Kadokawa reports lower profits in the video game market

Kadokawa reports lower profits in the video game market

On July 30, the Kadokawa company published its income statement for the first quarter of the fiscal year that will end in March 2021. Profits from video and video game sales observed a decrease of 18.2% compared to the previous year, with a value of 9,937 million yen.

Kadokawa reports lower profits in the video game market

In addition to the income from the licensing abroad of series such as Appare Ranman !, Shironeko Project: Zero Chronicle, Plunderer, among others; collaborations with game franchises like Kono Subarashii Sekai ni Shukufuku wo! Fantastic Days also contributed to these earnings. However, due to the effects of the COVID-19 pandemic in Japan, the delay in the production of multiple projects in the anime business, the postponement of license negotiations with overseas, and other postponements presented such as the closure of the cinemas and restrictions on events, influenced that the result of this year was lower than the same of the previous year.

Regarding video games, deliveries such as Pokémon Mysterious Dungeon Rescue Team DX released by Spike Chunsoft, and Sekiro: Shadows Die Twice and Dark Souls released by From Software, continue to generate good profits.

Finally, regarding the publishing business, even with the COVID-19 pandemic delaying several launches in urban areas, titles such as the ninth volume of Dungeon Meshi and the twenty-fourth volume of Sword Art Online, saw excellent results. However, it should be noted that the market for electronic books and magazines also experienced great economic growth.

Kadokawa reports lower profits in the video game market

As a result, earnings in the electronic publishing business for Kadokawa were 29,954 million yen (6.25 higher than the previous year, and operating income was 2,144 million yen (12.2% higher than the year before). previous).

Source: Official Site

© KADOKAWA CORPORATION 2020

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