep. 2024 | end of Dec. 2024 | end of Mar. 2025 | end of Jun. 2025 | end of Sep. 2025 | end of Dec. 2025 | end of Mar. 2026 | |
Current Assets | 26,679 | 26,265 | 28,609 | 28,460 | 26,327 | 28,380 | 28,317 | 25,712 | 25,086 | 21,759 | 23,205 | 22,636 | 25,562 | 23,442 | ||
Fixed Assets | 8,536 | 9,245 | 9,233 | 7,986 | 8,117 | 8,426 | 7,784 | 8,825 | 10,243 | 10,803 | 10,776 | 10,266 | 10,471 | 10,885 | ||
Total Assets | 35,216 | 35,511 | 37,842 | 36,447 | 34,445 | 36,807 | 36,101 | 34,538 | 35,329 | 32,562 | 33,981 | 32,903 | 36,033 | 34,328 | ||
Current Liabilities | 6,645 | 5,831 | 7,825 | 6,880 | 5,853 | 7,609 | 6,998 | 6,907 | 9,307 | 7,073 | 7,253 | 6,551 | 10,235 | 8,407 | ||
Long-Term Liabilities | 414 | 338 | 338 | 338 | 338 | 234 | 234 | 234 | 234 | 181 | 181 | 165 | 165 | 165 | ||
Net Assets | 28,155 | 29,341 | 29,678 | 29,227 | 28,253 | 28,963 | 28,868 | 27,396 | 25,787 | 25,308 | 26,547 | 26,187 | 25,633 | 25,755 | ||
4