Marvelous Inc.TSE: 7844

FACTBOOK for the First Quarter of Fiscal Year Ending March 31, 2026

· Issued by Marvelous Inc.


‌Fact Book First Quarter 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

President Shinichi Terui

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

Director Chihiro Noguchi

Director (External) Shunichi Nakamura

・Sales Structure by Segment (Quarterly) （Unit：million yen）

Digital Contents

8,739

Director (External) Makoto Arima

Director (External) Shin Joon Oh

Director (External) Sakurako Konishi

Director (External) Hideki Okamura

Director (External) Ryu Takahashi

Amusument

Audio & Visual 6,883

7,115

7,760 7,733

3,297

5,806

7,071

7,843

3,738

7,242

5,210

Standing Statutory Auditor Ken Sato Corporate Auditor (External) Hisashi Miyazaki Corporate Auditor (External) Masaaki Suzuki

Corporate Auditor (External) Takanobu Yamaguchi

4,133

Major Shareholder (Top 10) (As of March 31,2025)

（60.0%)

1,673

（24.3%)

1,076

3,881

（54.6%)

2,597

636

8.9%

（36.5%)

4,122

（53.1%)

2,331

（30.0%)

1,307

（42.6%)

2,419

（31.3%)

2,016

（26.1%)

3,201

（55.1%)

1,600

（27.6%)

1,004

3,045

（43.1%)

2,787

（39.4%)

1,237

（47.7%)

3,046

（38.8%)

1,058

2,913

（40.2%)

3,011

（41.6%)

1,318

（59.6%)

2,637

（30.2%)

891

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)

7.49%

Custody Bank of Japan, Ltd. (Trust Account)

1.28%

BNYM AS AGT/CLTS NON TREATY JASDEC

1.11%

THE BANK OF NEW YORK MELLON 140040

0.50%

STATE STREET BANK AND TRUST COMPANY 505001

0.46%

Custody Bank of Japan, Ltd. (Trust E Account)

0.44%

（15.6%)

（ ) （16.8%)

（17.3%)

（17.5%)

（13.5%)

（18.2%)

（10.2%)

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

FY ended March 2024 FY ended March 2025 FY ending March 2026

Stock Information (As of March 31,2025)

End of term: March 31

Total number of authorized shares: 90,000,000 Number of shareholders: 27,358

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

2026.1Q

Net sales

25,728

25,341

29,493

27,963

8,739

Cost of sales

12,901

13,868

17,473

15,032

5,621

Gross operating profit

12,827

11,473

12,020

12,930

3,118

SGA expenses

8,227

8,984

9,605

11,113

2,875

Operating profit

4,600

2,488

2,415

1,817

243

Ordinary profit

5,054

2,931

3,002

1,800

219

Profit attributable to owners

of parent

3,817

1,925

(517)

818

112

  • ‌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

    29,493

    27,963

    25,728 25,341

    8,739

    4,600

    2,488 2,415

    1,817

    243

    4,800

    3,600

    2,400

    6,000

    0

    2022.3 2023.3 2024.3 2025.3 2026.1Q

    1,200

    0

    2022.3 2023.3 2024.3 2025.3 2026.1Q

    2022.3

    2023.3

    2024.3

    2025.3

    2026.1Q

    Current assets

    28,106

    28,460

    25,712

    22,636

    25,562

    Fixed assets

    8,425

    7,986

    8,825

    10,266

    10,471

    Total assets

    36,531

    36,447

    34,538

    32,903

    36,033

    Current liabilities

    7,143

    6,880

    6,907

    6,551

    10,235

    Long-term liabilities

    414

    338

    234

    165

    165

    Net assets

    28,973

    29,227

    27,396

    26,187

    25,633

  • Consolidated Balance Sheet (Unit:million yen)

    Ordinary profit (million yen） Profit attributable to owners of parent (million yen）

    6,000

    4,000

    3,817

    2022.3

    2023.3

    2024.3

    2025.3

    2026.1Q

    Cash flows from operating

    activities

    2,820

    976

    2,892

    (101)

    -

    Cash flows from investing activities

    (1,094)

    (3,457)

    (1,288)

    (2,540)

    -

    Cash flows from financing activities

    (2,007)

    (2,007)

    (2,167)

    (2,007)

    -

    Cash and cash equivalents at end of period

    16,431

    12,553

    12,677

    7,880

    -

  • Cash Flow Statement (Unit:million yen)

    4,800

    3,600

    2,400

    1,200

    0

    5,054

    2,931 3,002

    1,800

    219

    2022.3 2023.3 2024.3 2025.3 2026.1Q

    3,000

    2,000

    1,000

    0

    (1,000)

    1,925

    818

    112

    2022.3 2023.3 2024.3 2025.3 2026.1Q

    (517)

    total Assets (million yen） Net Assets (million yen）

    40,000

    32,000

    24,000

    16,000

    35,000

    36,531 36,447

    34,538

    36,033

    32,903

    28,973 29,227

    27,396

    26,187

    25,633

    28,000

    21,000

    14,000

    8,000 7,000

    0

    2022.3 2023.3 2024.3 2025.3 2026.1Q

    0

    2

    2022.3 2023.3 2024.3 2025.3 2026.1Q

    Transition of Performance/Financial Indices/Transition of financial Data



    Transition of Performance/Financial Indices/Transition of financial Data



    2022.3

    2023.3

    2024.3

    2025.3

    2026.1Q

    Net income per share (yen)

    63.23

    31.85

    (8.55)

    13.52

    1.86

    Net assets per share (yen)

    479.23

    482.69

    451.60

    431.60

    422.50

  • ‌Per Share Indices

    Net income per share (yen) Net assets per share (yen)

    479.23 482.69

    63.23

    31.85

    13.52

    1.86

    2022.3 2023.3 2024.3 2025.3 2026.1Q

    451.60

    431.60

    422.50

    70.00 500.00

    2022.3

    2023.3

    2024.3

    2025.3

    2026.1Q

    Gross profit ratio (%)

    49.9

    45.3

    40.8

    46.2

    35.7

    Operating profit ratio (%)

    17.9

    9.8

    8.2

    6.5

    2.8

    Ordinary profit ratio (%)

    19.6

    11.6

    10.2

    6.4

    2.5

    Net profit ratio (%)

    14.8

    7.6

    -

    2.9

    1.3

  • Profitability

    50.00

    30.00

    400.00

    300.00

    200.00

    10.00

    (10.00)

    (8.55)

    100.00

    0.00

    2022.3 2023.3 2024.3 2025.3 2026.1Q

    79.2 80.1 79.2 79.5

    71.0



    Equity ratio (%) Operating profit ratio (%)

    2022.3

    2023.3

    2024.3

    2025.3

    2026.1Q

    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

    71.0

  • Efficiency & Security

    100.0

    80.0

    25.0

    17.9

    9.8

    8.2

    6.5

    2.8



    20.0

    2022.3

    2023.3

    2024.3

    2025.3

    2026.1Q

    Total dividends (million yen)

    2,007

    2,007

    2,007

    608

    -

    Dividend payout ratio (%)

    52.2

    103.6

    -

    74.0

    -

  • Return to Shareholders

    60.0

    40.0

    20.0

    0.0

    2022.3 2023.3 2024.3 2025.3 2026.1Q

    15.0

    10.0

    5.0

    0.0

    2022.3 2023.3 2024.3 2025.3 2026.1Q

    Return on Equity (ROE) (％) Ratio of ordinary profit to total assets (ROA) (％)

    20.0

    15.0

    30.0

    13.7

    6.6

    3.1

    (1.8)

    2022.3

    2023.3

    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



  • ‌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

    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

    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

    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

    Operating Profit

    780

    994

    1,402

    (688)

    531

    621

    237

    1,024

    65

    527

    973

    251

    243

    Ordinary Profit

    1,132

    1,294

    1,082

    (577)

    886

    759

    100

    1,256

    373

    0

    1,282

    144

    219

    Profit attributable to owners

    of parent

    752

    903

    755

    (485)

    609

    500

    64

    (1,692)

    198

    (120)

    950

    (210)

    112

    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

    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

    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

    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

    Operating Profit

    780

    1,774

    3,176

    2,488

    531

    1,153

    1,390

    2,415

    65

    592

    1,566

    1,817

    243

    Ordinary Profit

    1,132

    2,427

    3,509

    2,931

    886

    1,646

    1,746

    3,002

    373

    373

    1,656

    1,800

    219

    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

  • 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

    Income

    252

    345

    1,036

    (855)

    114

    41

    (457)

    775

    (46)

    150

    611

    221

    (349)

    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

    Income

    702

    906

    718

    458

    640

    953

    919

    594

    480

    725

    769

    709

    757

    Audio&Visual

    Sales

    562

    875

    661

    1,300

    1,076

    636

    1,307

    2,016

    1,004

    1,237

    1,058

    1,318

    891

    Income

    229

    135

    30

    142

    201

    40

    194

    95

    87

    83

    22

    (242)

    289

    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

    Income

    252

    598

    1,635

    779

    114

    156

    (300)

    474

    (46)

    104

    715

    937

    (349)

    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

    Income

    702

    1,609

    2,328

    2,786

    640

    1,593

    2,512

    3,107

    480

    1,206

    1,976

    2,685

    757

    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

    Income

    229

    364

    394

    537

    201

    242

    436

    531

    87

    170

    193

    (49)

    289

  • 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

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

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

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

Long-Term Liabilities

414

338

338

338

338

234

234

234

234

181

181

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

4