Marvelous Inc.TSE: 7844

Results Briefing Materials for the Fiscal Year Ended March 31, 2026

May 15, 2026 at 6:37 AM UTC · Issued by Marvelous Inc.

Fiscal Year ended March 31, 2026 Results Briefing Materials

Marvelous Inc.

May 15, 2026

Stock Code: 7844 (Prime Market)

Contents

Fiscal Year Ended March 2026,

Results Summary

Segment Results

Full-Year Forecast for

the Fiscal Year Ending March 2027

Supplementary Material

Fiscal Year Ended March 2026, Results Summary

Financial Summary for the Fiscal Year Ended March 2026

Achieved higher sales and profits in FY3/2026, and exceeded initial forecasts
Achieved record-high sales driven by the release of 3 new core console titles and strong performance in the Amusement business
Offset the impact of valuation and impairment losses on certain underperforming titles through strong projects/businesses and cost controls

Ordinary profit and net income grew at a higher rate than operating profit, primarily due to foreign exchange gains and other factors

（Unit：million yen）		FY ended March 2025 (April 2024-March 2025)		FY ended March 2026 (April 2025-March 2026)		YoY change
（Unit：million yen）		Actual	Profit ratio	Actual	Profit ratio	Amount	%
Net sales		27,963	-	37,982	-	10,019	135.8％
	Cost of sales	15,032	-	24,482	-	9,450	162.9％
	SG&A expenses	11,113	-	11,251	-	138	101.2％
Operating profit		1,817	6.5％	2,248	5.9%	431	123.7％
Ordinary profit		1,800	6.4％	2,856	7.5%	1,056	158.7％
Profit attributable to owners of parent		818	2.9％	1,994	5.3%	1,175	243.6％

Segment Results

Operating Results by Segment

		（Unit：million yen）	FY2025 (April 2024-March 2025)	FY2026 (April 2025-March 2026)	YoY change
		（Unit：million yen）	FY2025 (April 2024-March 2025)	FY2026 (April 2025-March 2026)	amount	%
Net sales		Digital Content Business	12,898	20,489	7,590	158.9%
		Amusement Business	10,446	12,711	2,264	121.7%
		Audio & Visual Business	4,618	4,781	163	103.5%
	Total		27,963	37,982	10,019	135.8%
Segment profit		Digital Content Business	937	-58	-996	-%
		Amusement Business	2,685	3,168	482	118.0%
		Audio & Visual Business	-49	910	960	-%
	Total		3,574	4,020	446	112.5%

Company-level costs, etc. -1,756 -1,771 -15 100.9%

Operating profit total 1,817 2,248 431 123.7%

Digital Content Business

Overview

Rune Factory: Guardians of Azuma and STORY OF SEASONS: Grand Bazaar performed strongly
Existing online game titles remained solid with improved profitability
Indie title Japanese Rural Life published by subsidiary G-MODE became a hit
Conversely, DAEMON X MACHINA TITANIC SCION and Browser Sangokushi Ten fell short of expectations; recorded a segment loss due to a one-time write-off of game assets for Browser Sangokushi Ten
STORY OF SEASONS: Grand Bazaar
（Nintendo Switch 2/Nintendo Switch / Steam®/PlayStation®5/Xbox Series X|S ）
Rune Factory: Guardians of Azuma
（Nintendo Switch 2/Nintendo Switch / Steam®/PlayStation®5/Xbox Series X|S ）
■ ■ Net sales ■ ■ Segment profit（Unit: million yen）
12,898
20,489
Net sales
20,489
[Nintendo Switch 2/Nintendo Switch /Steam®]
Released in August 2025 [PlayStation®5/Xbox Series X|S ®] Scheduled for release in May 2026
[Nintendo Switch 2/Nintendo Switch /Steam®]
Released in June 2025 [PlayStation®5/Xbox Series X|S ®] Released in February 2026
million yen
YoY：158.9%
Browser Sangokushi Ten
(Smartphone/PC)
937
-58
Segment profit
-58 million yen
YoY：－%
©2025 Marvelous Inc.
DAEMON X MACHINA TITANIC SCION
(Nintendo Switch 2/PlayStation®5/ Xbox Series X|S /Steam®)
©2025 Marvelous Inc.
Japanese Rural Life Adventure
（Nintendo Switch /Steam®）
Released on March 4, 2026

Released on October 22, 2025

Released in September 2025

FY2025 FY2026

ⒸMarvelous Inc.

©GAME START LLC ©G-MODE Corporation

*The overseas release dates are shown in local time. 77

Overview

Amusement Business

Pokémon kids' amusement machines continued to perform strongly domestically and overseas, hitting record-high sales and profits
The latest domestic Pokémon amusement machine surpassed 200 million total plays at a faster pace than its predecessor
Pokémon MEZASTAR steadily expanded following a highly successful rapid overseas rollout
Despite underperformance in North America, overseas sales and profits exceeded domestic results
The latest Pokémon amusement machine
(Kids' amusement machine)
■ ■ Net sales ■ ■ Segment profit（Unit: million yen）
10,446
12,711
Net sales
Started operations in July 2024

12,711

million yen

YoY：121.7%

Developed by T-ARTS and MARV

ポケットモンスター・ポケモン・Pokémonは任天堂・クリーチャーズ・ゲームフリークの登録商標です。

2,685 3,168

Segment profit

3,168

million yen

Pokémon MEZASTAR (Overseas)

(Kids' amusement machine)

FY2025 FY2026

YoY：118.0%

Overseas operations since April 2025

©Pokémon. ©Nintendo/Creatures Inc./GAME FREAK inc.

Developed by T-ARTS and MARV TM, ®, and character names are trademarks of Nintendo.

Overview

Audio & Visual Business

The restructuring of unprofitable businesses in the previous fiscal year contributed to improved profitability
Driven by hit stage productions and strong licensing and secondary usage revenue from past anime titles
You and Idol Precure♪ Thanks Festival
Star Detective Precure!
Profits recovered to the highest level since the COVID-19 pandemic
■ ■ Net sales ■ ■ Segment profit（Unit: million yen）
4,781
Net sales
4,618
4,781
Held in February 2026

million yen

Started broadcasti ng in February 2026

YoY：103.5%

-49

910

Segment profit

舞台『魔道祖師』遡洄編

TOUKENRANBU THE STAGE

Guden Mujun Genjimonogatari Revival

Performed in March -April 2026 (To be recorded in the next FY)

Performed in February

- March 2026

910 million yen

YoY：- %

FY2025 FY2026

©NITRO PLUS·EXNOA LLC/舞台『刀剣乱舞』製作委員会

Ⓒ舞台『魔道祖師』製作委員会

改編自晋江文学城簽約作者墨香銅臭同名小説

Full-Year Forecast for the Fiscal Year Ending March 2027

Full-Year Forecast for the Fiscal Year Ending March 2027

Forecast calls for a decrease in revenue and an increase in profit for FY3/2027
Despite lower projected sales due to fewer new core title releases, aiming for increased operating profit by improving profitability in the Digital Content business

Planning a dividend of 15 yen per share (a 3-yen YoY increase)

（Unit: million yen）	FY2026	FY2027	YoY change
（Unit: million yen）	Actual	Forecast	%
Net sales 37,982		30,000	79.0％
Operating profit 2,248		3,000	133.4％
Ordinary profit 2,856		3,000	105.0％
Profit attributable 1,994 to owners of parent		2,000	100.3％

Dividends (yen) 12

＋3

FY3/2027 Title Lineup：core titles

Digital Content Business

Scheduled to release 3 core titles (1 online, 2 console) in FY3/2027
For online game, a new mobile game in the Senran Kagura series, PROJECT N (Tentative), is scheduled for release in 2026
Two new core console titles scheduled for release this fiscal year
PROJECT N（Tentative）
(Smartphone/PC)
©Marvelous Inc. ©HONEY∞PARADE GAMES Inc.
Scheduled for release in 2026

New Console Title A

Coming Soon

New Console Title B

Coming Soon

FY3/2027 Title Lineup： releases from subsidiaries

Digital Content Business

A robust lineup of titles published by domestic and overseas subsidiaries is also planned
Ys Memoire: Revelations in Celceta
（ Nintendo Switch ）
Corpse Party II: Darkness Distortion
（ Nintendo Switch / PlayStation®4/ PlayStation®5/Steam® ）
© Nihon Falcom Corporation. All rights reserved.
Licensed to and published by XSEED Games and Marvelous Europe Ltd.
© Team GrisGris / MAGES.
Licensed to and published by XSEED Games and Marvelous Europe Ltd.
Moonlight Peaks
（ Nintendo Switch /Nintendo Switch Steam® / Google Play Games）
2 /
The Big Catch
（Steam® ）
© Little Chicken Game Company.
Licensed to and published by XSEED Games and Marvelous Europe Ltd.
© 2024 FiletGroup Entertainment Inc.
Licensed to and published by XSEED Games.
Release date TBA

Scheduled for release on July 7, 2026

Released on April 28, 2026

Scheduled for release in 2026

Publishing Titles by

Marvelous USA, Inc. / Marvelous Europe Limited

The Thousand Musketeers: Rhodoknight

for Nintendo Switch

（Nintendo Switch ）

©Marvelous Inc. ©G-MODE Corporation

The Streamer's Alt Account Labyrinth

(Nintendo Switch / Steam®)

New Console Title

Scheduled for release in 2026

Coming Soon

Scheduled for release on June 25,

2026

Publishing Titles by G-MODE Corporation

* Release dates are shown in local time.

FY3/2027 Title Lineup

Amusement Business

For Pokémon kids' amusement machines, focusing on acquiring new users and stimulating the market through the continuous release of new sets, overseas market expansion, and proactive promotions
Launching a large-scale campaign for the latest domestic Pokémon amusement machine starting in April
Overseas, Pokémon MEZASTAR started operation in South Korea in April, with plans to further expand to Vietnam and other regions
Scheduled to launch the latest model in the TRY series of prize machines this winter
Started operations in July 2024
©2024 Pokémon. ©1995-2024 Nintendo/Creatures Inc./GAME FREAK inc.
Developed by T-ARTS and MARV
ポケットモンスター・ポケモン・Pokémonは任天堂・クリーチャーズ・ゲームフリークの登録商標です。
The latest Pokémon amusement machine
(Kids' amusement machine)
Overseas operations since April 2025
©Pokémon. ©Nintendo/Creatures Inc./GAME FREAK inc.
Developed by T-ARTS and MARV TM, ®, and character names are trademarks of Nintendo.
Pokémon MEZASTAR (Overseas)
(Kids' amusement machine)
©Marvelous Inc.
Scheduled to start operation this winter

TRYWALL

（ Prize machine ）

FY3/2027 Title Lineup

Audio & Visual Business

Numerous anime and stage productions planned again this fiscal year

Star Detective Precure the Movie

The Prince of Tennis II U-17 WORLD CUP: Final Member Selection Match

Iron Wok Jan!

Scheduled for September 2026

Scheduled for broadcast in Fall 2026

Scheduled for broadcast in 2026

Precure Singers Premium LIVE HOUSE Circuit！2026

Scheduled for July - August 2026

©Shinji Saijo/KADOKAWA/Iron Wok Jan! Project

Butai Ryugagotoku

MUSICAL KERORO

Musical HAKUOKI SHINKAI REIMEIROKU

Scheduled for September 2026

Scheduled for August 2026

Scheduled for October 2026

©Hikaru Miyoshi/SHUEISHA ©MUSICAL『MORIARTY THE PATRIOT』PROJECT

MUSICAL『MORIARTY THE PATRIOT』 A STUDY IN SCARLET REPRISE

Scheduled for June

- July 2026

©SEGA/Butai Ryugagotoku Project

©Mine Yoshizaki/KADOKAWA, B, TV TOKYO, NAS, BV

Supplementary Material

Statement of income

（Unit：million yen）

FY2025

(April 2024-March

2025)

FY2026

(April 2025-March 2026)

YoY change

Actual

Profit ratio

Actual

Profit ratio

Amount

Net sales

27,963

37,982

10,019

135.8%

Cost of sales	15,032	-	24,482	-	9,450	162.9%
SG&A expenses	11,113	-	11,251	-	138	101.2%
of which: R&D expenses	1,696	-	1,347	-	-348	79.4%
of which: advertising expenses	1,667	-	2,510	-	842	150.5%
Operating profit	1,817	6.5％	2,248	5.9％	431	123.7%
Non-operating income (expenses)	-17	-	607	-	624	-%
Ordinary profit	1,800	6.4％	2,856	7.5％	1,056	158.7%
Extraordinary items	-151	-	-298	-	-146	196.6%
Income taxes	827	-	576	-	-251	69.6%
Profit attributable to owners of parent	818	2.9％	1,994	5.3％	1,175	243.6%
Copyright © Marvelous Inc. All rights reserved.							17

Changes in Quarterly Financial Results

Net sales（million yen） Operating profit（million yen） Operating profit ratio（%）

11,541

5,319

6,227

16.0%

6,866 6,928 6,883 7,115

20.4%

7,760 7,733

13.2%

5,806

7,071

7,843

12.4%

7,242

8,739

8,840

17.5%

8,861

14.7%

7.7%

8.7%

3.1%

1.1%

7.5%

3.5%

2.8%

5.3%

780

994

1,402

- 9.9%

531

621

237

1,024

527

973

251

243

- 0.1%

1,550

471

-17

-688

1Q 2Q 3Q 4Q FY2023

1Q 2Q 3Q 4Q FY2024

1Q 2Q 3Q 4Q FY2025

1Q 2Q 3Q 4Q FY2026

Changes of Sales and Profit by Business Segment

Digital Content Business

4,133 3,881 4,122

775

-457

-46

-349

-721

FY2024

FY2025

FY2026

3,297 3,201 3,045

3,738

2,913

5,210

7,204

3,592

4,481

■■ Net sales

■■ Segment profit

769

709

3,413

（Unit: million yen）

114 41

150 611 221

997

■■ Net sales

■■ Segment profit

1,855

-242

FY2024

FY2025

FY2026

（Unit：million yen）

640

FY2024

FY2025

FY2026

1,673

2,597 2,331 2,419

919

594

480

1,600

Amusement Business

2,787 3,046 3,011

725

953

757

2,637

3,345 3,315

945

855

609

Audio & Visual Business

1,076

201

636

194

1,307

2,016

1,004 1,237 1,058 1,318

289

194

891 991

1,042

■■ Net sales

■■ Segment profit

（Unit：million yen）

95 87 83 22

107

319

Sales Changes by Business

FY2026

(April 2025 - March 2026)

Sales by Business

Reportable segment Business category

Digital Content Business

■Consumer Game-related

Online Game-related

14,444

6,045

Amusement Business

Amusement Game-related

12,711

（Unit: million yen）

Audio & Visual Business

■Music and Video Content-related 1,572

Stage Performance-related 3,209

37,982

Total net sales

Quarterly changes

11,541

8,739

8,840

8,861

7,760

7,733

7,843

5,873

6,883

7,115

7,071

7,242

1,797

2,373

1,559

2,971

5,806

1,121

1,890

1,189

3,800

2,345

2,147

1,795

1,737 1,187

1,924

1,848

1,723

1,330

1,509

1,734

1,749

1,409

1,787

2,419

2,013

3,413

2,331

2,787

3,046

3,011

3,345

3,315

1,673

243

832

2,597

2,637

481

353

282

409

897

1,534

1,600

451

552

285

952

250

807

521

796

304

587

308

683

326

716

633

1,221

FY2024 FY2025 FY2026

（ Unit：million yen ）

Consumer Game

Online Game

Amusement Game

Music and Video Content

Stage Performance

Balance Sheet

（Unit：million yen）		End of March 2025	End of March 2026	Change in amount
	Current assets	22,636	26,075	3,439
	Non-current assets	10,266	9,434	-831
Total assets		32,903	35,510	2,607
	Current liabilities	6,551	7,572	1,021
	Non-current liabilities	165	163	-1
Total liabilities		6,716	7,735	1,019
Total net assets		26,187	27,775	1,587

Statement of Cash Flows

FY2025

(Unit: million yen)

FY2026

Change in amount

Cash flows from -101	11,344	11,445
Cash flows from -2,540	-1,617	922
Cash flows from -2,007	-608	1,399
Cash and cash equivalents 7,880	17,488	9,608

operating activities

investing activities

financing activities

at end of period

Inquiries

Corporate Planning Department, Corporate Division

E-mailir@marv.jp

URL

https://corp.marv.jp/english

This document contains forward-looking statements that are based on information currently available to the Company and that may change as a result of numerous factors including the macroeconomic environment and industry trends relevant to the Company. Therefore, these forward-looking statements are made subject to certain risks and uncertainties that could cause results, including actual business performance, to differ materially from those presented.

This document has been machine translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Mar

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