Fact Book Fiscal Year Ended March 31, 2026 Marvelous Inc. Stock Exchange Listing: Prime Market of Tokyo Stock Exchange Securities Code: 7844
Company Profile (As of June 23,2025)
Segment Information
Under our management philosophy of "Creating new entertainment to provide 'Wonder' and 'Excitement' to the world," Marvelous Inc. is a comprehensive entertainment company that develops game software, online games, amusement games, audio and visual content, stage productions, musicals, and other entertainment 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
Developing games using original IPs and other leading IPs for a variety of platforms.
Digital Content 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
7,843
1,042
3,881
4,133 （54.6%)
（60.0%)
2,331
（30.0%)
3,592
（40.5%)
2,787 3,046
3,297
（42.6%)
4,481
（50.7%)
3,045
（43.1%)
5,210
4,122
（53.1%)
6,883
7,242
（47.7%) （40.2%) （59.6%)
991
3,011
7,115
3,413
（38.5%)
（39.4%) （38.8%) （41.6%)
7,204
（62.4%)
2,913
27.6%
8,840 8,861
3,201
（55.1%)
2Q
2Q
1,307 2,016
) （ )
（16.8% 26.1%
7,071
4Q
2Q
3Q
1,004
Digital Content Amusement
Audio & Visual
1,237 1,058 1,318 891
1Q
4Q
1,855
3Q
（15.6%) （8.9%)
1,600
（ )
1Q
2,419
（31.3%)
FY2024 FY2025 FY2026
2,637 （29.0%) （37.5%)
（30.2%)
1Q
8,739
（17.3%) （17.5%) （13.5%)（18.2%) （10.2%) （8.6%) （11.8%) （21.0%)
3Q
5,806
（24.3%) （36.5%)
1,076 636
4Q
1,673 2,597
7,760 7,733
3,738
3,345 3,315
11,541
President and Representative Director, Executive Officer Director and Executive Officer
Outside Director Outside Director Outside Director Outside Director Outside Director Outside Director
Full-time Audit & Supervisory Board Member Outside Audit & Supervisory Board Member Outside Audit & Supervisory Board Member Outside Audit & Supervisory Board Member
Shinichi Terui Chihiro Noguchi Shunichi Nakamura Makoto Arima
Shin Joon Oh Sakurako Konishi Hideki Okamura Ryu Takahashi Ken Sato
Hisashi Miyazaki Masaaki Suzuki Takanobu Yamaguchi
・Sales Structure by Segment (Quarterly) （Unit：million yen）
Major Shareholder (Top 10) (As of March 31,2026)
Stock Information (As of March 31,2026)
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) | 6.97% |
Custody Bank of Japan, Ltd. (Trust Account) | 1.24% |
UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT | 0.84% |
JP MORGAN CHASE BANK 385781 | 0.81% |
THE BANK OF NEW YORK MELLON 140040 | 0.63% |
Custody Bank of Japan, Ltd. (Trust Account 4) | 0.62% |
End of term: March 31
Total number of authorized shares: 90,000,000 Number of shareholders: 24,641
Shares per unit: 100
Total shares outstanding: 62,216,400
*1. Shareholding ratios are calculated after deduction of treasury stock (1,372,641 shares).
*2. Shareholding ratios are rounded off after three decimal places.
Inquiries: Corporate Division, Corporate Planning Department E-mail: ir@marv.jp
1
2022.3 | 2023.3 | 2024.3 | 2025.3 | 2026.3 | |
Net sales | 25,728 | 25,341 | 29,493 | 27,963 | 37,982 |
Cost of sales | 12,901 | 13,868 | 17,473 | 15,032 | 24,482 |
Gross profit | 12,827 | 11,473 | 12,020 | 12,930 | 13,500 |
SG&A expenses | 8,227 | 8,984 | 9,605 | 11,113 | 11,251 |
Operating profit | 4,600 | 2,488 | 2,415 | 1,817 | 2,248 |
Ordinary profit | 5,054 | 2,931 | 3,002 | 1,800 | 2,856 |
Profit attributable to owners of parent | 3,817 | 1,925 | (517) | 818 | 1,994 |
Consolidated Statement of Income (Unit:million yen)
Net Sales (million yen） Operating profit (million yen）
29,493
27,963
25,728 25,341
40,000
30,000
20,000
10,000
37,982
6,000
4,600
2,488 2,415
2,248
1,817
4,800
3,600
2,400
1,200
0
2022.3 2023.3 2024.3 2025.3 2026.3
0
2022.3 2023.3 2024.3 2025.3 2026.3
2022.3
2023.3
2024.3
2025.3
2026.3
Current assets
28,106
28,460
25,712
22,636
26,075
Fixed assets
8,425
7,986
8,825
10,266
9,434
Total assets
36,531
36,447
34,538
32,903
35,510
Current liabilities
7,143
6,880
6,907
6,551
7,572
Long-term liabilities
414
338
234
165
163
Net assets
28,973
29,227
27,396
26,187
27,775
Consolidated Balance Sheet
1,925
1,994
818
2022.3 2023.3 2024.3 2025.3 2026.3
(517)
Ordinary profit (million yen） Profit attributable to owners of parent (million yen）
6,000
4,800
3,600
2,400
1,200
4,000
5,054
2,931 3,002
2,856
1,800
3,000
2,000
1,000
3,817
2022.3
2023.3
2024.3
2025.3
2026.3
Cash flows from operating
activities
2,820
976
2,892
(101)
11,344
Cash flows from investing
activities
(1,094)
(3,457)
(1,288)
(2,540)
(1,617)
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
17,488
Cash Flow Statement
0
2022.3 2023.3 2024.3 2025.3 2026.3
0
(1,000)
Total assets (million yen） Net assets (million yen）
40,000
32,000
24,000
35,000
36,531 36,447
34,538
35,510
32,903
28,973 29,227
27,396
27,775
26,187
28,000
21,000
16,000 14,000
8,000 7,000
0 0
Transition of Performance/Financial Indices/Transition of financial Data
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
2026.3
Net income per share (yen)
63.23
31.85
(8.55)
13.52
32.93
Net assets per share (yen)
479.23
482.69
451.60
431.60
458.02
2022.3
2023.3
2024.3
2025.3
2026.3
Gross profit ratio (%)
49.9
45.3
40.8
46.2
35.5
Operating profit ratio (%)
17.9
9.8
8.2
6.5
5.9
Ordinary profit ratio (%)
19.6
11.6
10.2
6.4
7.5
Net profit ratio (%)
14.8
7.6
-
2.9
5.3
Profitability
70.00
50.00
30.00
10.00
(10.00)
63.23
31.85
32.93
13.52
2022.3 2023.3 2024.3 2025.3 2026.3
(8.55)
500.00
400.00
300.00
200.00
100.00
0.00
479.23 482.69
451.60
458.02
431.60
2022.3 2023.3 2024.3 2025.3 2026.3
79.2 80.1 79.2 79.5
78.1
Equity ratio (%) Operating profit ratio (%)
Efficiency & Security
2022.3
2023.3
2024.3
2025.3
2026.3
Return on Equity (ROE) (％)
13.7
6.6
(1.8)
3.1
7.4
Ordinary profit to total assets ratio (ROA) (％)
14.4
8.0
8.5
5.3
8.4
Equity Ratio (%)
79.2
80.1
79.2
79.5
78.1
100.0
80.0
60.0
40.0
20.0
25.0
17.9
9.8
8.2
6.5
5.9
20.0
15.0
10.0
5.0
2022.3
2023.3
2024.3
2025.3
2026.3
Total cash dividends
(million yen)
2,007
2,007
2,007
608
730
Dividend payout ratio (%)
52.2
103.6
-
74.0
36.4
Return to Shareholders
0.0
2022.3 2023.3 2024.3 2025.3 2026.3
0.0
2022.3 2023.3 2024.3 2025.3 2026.3
Return on Equity (ROE) (％) Ordinary profit to total assets ratio (ROA)(％)
20.0
15.0
30.0
13.7
6.6
7.4
3.1
(1.8)
2022.3 2023.3 2024.3 2025.3 2026.3
14.4
8.0
8.5
8.4
5.3
24.0
10.0
5.0
0.0
18.0
12.0
6.0
0.0
2022.3 2023.3 2024.3 2025.3 2026.3
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 ended 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
8,840
8,861
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
4,595
5,733
Gross 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
4,244
3,128
SG&A 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
2,694
2,656
Operating Profit
780
994
1,402
(688)
531
621
237
1,024
65
527
973
251
243
(17)
1,550
471
Ordinary Profit
1,132
1,294
1,082
(577)
886
759
100
1,256
373
0
1,282
144
219
161
1,748
726
Profit attributable to owners of
parent
752
903
755
(485)
609
500
64
(1,692)
198
(120)
950
(210)
112
71
1,363
446
cumulative total
FY ended March 2023
FY ended March 2024
FY ended March 2025
FY ended 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
29,121
37,982
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
18,749
24,482
Gross Profit
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
10,371
13,500
SG&A 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
8,595
11,251
Operating Profit
780
1,774
3,176
2,488
531
1,153
1,390
2,415
65
592
1,566
1,817
243
226
1,776
2,248
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
2,129
2,856
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
1,548
1,994
Development of Sales and Income by Segment
Quarterly
FY ended March 2023
FY ended March 2024
FY ended March 2025
FY ended March 2026
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
Digital Content
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
4,481
3,592
Income
252
345
1,036
(855)
114
41
(457)
775
(46)
150
611
221
(349)
(721)
997
14
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
3,315
3,413
Income
702
906
718
458
640
953
919
594
480
725
769
709
757
945
855
609
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
1,042
1,855
Income
229
135
30
142
201
40
194
95
87
83
22
(242)
289
194
107
319
cumulative total
FY ended March 2023
FY ended March 2024
FY ended March 2025
FY ended 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 Content
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
16,896
20,489
Income
252
598
1,635
779
114
156
(300)
474
(46)
104
715
937
(349)
(1,070)
(73)
(58)
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
9,298
12,711
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
2,558
3,168
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
2,926
4,781
Income
229
364
394
537
201
242
436
531
87
170
193
(49)
289
483
591
910
Consolidated Balance Sheet
End of each Quarter | FY ended March 2023 | FY ended March 2024 | FY ended March 2025 | FY ended 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 | 25,058 | 26,075 |
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 | 10,611 | 9,434 |
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 | 35,669 | 35,510 |
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 | 8,212 | 7,572 |
Long-Term Liabilities | 414 | 338 | 338 | 338 | 338 | 234 | 234 | 234 | 234 | 181 | 181 | 165 | 165 | 165 | 165 | 163 |
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 | 27,292 | 27,775 |
4
2.