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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(03/2016 to 03/2020)
Net Income and Consolidated Dividend Payout Ratio(FY2016/3 to FY2020/3)
03/2016 03/2017 03/2018 03/2019 03/2020
For the year/Millions of Yen Net sales 214,101 256,824 250,394 271,276 260,527
Operating income 26,018 31,295 38,176 24,635 32,759
Ordinary income 25,322 31,128 36,124 28,415 32,095
Profit attributable to owners of parent 19,884 20,039 25,821 19,373 21,346
03/2016 03/2017 03/2018 03/2019 03/2020
At year-end/Millions of Yen Total Assets 232,731 243,859 259,713 282,614 302,634
Net Assets 168,783 181,904 193,359 206,445 221,928
03/2016 03/2017 03/2018 03/2019 03/2020
Per Share of Common Stock/Yen Earnings 163.04 164.20 215.33 179.02 162.57
Net Assets 1,376.93 1,485.56 1,617,58 1,726.32 1,854.10
Dividends per share (annual) 48.00 50.00 65.00 47.00 54.00
03/2016 03/2017 03/2018 03/2019 03/2020
Key Ratios Operating income margin 12.2% 12.2% 15.2% 9.1% 12.6%
Ordinary income margin 11.8% 12.1% 14.4% 10.5% 12.3%
Return on equity 12.3% 11.5% 13.8% 9.7% 10.0%
Equity ratio 72.2% 74.4% 74.2% 72.8% 73.1%
Consolidated dividend payout ratio 29.4% 30.5% 30.2% 30.3% 30.2%

*FY2019/3 figures adjusted to reflect changes instituted as of FY2020/3 in the accounting of digital content sales.

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(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Cash flows from
operating activities		 Profit before income taxes 21,436 25,846 35,927 23,131 30,793
Depreciation and amortization 6,317 6,270 5,859 6,801 7,417
Impairment loss 1,961 862 40 368 367
Increase (decrease) in allowance for doubtful accounts (169) 169 (251) 44 (73)
Increase (decrease) in allowance for doubtful accounts 1,138 (224) 1,096 (36) 780
Increase (decrease) in provision for sales returns (1,332) 2,905 (1,979) 5,032 (4,759)
Increase (decrease) in provision for directors' retirement benefits 10 (63) － (35) －
Increase (decrease) in provision for game arcade closings (328) (53) (48) (50) 36
Decrease (increase) in net defined benefit asset － 7 (64) (44) 96
Increase (decrease) in net defined benefit liability (476) 291 205 96 271
Interest and dividends income (95) (84) (121) (167) (363)
Interest expenses 67 52 84 107 135
Foreign exchange losses (gains) 1,749 (964) 2,940 (4,072) 665
Gain on sales of investment securities (1) － (351) (0) －
Loss on sales of shares of subsidiaries and associates － － 371 － －
Loss on disposal of property and equipment 194 210 131 198 130
Gain on sale of property and equipment (18) (4) (9) (15) (2)
Loss on sale of property and equipment 36 － 18 － －
Loss on valuation of shares of subsidiaries and associates 1,702 0 － 680 －
Decrease (increase) in notes and accounts receivable (910) (4,882) 1,128 (10,799) (1,195)
Decrease (increase) in inventories (7,630) 4,257 (11,092) (7,108) (22,632)
Increase in notes and accounts payable-trade 2,735 3,283 523 7,720 1,581
Decrease (increase) in other current assets (552) 410 1,994 (2,307) (614)
Decrease (increase) in other non-current assets (527) (187) (531) (659) 1,298
Increase (decrease) in other current liabilities 320 881 (3,648) 2,038 3,585
Other,net 210 (2,215) 874 1,065 270
Subtotal 25,838 36,769 33,098 21,988 17,791
Interest and dividends income received 95 89 121 167 363
Interest expenses paid (65) (54) (84) (106) (142)
Income taxes paid (6,213) (11,311) (5,213) (12,683) (2,538)
Income taxes refund 530 45 2,717 2,768 2,530
Net cash provided by operating activities 20,184 25,537 30,638 12,135 18,005

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Cash flows from investing activities Payments into time deposits (1,671) (4,461) (4,539) (3,993) (5,141)
Proceeds from withdrawal of time deposits 1,153 4,113 4,157 3,976 5,220
Purchases of property and equipment (4,053) (5,785) (6,378) (8,450) (5,827)
Proceeds from sale of property and equipment 200 6 9 15 2
Purchase of intangible assets (461) (851) (858) (1,190) (1,587)
Payments for acquiring investment securities － － － (1,074) (1,612)
Proceeds from sale of investment securities 1 － 642 0 －
Purchase of investments in subsidiaries (330) (100) (210) (380) (85)
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 (398) (324) (1,204) (760) (433)
Proceeds from collection of guarantee deposits 992 223 431 208 193
Other,net (206) (54) (247) (235) (767)
Net cash used in investing activities (4,773) (7,164) (8,191) (12,875) (10,039)

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Cash flows from financing activities Net increase in short-term loans payable 3,428 － － － －
Redemption of bonds － － － － (8,525)
Proceeds from issuances of new stocks 121 124 64 106 －
Purchase of treasury stock (11) (8) (9,262) (8) (9)
Repayments of lease obligations － － － － (485)
Proceeds from exercise of share options － － － 5 293
Cash dividends paid (3,654) (5,849) (6,068) (7,735) (5,599)
Other,net (24) (74) (23) (23) 276
Net cash used in financing activities (141) (5,807) (15,290) (7,656) (14,048)

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Effect of exchange rate changes on cash and cash equivalents (3,041) (534) (196) 1,221 (479)
Net increase (decrease) in cash and cash equivalents 12,228 12,030 6,960 (7,173) (6,562)
Cash and cash equivalents at beginning of the year 103,147 115,375 127,395 134,355 127,181
Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation － (11) － － －
Increase in cash and cash equivalents resulting from change in scope of consolidation － － － － 691
Cash and cash equivalents at end of the year 115,375 127,395 134,355 127,181 121,311

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(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Net sales 214,101 256,824 250,394 271,276 260,527
Cost of sales 115,316 141,123 129,519 146,907 139,012
Gross profit 98,784 115,701 120,874 124,368 121,515
Reversal of provision for sales returns 4,867 3,227 6,118 4,152 9,016
Provision for sales returns 3,534 6,014 4,139 9,185 4,257
Net gross profit 100,116 112,914 122,854 119,335 126,274

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Selling, general and administrative expenses Packaging freight charge 1,751 1,726 1,874 2,062 2,304
Advertising expense 20,270 25,541 22,585 29,460 21,006
Sales promotion expense 66 74 86 120 159
Allowance for doubtful accounts 54 12 － － －
Compensation for directors 565 557 773 470 497
Salaries 14,465 14,618 15,242 17,396 18,901
Provisions for bonuses 2,916 2,492 3,740 3,433 4,005
Net periodic pension costs 539 678 534 692 1,021
Provisions for directors' retirement benefits 10 － － － －
Welfare expense 2,092 2,161 2,522 2,642 2,835
Rental expense 2,118 2,100 2,306 2,699 2,919
Commission fee 18,996 21,554 23,539 24,700 28,377
Depreciation and amortization 2,476 2,272 2,495 2,410 2,725
Other 7,772 7,825 8,976 8,610 8,762
Total Selling, general and administrative expenses 74,097 81,618 84,677 94,699 93,515

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Operating income 26,018 31,295 38,176 24,635 32,759

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Non-operating income Interest income 85 75 107 167 363
Dividends received 9 9 14 0 0
Foreign exchange gain － － － 3,459 －
Rental income 16 16 35 72 36
Reversal of allowance for doubtful accounts 213 2 161 － －
Subsidy income 495 33 126 － －
Gain on forgiveness of payable for group tax － 62 31 37 370
Outsourcing service income － － － 125 104
Miscellaneous income 158 93 281 136 94
Total non-operating income 980 293 757 3,999 969

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Non-operating expenses Interest expenses 67 52 84 107 135
Commission fee 14 6 10 5 5
Loss on investments in securities － － － 40 127
Office transfer related expenses 44 31 152 65 155
Foreign exchange loss 1,545 358 2,477 － 1,173
Miscellaneous loss 4 11 83 0 35
Total non-operating expenses 1,676 459 2,809 219 1,633

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Ordinary income 25,322 31,128 36,124 28,415 32,095

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Extraordinary gain Gain on sale of property and equipment 18 4 9 15 2
Gain on sale of investment securities 1 － 351 0 －
Gain on reversal of subscription rights to shares 19 20 2 － 7
Gain on disposition of foreign currency translation adjustment － 105 － － －
Gain on liquidation of subsidiaries － 69 5 － －
Gain on reversal of debts － 82 － － －
Other － 20 － 8 －
Total extraordinary gain 40 302 368 23 9

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Extraordinary loss Loss on sale of property and equipment 36 － 18 － －
Loss on disposal of property and equipment 194 210 131 198 130
Impairment loss 1,961 437 40 368 367
Loss on valuation of shares of subsidiaries and associates 1,702 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 15 － － － －
Loss on evaluation of content － － － 3,638 －
Loss on event cancellations － － － － 544
Other 14 37 4 422 268
Total extraordinary loss 3,925 5,584 565 5,307 1,311

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Profit (Loss) before income taxes 21,436 25,846 35,927 23,131 30,793

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Income taxes Income taxes-current 6,690 5,331 9,216 2,968 10,581
Income taxes-deferred (5,146) 472 878 784 (1,136)
Total income taxes 1,544 5,804 10,094 3,753 9,444

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Profit 19,892 20,042 25,832 19,378 21,348
Profit attributable to non-controlling interests 8 3 11 4 1
Profit (loss) attributable to owners of parent 19,884 20,039 25,821 19,373 21,346

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Assets

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Current assets Cash and deposits 117,306 129,364 136,785 129,468 123,450
Notes and accounts receivable 21,487 26,053 24,383 40,396 41,474
Merchandises and finished goods 2,428 2,820 3,233 4,484 5,850
Work in progress 109 11 3 5 206
Raw materials and supplies 233 302 253 330 433
Content production account 41,419 34,548 44,167 50,620 71,479
Deferred tax assets 6,561 7,029 － － －
Other 5,275 9,222 7,486 9,770 8,163
Allowance for doubtful accounts (143) (314) (212) (265) (161)
Total current assets 194,679 209,038 216,100 234,811 250,896

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Non-current assets Property and equipment
Buildings and structures 13,779 14,777 15,657 17,179 18,341
Accumulated depreciation (8,654) (9,365) (9,993) (10,663) (11,603)
Buildings and structures (net) 5,124 5,412 5,663 6,515 6,738
Tools and fixtures 13,312 13,694 14,021 14,759 15,943
Accumulated depreciation (10,047) (10,626) (9,855) (10,065) (11,112)
Tools and fixtures (net) 3,265 3,067 4,165 4,693 4,830
Amusement equipment 15,457 16,247 16,910 17,435 17,529
Accumulated depreciation (14,012) (14,455) (14,588) (14,790) (15,420)
Amusement equipment (net) 1,445 1,792 2,322 2,645 2,108
Other 101 181 177 184 3,425
Accumulated depreciation (47) (79) (115) (115) (484)
Other (net) 54 101 62 68 2,940
Land 3,798 3,798 3,795 3,782 3,782
Construction in progress 61 62 50 183 147
Total property and equipment 13,748 14,234 16,060 17,889 20,547
Intangible assets
Other 6,447 4,735 4,559 5,105 5,387
Total intangible assets 6,447 4,735 4,559 5,105 5,387
Investments and other assets
Investment securities 749 780 154 1,226 2,308
Guarantee deposits 9,173 9,204 9,879 10,373 10,612
Net defined benefit asset － 120 155 93 －
Deferred tax assets 4,972 2,572 8,902 7,757 8,731
Other 3,185 3,394 3,965 5,418 4,238
Allowance for doubtful accounts (224) (222) (63) (61) (88)
Total investments and other assets 17,856 15,850 22,993 24,809 25,802
Total non-current assets 38,052 34,820 43,612 47,803 51,737

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Total assets 232,731 243,859 259,713 282,614 302,634

Liabilities and Net Assets

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Current liabilities Notes and accounts payable 14,671 14,220 14,848 23,592 25,537
Short-term loans 9,722 8,437 8,931 8,685 －
Accrued income taxes 5,726 1,665 9,162 1,694 10,159
Provision for bonuses 2,672 2,358 3,246 3,273 4,061
Provision for sales returns 3,334 6,197 3,985 9,178 4,253
Provision for game arcade closings 75 64 58 49 43
Asset retirement obligations 5 17 － 5 3
Other 19,529 22,482 18,610 20,968 25,285
Total current liabilities 55,737 55,445 58,842 67,449 69,344

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Non-current liabilities Provision for directors' retirement benefits 162 88 88 52 52
Provision for game arcade closings 127 83 41 － 40
Net defined benefit liabilities 2,747 2,546 2,676 2,893 3,214
Deferred tax liabilities 2,153 573 896 1,383 1,062
Asset retirement obligations 2,355 2,450 2,812 3,132 3,291
Other 665 767 994 1,257 3,698
Total non-current liabilities 8,210 6,510 7,510 8,719 11,360

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Total liabilities 63,948 61,955 66,353 76,168 80,705

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Shareholders' equity Common stock 23,753 23,828 23,868 24,039 24,039
Capital surplus 52,993 53,067 53,107 53,281 53,388
Retained earnings 95,581 109,764 129,513 143,451 159,222
Treasury stock (888) (897) (10,159) (10,162) (9,900)
Total shareholders' equity 171,439 185,763 196,330 210,610 226,750

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Accumulated other comprehensive income Unrealized loss on revaluation of other investment securities 341 364 89 116 (162)
Foreign currency translation adjustments (3,207) (4,640) (3,674) (4,651) (5,085)
Remeasurements of defined benefit plans (607) (165) (132) (285) (318)
Total accumulated other comprehensive income (3,474) (4,440) (3,718) (4,820) (5,567)

(Millions of yen)

03/2016 03/2017 03/2018 03/2019 03/2020
Subscription rights to shares 374 453 603 517 608
Non-controlling interests 443 128 144 139 137
Total net assets 168,783 181,904 193,359 206,445 221,928
Total liabilities and net assets 232,731 243,859 259,713 282,614 302,634