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Financial Information

  • Financial Highlights
  • Consolidated Statements of Income
  • Consolidated Balance Sheets
  • Consolidated Statements of Cash Flows

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Net Sales and Operating Income Margin(03/2017 to 03/2021)
Net Income and Consolidated Dividend Payout Ratio(FY2017/3 to FY2021/3)
03/2017 03/2018 03/2019 03/2020 03/2021
For the year/Millions of Yen Net sales 256,824 250,394 271,276 260,527 332,532
Operating income 31,295 38,176 24,635 32,759 47,226
Ordinary income 31,128 36,124 28,415 32,095 49,983
Profit attributable to owners of parent 20,039 25,821 19,373 21,346 26,942
03/2017 03/2018 03/2019 03/2020 03/2021
At year-end/Millions of Yen Total Assets 243,859 259,713 282,614 302,634 336,144
Net Assets 181,904 193,359 206,445 221,928 243,278
03/2017 03/2018 03/2019 03/2020 03/2021
Per Share of Common Stock/Yen Earnings 164.20 215.33 162.57 179.02 225.75
Net Assets 1,485.56 1,617,58 1,726.32 1,854.10 2,029.69
Dividends per share (annual) 50.00 65.00 47.00 54.00 78.00
03/2017 03/2018 03/2019 03/2020 03/2021
Key Ratios Operating income margin 12.2% 15.2% 9.1% 12.6% 14.2%
Ordinary income margin 12.1% 14.4% 10.5% 12.3% 15.0%
Return on equity 11.5% 13.8% 9.7% 10.0% 11.6%
Equity ratio 74.4% 74.2% 72.8% 73.1% 72.1%
Consolidated dividend payout ratio 30.5% 30.2% 30.3% 30.2% 34.6%

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(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Cash flows from
operating activities		 Profit before income taxes 25,846 35,927 23,131 30,793 45,694
Depreciation and amortization 6,270 5,859 6,801 7,417 7,515
Impairment loss 862 40 368 367 520
Increase (decrease) in allowance for doubtful accounts 169 (251) 44 (73) (5)
Increase (decrease) in allowance for doubtful accounts (224) 1,096 (36) 780 (1,081)
Increase (decrease) in provision for sales returns 2,905 (1,979) 5,032 (4,759) 1,486
Increase (decrease) in provision for directors' retirement benefits (63) － (35) － －
Increase (decrease) in provision for game arcade closings (53) (48) (50) 36 148
Decrease (increase) in net defined benefit asset 7 (64) (44) 96 134
Increase (decrease) in net defined benefit liability 291 205 96 271 391
Interest and dividends income (84) (121) (167) (363) (76)
Subsidies for employment adjustment － － － － (335)
Interest expenses 52 84 107 135 87
Foreign exchange losses (gains) (964) 2,940 (4,072) 665 (1,860)
Loss (gain) on sales of investment securities － (351) (0) － －
Loss (gain) on sales of shares of subsidiaries and associates － 371 － － －
Loss on disposal of property and equipment 210 131 198 130 316
Gain on sale of property and equipment (4) (9) (15) (2) (1)
Loss on sale of property and equipment － 18 － － 18
Loss on valuation of shares of subsidiaries and associates 0 － 680 － －
Decrease (increase) in notes and accounts receivable (4,882) 1,128 (10,799) (1,195) (1,207)
Decrease (increase) in inventories 4,257 (11,092) (7,108) (22,632) (4,405)
Increase (decrease) in notes and accounts payable-trade 3,283 523 7,720 1,581 (835)
Decrease (increase) in other current assets 410 1,994 (2,307) (614) (3,477)
Decrease (increase) in other non-current assets (187) (531) (659) 1,298 (1,016)
Increase (decrease) in other current liabilities 881 (3,648) 2,038 3,585 6,765
Other,net (2,215) 874 1,065 270 990
Subtotal 36,769 33,098 21,988 17,791 49,768
Interest and dividends income received 89 121 167 363 76
Interest expenses paid (54) (84) (106) (142) (87)
Subsidies for employment adjustment received － － － － 335
Income taxes paid (11,311) (5,213) (12,683) (2,538) (16,764)
Income taxes refund 45 2,717 2,768 2,530 1,672
Net cash provided by operating activities 25,537 30,638 12,135 18,005 35,000

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Cash flows from investing activities Payments into time deposits (4,461) (4,539) (3,993) (5,141) (3,284)
Proceeds from withdrawal of time deposits 4,113 4,157 3,976 5,220 3,284
Purchases of property and equipment (5,785) (6,378) (8,450) (5,827) (4,949)
Proceeds from sale of property and equipment 6 9 15 2 1
Purchase of intangible assets (851) (858) (1,190) (1,587) (1,449)
Payments for acquiring investment securities － － (1,074) (1,612) (527)
Proceeds from sale of investment securities － 642 0 － －
Purchase of investments in subsidiaries (100) (210) (380) (85) (161)
Proceeds from the liquidation of subsidiaries and associates 69 5 － － －
Payments for acquiring shares in subsidiaries and affiliated companies － － (294) － －
Payments for acquiring bonds in subsidiaries and affiliated companies － － (697) － －
Payments for guarantee deposits (324) (1,204) (760) (433) (31)
Proceeds from collection of guarantee deposits 223 431 208 193 622
Other,net (54) (247) (235) (767) (156)
Net cash used in investing activities (7,164) (8,191) (12,875) (10,039) (6,651)

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Cash flows from financing activities Payments for short‐term loans － － － (8,525) －
Proceeds from issuances of new stocks 124 64 106 － －
Purchase of treasury stock (8) (9,262) (8) (9) (18)
Repayments of lease obligations － － － (485) (623)
Proceeds from exercise of share options － － 5 293 425
Cash dividends paid (5,849) (6,068) (7,735) (5,599) (6,437)
Other,net (74) (23) (23) 276 5
Net cash used in financing activities (5,807) (15,290) (7,656) (14,048) (6,647)

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Effect of exchange rate changes on cash and cash equivalents (534) (196) 1,221 (479) 1,049
Net increase (decrease) in cash and cash equivalents 12,030 6,960 (7,173) (6,562) 22,750
Cash and cash equivalents at beginning of the year 115,375 127,395 134,355 127,181 121,311
Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation (11) － － － －
Increase (decrease) in cash and cash equivalents resulting from change in scope of consolidation － － － 691 －
Cash and cash equivalents at end of the year 127,395 134,355 127,181 121,311 144,061

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(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Net sales 256,824 250,394 271,276 260,527 332,532
Cost of sales 141,123 129,519 146,907 139,012 171,837
Gross profit 115,701 120,874 124,368 121,515 160,695
Reversal of provision for sales returns 3,227 6,118 4,152 9,016 4,150
Provision for sales returns 6,014 4,139 9,185 4,257 5,637
Net gross profit 112,914 122,854 119,335 126,274 159,208

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Selling, general and administrative expenses Packaging freight charge 1,726 1,874 2,062 2,304 2,436
Advertising expense 25,541 22,585 29,460 21,006 28,239
Sales promotion expense 74 86 120 159 673
Allowance for doubtful accounts 12 － － － －
Compensation for directors 557 773 470 497 771
Salaries 14,618 15,242 17,396 18,901 21,165
Provisions for bonuses 2,492 3,740 3,433 4,005 3,368
Net periodic pension costs 678 534 692 1,021 1,205
Welfare expense 2,161 2,522 2,642 2,835 3,051
Rental expense 2,100 2,306 2,699 2,919 2,882
Commission fee 21,554 23,539 24,700 28,377 35,900
Depreciation and amortization 2,272 2,495 2,410 2,725 2,903
Other 7,825 8,976 8,610 8,762 9,384
Total Selling, general and administrative expenses 81,618 84,677 94,699 93,515 111,982

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Operating income 31,295 38,176 24,635 32,759 47,226

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Non-operating income Interest income 75 107 167 363 76
Dividends received 9 14 0 0 0
Foreign exchange gain － － 3,459 － 2,727
Rental income 16 35 72 36 17
Reversal of allowance for doubtful accounts 2 161 － － －
Subsidy income 33 126 － － －
Gain on forgiveness of payable for group tax 62 31 37 370 152
Outsourcing service income － － 125 － －
Miscellaneous income 93 281 136 198 70
Total non-operating income 293 757 3,999 969 3,043

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Non-operating expenses Interest expenses 52 84 107 135 87
Commission fee 6 10 5 5 19
Loss on investments in securities － － 40 127 169
Office transfer related expenses 31 152 65 － －
Foreign exchange loss 358 2,477 － 1,173 －
Miscellaneous loss 11 83 0 191 9
Total non-operating expenses 459 2,809 219 1,633 286

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Ordinary income 31,128 36,124 28,415 32,095 49,983

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Extraordinary gain Gain on sale of property and equipment 4 9 15 2 1
Gain on sale of investment securities － 351 0 － －
Gain on reversal of subscription rights to shares 20 2 － 7 2
Gain on disposition of foreign currency translation adjustment 105 － － － －
Gain on liquidation of subsidiaries 69 5 － － －
Gain on reversal of debts 82 － － － －
Subsidies for employment adjustment － － － － 335
Other 20 － 8 － －
Total extraordinary gain 302 368 23 9 339

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Extraordinary loss Loss on sale of property and equipment － 18 － － 18
Loss on disposal of property and equipment 210 131 198 130 316
Impairment loss 437 40 368 367 520
Loss on valuation of shares of subsidiaries and associates 0 － 680 － －
Loss on sales of shares of subsidiaries and associates － 371 － － －
Loss on liquidation of subsidiaries and associates 4,898 － － － －
Provision for game arcade closings － － － 117 629
Loss on temporary closure － － － 141 2,392
Loss on evaluation of content － － 3,638 － －
Loss on event cancellations － － － 544 47
Other 37 4 422 9 702
Total extraordinary loss 5,584 565 5,307 1,311 4,628

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Profit (Loss) before income taxes 25,846 35,927 23,131 30,793 45,694

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Income taxes Income taxes-current 5,331 9,216 2,968 10,581 19,430
Income taxes-deferred 472 878 784 (1,136) (690)
Total income taxes 5,804 10,094 3,753 9,444 18,740

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Profit 20,042 25,832 19,378 21,348 26,954
Profit attributable to non-controlling interests 3 11 4 1 12
Profit (loss) attributable to owners of parent 20,039 25,821 19,373 21,346 26,942

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Assets

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Current assets Cash and deposits 129,364 136,785 129,468 123,450 146,229
Notes and accounts receivable 26,053 24,383 40,396 41,474 43,036
Merchandises and finished goods 2,820 3,233 4,484 5,850 3,829
Work in progress 11 3 5 206 212
Raw materials and supplies 302 253 330 433 363
Content production account 34,548 44,167 50,620 71,479 78,153
Deferred tax assets 7,029 － － － －
Other 9,222 7,486 9,770 8,163 11,987
Allowance for doubtful accounts (314) (212) (265) (161) (190)
Total current assets 209,038 216,100 234,811 250,896 283,622

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Non-current assets Property and equipment
Buildings and structures 14,777 15,657 17,179 18,341 18,735
Accumulated depreciation (9,365) (9,993) (10,663) (11,603) (12,888)
Buildings and structures (net) 5,412 5,663 6,515 6,738 5,847
Tools and fixtures 13,694 14,021 14,759 15,943 17,716
Accumulated depreciation (10,626) (9,855) (10,065) (11,112) (12,992)
Tools and fixtures (net) 3,067 4,165 4,693 4,830 4,723
Amusement equipment 16,247 16,910 17,435 17,529 17,275
Accumulated depreciation (14,455) (14,588) (14,790) (15,420) (15,459)
Amusement equipment (net) 1,792 2,322 2,645 2,108 1,816
Other 181 177 184 3,425 4,116
Accumulated depreciation (79) (115) (115) (484) (1,095)
Other (net) 101 62 68 2,940 3,021
Land 3,798 3,795 3,782 3,782 3,782
Construction in progress 62 50 183 147 465
Total property and equipment 14,234 16,060 17,889 20,547 19,656
Intangible assets
Other 4,735 4,559 5,105 5,387 5,540
Total intangible assets 4,735 4,559 5,105 5,387 5,540
Investments and other assets
Investment securities 780 154 1,226 2,308 2,537
Guarantee deposits 9,204 9,879 10,373 10,612 9,776
Net defined benefit asset 120 155 93 － 477
Deferred tax assets 2,572 8,902 7,757 8,731 9,630
Other 3,394 3,965 5,418 4,238 4,961
Allowance for doubtful accounts (222) (63) (61) (88) (57)
Total investments and other assets 15,850 22,993 24,809 25,802 27,325
Total non-current assets 34,820 43,612 47,803 51,737 52,522

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Total assets 243,859 259,713 282,614 302,634 336,144

Liabilities and Net Assets

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Current liabilities Notes and accounts payable 14,220 14,848 23,592 25,537 24,559
Short-term loans 8,437 8,931 8,685 － －
Accrued income taxes 1,665 9,162 1,694 10,159 14,593
Provision for bonuses 2,358 3,246 3,273 4,061 2,956
Provision for sales returns 6,197 3,985 9,178 4,253 5,873
Provision for game arcade closings 64 58 49 43 231
Asset retirement obligations 17 － 5 3 6
Other 22,482 18,610 20,968 25,285 32,122
Total current liabilities 55,445 58,842 67,449 69,344 80,345

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Non-current liabilities Provision for directors' retirement benefits 88 88 52 52 52
Provision for game arcade closings 83 41 － 40 －
Net defined benefit liabilities 2,546 2,676 2,893 3,214 3,492
Deferred tax liabilities 573 896 1,383 1,062 1,642
Asset retirement obligations 2,450 2,812 3,132 3,291 3,715
Other 767 994 1,257 3,698 3,617
Total non-current liabilities 6,510 7,510 8,719 11,360 12,521

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Total liabilities 61,955 66,353 76,168 80,705 92,866

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Shareholders' equity Common stock 23,828 23,868 24,039 24,039 24,039
Capital surplus 53,067 53,107 53,281 53,388 53,593
Retained earnings 109,764 129,513 143,451 159,222 179,722
Treasury stock (897) (10,159) (10,162) (9,900) (9,556)
Total shareholders' equity 185,763 196,330 210,610 226,750 247,799

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Accumulated other comprehensive income Unrealized loss on revaluation of other investment securities 364 89 116 (162) 59
Foreign currency translation adjustments (4,640) (3,674) (4,651) (5,085) (5,655)
Remeasurements of defined benefit plans (165) (132) (285) (318) 160
Total accumulated other comprehensive income (4,440) (3,718) (4,820) (5,567) (5,435)

(Millions of yen)

03/2017 03/2018 03/2019 03/2020 03/2021
Subscription rights to shares 453 603 517 608 762
Non-controlling interests 128 144 139 137 151
Total net assets 181,904 193,359 206,445 221,928 243,278
Total liabilities and net assets 243,859 259,713 282,614 302,634 336,144