Fact Book Fiscal Year Ended March 31, 2025 Marvelous Inc. Stock Exchange Listing: Prime Market of Tokyo Stock Exchange Stock Code: 7844
Company Profile (As of April 1,2025)
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
6,928
6,883
7,115
7,071
7,242
5,806
5,319
3,297
（42.6%)
3,738
（47.7%)
3,007 4,227
（48.3%) （61.6%)
3,872
（55.9%)
3,881
4,133 （54.6%)
（60.0%)
4,122
（53.1%)
3,045
（43.1%)
2,913
（40.2%)
3,030
（57.0%)
3,201
（55.1%)
2,787
3,011
（41.6%)
1,726
（32.5%)
2,344
（37.6%)
1,976
（28.8%)
1,754
（25.3%)
2,597
2,331
（30.0%)
3,046
（39.4%) （38.8%)
（24.3%) （36.5%)
1,600
（27.6%)
2,016
875 661 1,300 1,076 636 1,307 （26.1%)
1,237 1,058
1,318
（10.6%) （14.1%) （9.6%) （18.8%) （15.6%)
562
（8.9%) （16.8%)
（17.3%) （17.5%) （13.5%) （18.2%)
1,004
1,673
2,419
（31.3%)
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
FY ended March 2023 FY ended March 2024 FY ended March 2025
Amusument
Audio & Visual
6,227
1Q
6,866
2Q
Director Suminobu Sato
・Sales Structure by Segment (Quarterly) （Unit：million yen）
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
7,760 7,733
7,843
Major Shareholder (Top 10) (As of March 31,2025)
Stock Information (As of March 31,2025)
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% |
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
2021.3 | 2022.3 | 2023.3 | 2024.3 | 2025.3 | |
Net sales | 25,520 | 25,728 | 25,341 | 29,493 | 27,963 |
Cost of sales | 12,275 | 12,901 | 13,868 | 17,473 | 15,032 |
Gross operating profit | 13,244 | 12,827 | 11,473 | 12,020 | 12,930 |
SGA expenses | 8,830 | 8,227 | 8,984 | 9,605 | 11,113 |
Operating profit | 4,414 | 4,600 | 2,488 | 2,415 | 1,817 |
Ordinary profit | 4,558 | 5,054 | 2,931 | 3,002 | 1,800 |
Profit attributable to owners of parent | 3,265 | 3,817 | 1,925 | (517) | 818 |
Consolidated Statement of Income (Unit:million yen)
Net Sales (million yen） Operating profit (million yen）
Transition of Performance/Financial Indices/Transition of financial Data
27,963
25,520 25,728 25,341
29,493
30,000
24,000
18,000
12,000
6,000
6,000
4,414
4,600
2,488 2,415
1,817
4,800
3,600
2,400
1,200
0
2021.3 2022.3 2023.3 2024.3 2025.3
0
2021.3 2022.3 2023.3 2024.3 2025.3
Consolidated Balance
Ordinary profit (million yen） Profit attributable to owners of parent (million yen）
Sheet (Unit:million yen)
2021.3
2022.3
2023.3
2024.3
2025.3
Current assets
24,788
28,106
28,460
25,712
22,636
Fixed assets
8,674
8,425
7,986
8,825
10,266
Total assets
33,463
36,531
36,447
34,538
32,903
Current liabilities
6,499
7,143
6,880
6,907
6,551
Long-term liabilities
212
414
338
234
165
Net assets
26,751
28,973
29,227
27,396
26,187
2021.3
2022.3
2023.3
2024.3
2025.3
Cash flows from operating
activities
4,382
2,820
976
2,892
(101)
Cash flows from investing activities
(2,448)
(1,094)
(3,457)
(1,288)
(2,540)
Cash flows from financing activities
3,203
(2,007)
(2,007)
(2,167)
(2,007)
Cash and cash equivalents at end of period
16,403
16,431
12,553
12,677
7,880
Cash Flow Statement (Unit:million yen)
6,000
4,800
3,600
2,400
1,200
0
2021.3 2022.3 2023.3 2024.3 2025.3
4,000
5,054
4,558
2,931 3,002
1,800
3,000
2,000
1,000
0
(1,000)
3,817
3,265
1,925
818
2021.3 2022.3 2023.3 2024.3 2025.3
(517)
total Assets (million yen） Net Assets (million yen）
36,531 36,447
33,463
34,538
32,903
28,973 29,227
26,751
27,396
26,187
40,000
32,000
24,000
16,000
35,000
28,000
21,000
14,000
8,000
7,000
0
2021.3 2022.3 2023.3 2024.3 2025.3
0
2021.3 2022.3 2023.3 2024.3 2025.3
Transition of Performance/Financial Indices/Transition of financial Data
Per Share Indices
Net income per share (yen) Net assets per share (yen)
2021.3
2022.3
2023.3
2024.3
2025.3
Net income per share (yen)
55.64
63.23
31.85
(8.55)
13.52
Net assets per share (yen)
443.19
479.23
482.69
451.60
431.60
2021.3
2022.3
2023.3
2024.3
2025.3
Gross profit ratio (%)
51.9
49.9
45.3
40.8
46.2
Operating profit ratio (%)
17.3
17.9
9.8
8.2
6.5
Ordinary profit ratio (%)
17.9
19.6
11.6
10.2
6.4
Net profit ratio (%)
12.8
14.8
7.6
-
2.9
Profitability
70.00
63.23
55.64
31.85
13.52
2021.3 2022.3 2023.3 2024.3 2025.3
50.00
30.00
10.00
(10.00)
500.00
400.00
300.00
200.00
100.00
0.00
479.23 482.69
443.19
451.60
431.60
2021.3 2022.3 2023.3 2024.3 2025.3
2021.3
2022.3
2023.3
2024.3
2025.3
ROE (％)
13.9
13.7
6.6
(1.8)
3.1
ROA (％)
15.3
14.4
8.0
8.5
5.3
Capital ratio (%)
79.9
79.2
80.1
79.2
79.5
Efficiency & Security
Capital ratio
79.9
79.2
80.1
79.2 79.5
100.0
80.0
60.0
40.0
20.0
(%)
(8.55)
Operating profit ratio (%)
17.3 17.9
9.8
8.2
6.5
25.0
20.0
15.0
10.0
5.0
0.0
2021.3 2022.3 2023.3 2024.3 2025.3
0.0
2021.3 2022.3 2023.3 2024.3 2025.3
2021.3
2022.3
2023.3
2024.3
2025.3
Dividend (million yen)
2,007
2,007
2,007
2,007
608
Dividend payout ratio (%)
59.3
52.2
103.6
-
74.0
Return to Shareholders
ROE (％) ROA (％)
20.0
15.0
10.0
5.0
0.0
(5.0)
30.0
13.9
13.7
6.6
3.1
(1.8)
2021.3 2022.3 2023.3 2024.3 2025.3
24.0
18.0
12.0
6.0
0.0
15.3
14.4
8.0 8.5
5.3
2021.3 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 2022
FY ended March 2023
FY ended March 2024
FY ended March 2025
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
Net Sales
6,473
6,365
6,114
6,775
5,319
6,227
6,866
6,928
6,883
7,115
7,760
7,733
5,806
7,071
7,843
7,242
Cost of Sales
3,177
3,080
2,972
3,670
2,493
3,184
2,887
5,302
3,990
3,964
5,012
4,505
2,833
3,755
4,127
4,315
Gross Operating Profit
3,295
3,285
3,142
3,105
2,825
3,042
3,978
1,625
2,892
3,151
2,748
3,227
2,972
3,315
3,715
2,927
SGA expenses
1,830
1,848
2,036
2,510
2,045
2,048
2,575
2,314
2,360
2,529
2,511
2,203
2,907
2,788
2,741
2,675
Operating Profit
1,464
1,436
1,105
594
780
994
1,402
(688)
531
621
237
1,024
65
527
973
251
Ordinary Profit
1,474
1,509
1,205
864
1,132
1,294
1,082
(577)
886
759
100
1,256
373
0
1,282
144
Profit attributable to owners
of parent
1,074
1,004
858
880
752
903
755
(485)
609
500
64
(1,692)
198
(120)
950
(210)
cumulative total
FY ended March 2022
FY ended March 2023
FY ended March 2024
FY ended March 2025
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
6,473
12,838
18,953
25,728
5,319
11,546
18,412
25,341
6,883
13,999
21,760
29,493
5,806
12,877
20,720
27,963
Cost of Sales
3,177
6,258
9,230
12,901
2,493
5,677
8,565
13,868
3,990
7,955
12,967
17,473
2,833
6,588
10,716
15,032
Gross Operating Income
3,295
6,580
9,722
12,827
2,825
5,868
9,847
11,473
2,892
6,043
8,792
12,020
2,972
6,288
10,003
12,930
SGA expenses
1,830
3,679
5,716
8,227
2,045
4,094
6,670
8,984
2,360
4,890
7,401
9,605
2,907
5,695
8,437
11,113
Operating Profit
1,464
2,900
4,006
4,600
780
1,774
3,176
2,488
531
1,153
1,390
2,415
65
592
1,566
1,817
Ordinary Profit
1,474
2,984
4,190
5,054
1,132
2,427
3,509
2,931
886
1,646
1,746
3,002
373
373
1,656
1,800
Profit attributable to owners
of parent
1,074
2,079
2,937
3,817
752
1,655
2,410
1,925
609
1,110
1,174
(517)
198
78
1,029
818
Development of Sales and Income by Segment
*The segment classifications have been changed from the FY ended March 31, 2023, and the figures for the FY ended March 31, 2022 have been restated to reflect the new segment classifications.
Quarterly
FY ended March 2022
FY ended March 2023
FY ended March 2024
FY ended March 2025
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
Digital Contents
Sales
4,499
3,623
3,209
4,077
3,030
3,007
4,227
3,872
4,133
3,881
4,122
3,297
3,201
3,045
3,738
2,913
Income
1,443
1,159
885
429
252
345
1,036
(855)
114
41
(457)
775
(46)
150
611
221
Amusement
Sales
1,225
1,605
1,873
1,593
1,726
2,344
1,976
1,754
1,673
2,597
2,331
2,419
1,600
2,787
3,046
3,011
Income
348
593
507
332
702
906
718
458
640
953
919
594
480
725
769
709
Audio&Visual
Sales
748
1,136
1,031
1,104
562
875
661
1,300
1,076
636
1,307
2,016
1,004
1,237
1,058
1,318
Income
18
39
78
365
229
135
30
142
201
40
194
95
87
83
22
(242)
cumulative total
FY ended March 2022
FY ended March 2023
FY ended March 2024
FY ended March 2025
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
4,499
8,122
11,332
15,410
3,030
6,038
10,266
14,138
4,133
8,015
12,137
15,435
3,201
6,246
9,985
12,898
Income
1,443
2,603
3,488
3,918
252
598
1,635
779
114
156
(300)
474
(46)
104
715
937
Amusement
Sales
1,225
2,830
4,704
6,298
1,726
4,070
6,047
7,801
1,673
4,271
6,602
9,021
1,600
4,388
7,435
10,446
Income
348
941
1,448
1,781
702
1,609
2,328
2,786
640
1,593
2,512
3,107
480
1,206
1,976
2,685
Audio&Visual
Sales
748
1,884
2,916
4,020
562
1,438
2,099
3,400
1,076
1,712
3,019
5,036
1,004
2,242
3,300
4,618
Income
18
57
136
501
229
364
394
537
201
242
436
531
87
170
193
(49)
End of each Quarter
FY ended March 2022
FY ended March 2023
FY ended March 2024
FY ended March 2025
end of Jun. 2020
end of Sep. 2020
end of Dec. 2020
end of Mar. 2021
end of Jun. 2021
end of Sep. 2021
end of Dec. 2021
end of Mar. 2022
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
Current Assets
24,823
27,051
26,610
28,106
26,679
26,265
28,609
28,460
26,327
28,380
28,317
25,712
25,086
21,759
23,205
22,636
Fixed Assets
8,723
8,781
9,100
8,425
8,536
9,245
9,233
7,986
8,117
8,426
7,784
8,825
10,243
10,803
10,776
10,266
Total Assets
33,546
35,833
35,710
36,531
35,216
35,511
37,842
36,447
34,445
36,807
36,101
34,538
35,329
32,562
33,981
32,903
Current Liabilities
7,478
8,740
7,672
7,143
6,645
5,831
7,825
6,880
5,853
7,609
6,998
6,907
9,307
7,073
7,253
6,551
Long-Term Liabilities
212
186
186
414
414
338
338
338
338
234
234
234
234
181
181
165
Net Assets
25,856
26,905
27,851
28,973
28,155
29,341
29,678
29,227
28,253
28,963
28,868
27,396
25,787
25,308
26,547
26,187
Consolidated Balance Sheet
4