Marvelous Inc.
Stock Code: 7844

(First Section of Tokyo Stock Exchange)

Results Briefing Materials

Fiscal Year Ending March 31, 2022 First Quarter

July 30, 2021

Contents

Fiscal Year Ending March 2022, First Quarter Results Summary
Segment Results and Future Initiatives

Copyright (c) 2021 Marvelous Inc. All rights reserved.

2

Fiscal Year Ending March 2022,
First Quarter Results Summary

Earnings Highlights (Statement of Profit and Loss) Resulted in an increase in sales and profit thanks to the consumer game business being ingood shape due to strong sales of new game software, though earnings deteriorated owing
to the sales decline for long-term operation titles in the online game business and the impactof the novel coronavirus infection (COVID-19) in the audio & visual businesses.
Unit: million yen

1Q FY ending March 2022

1Q FY ended March 2021
ActualActual

Profit ratio

Profit ratio

YOY change(Amount)(%)

Net Sales

4,668

–

6,473

–

1,804

138.6%

Cost of sales

1,916

–

3,177

–

1,261

165.8%

SGA expenses

1,862–

1,830

–

-31

98.3%

211–

264–

52

124.7%

890

19.1%

1,464

22.6%

574

164.6%

1–9–

8873.9%Ordinary profit

891

19.1%

1,474

22.8%

583

165.5%

Extra ordinary
profit/loss

-12–

0–

13–

Income taxes

285–

400–

114

140.2%

Profit attributable toowners of parent

593

12.7%

1,074

16.6%

481

181.1%

Thereof advertisingexpenses

Operating profit
Other profit

Copyright (c) 2021 Marvelous Inc. All rights reserved.

4

Segment Results
Unit: million yen

1Q FY ended
March 2021

1Q FY ending
March 2022

ActualActual

YOY change(Amount)(%)

Online GameBusiness

2,068

1,448-620

70.0%

Consumer GameBusiness1,623

4,277

2,653

263.5%

Audio & VisualBusiness

977748-229

76.5%

Total

4,668

6,473

1,804

138.6%

Online GameBusiness582

241-340

41.4%

Consumer GameBusiness

442

1,550

1,108350.7%

Audio & VisualBusiness

280

18-262

6.4%

1,305

1,809

504

138.7%

Company-level costs, etc.

-414-344

7083.1%

Operating profit total

890

1,464

574

164.6%Net sales

Segment
profitTotal

Copyright (c) 2021 Marvelous Inc. All rights reserved.

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Development of Net Sales and Operating Profit
by Segment (Quarterly)■Audio & Visual Business■Consumer Game Business■Online Game Business
Unit: million yen

7,872

7,709
7,018
6,296
1,326

6,879

6,583

6,318

1,799
(25.6%)

2,261(32.9%)(21.1%)

1,814

6,818

2,668
(42.4%)(43.4%)

2,196(11.6%)(29.5%)

1,098

3,472

(24.3%)(45.0%)(35.1%)

3,479(55.1%)(31.9%)

6,473

2,014(15.2%)(22.6%)

2,309(14.7%)

748

4,518
3,048

868

(10.6%)(23.5%)

961

1,489

1,159

8,228

4,668

4,750

977

(11.5%)

544(20.9%)

2,682(39.3%)

1,761

1,623(34.8%)

4,934(62.7%)

5,639(68.5%)

4,277

2,276(66.1%)(47.9%)(39.0%)

2,302

2,175(36.6%)(31.0%)

1Q

2Q

2,430(35.3%)

3Q

2,790(42.4%)

4Q

1,658

1,894(36.7%)(30.0%)

1Q

2Q

FY ended March 2019

2,422(31.4%)

3Q

FY ended March 2020

2,126

2,068(31.2%)(44.3%)

4Q

1Q

1,930(40.6%)

2Q

1,789

1,709(22.7%)(20.8%)

3Q

4Q

FY ended March 2021

1,448(22.4%)
1Q
FY endingMarch 2022

Note: Totals may not tally to 100% due to rounding of sales percentages to the first decimal point.

Copyright (c) 2021 Marvelous Inc. All rights reserved.

6

Segment Results and Future Initiatives

Online Game Business:
1Q FY Ending March 2022 Progress Status[Results Up Until 1Q FY Ending March 2022]

Unit: million yen■■Net sales ■■Segment profit

Resulted in a decrease in sales and profit due to a decline in sales due toaging of long-term operation titles and intensifying competition.

2,068[Title Performance]

1,448Logres of Swords and Sorcery: Goddess of Ancient did not reach theprevious term’s level despite strong results from collaboration measures inApril.

SHINOVI MASTER -SENRAN KAGURA NEW LINK- sales declined owing toaging and intensified competition with other companies' titles.

582241
1Q FY endedMarch 2021

[Title Rollouts]
SHINOVI MASTER
Logres of Swords and Sorcery:-SENRAN KAGURA NEW LINKGoddess of Ancient

Browser Sangokushi(Smartphone app)(Smartphone app)

(PC Browser)

Launched on Nov. 29, 2017

Launched on Dec. 17, 2013

Launched on Jul. 15, 2009

©Marvelous Inc.
©HONEY PARADE GAMES Inc.

©Marvelous Inc. Aiming Inc.

Copyright (c) 2021 Marvelous Inc. All rights reserved.

©Marvelous Inc.

1Q FY ending
March 2022

Ikki-Tousen Extra Burst(Smartphone app)

Launched on May 25, 2020©2019 YUJI SHIOZAKI・SHONENGAHOSHA/IKKITOUSEN
WW PARTNERS©2020 Marvelous Inc.

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Online Game Business:
Initiatives Starting in 2Q FY Ending March 2022
The new game app The Thousand Musketeers: Rhodoknight is under active development to start
its service this fiscal year.

Existing titles will be regained by collaboration measures and anniversary events.

The Thousand Musketeers: Rhodoknight(Smartphone app)

Official service launch day isyet to be determined.
©Marvelous Inc.

Browser Sangokushi(PC Browser)

Logres of Swords and Sorcery:
Goddess of Ancient(Smartphone app)

Puella Magi Madoka Magica The Movie collaboration
July 14–July 28©Marvelous Inc. Aiming Inc.
©Magica Quartet／Aniplex・Madoka Movie Project©Magica Quartet／Aniplex・Madoka Movie Project Rebellion

SHINOVI MASTER-SENRAN KAGURA NEW LINK(Smartphone app)

The 12-year anniversary campaign
July 15–Hyakka Ryōran collaboration:
July 16–August 1©Marvelous Inc.

̂©すずきあきら・Niθ／ホビージャパン©Marvelous Inc. ©HONEY PARADE GAMES Inc.

Copyright (c) 2021 Marvelous Inc. All rights reserved.

9Consumer Game Business:
1Q FY Ending March 2022 Progress Status[Results Up Until 1Q FY Ending March 2022]
Resulted in an increase in sales and profit due to the recording of the North
American and European DL versions of BOKUJO MONOGATARI OLIVE TOWNTO KIBO NO DAICHI and strong sales of Rune Factory 5

Unit: million yen■■Net sales ■■Segment profit

4,277[Title Performance]
Sales of Rune Factory 5, the latest in the series released in May, are strong

Cumulative global shipments of TENSUI NO SAKUNAHIME released inNovember last year exceeded 1 million units



Amusement business saw relatively strong sales of its mainstay Pokémon
MEZASTAR despite the impact of the declaration of a state of emergency Inoverseas markets, Pokémon Ga-Olé was hit hard by COVID-19, and somebusinesses were forced to suspend or restrict operations.

1,550

1,623
442
1Q FY ended
March 2021

1Q FY ending
March 2022

[Title Rollouts]
Pokémon MEZASTAR(Amusement)

Rune Factory 5(Nintendo Switch)

Released on May 20, 2021
©2021 Marvelous Inc.

Copyright (c) 2021 Marvelous Inc. All rights reserved.

Started operation on September 17, 2020©2021 Pokémon. ©1995-2021 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。

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Consumer Game Business:
Initiatives Starting in 2Q FY Ending March 2022
The latest version of the series, No More Heroes 3 is scheduled to be released on August 27, 2021

In the amusement business, New tag of Pokémon MEZASTAR newly began operations in JulyNo More Heroes 3(Nintendo Switch)

Scheduled to be releasedon August 27, 2021
©Marvelous Inc. / Grasshopper Manufacture Inc.

Copyright (c) 2021 Marvelous Inc. All rights reserved.

Pokémon MEZASTAR(Amusement)

Started operation on September 17, 2020
New tag is now in operation with afavorable reception.
©2021 Pokémon. ©1995-2021 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。

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Audio & Visual Business:
1H FY Ending March 2022 Progress Status[Results Up Until 1Q FY Ending March 2022]

Unit: million yen■■Net sales ■■Segment profit

Resulted in a decrease in sales and profit due to the impact of COVID-19[Title Performance]

977

TV animations such as HEALIN' GOOD♥PRECURE, Akudama Drive, andMewkledreamy, broadcasted in the previous term, were packaged andcommercializedFor stage performances, new series are performed in accordance with thepolicies of the national and local governments and the guidelines of theAssociation of Public Theaters and Halls in Japan With the declaration of astate of emergency, some performances were canceled, and conditions
remain severe.

[Title Rollouts]
HEALIN' GOOD♥PRECURE

748

280
18
1Q FY ended
March 2021

1Q FY ending
March 2022

The 70th anniversary of TBSTouken Ranbu the Stage

Akudama Drive
Musical HAKUOKISHINKAI Side Soma Kazue

Blu-ray Volume 4
Launched in May 2021
©Toei Animation. All Rights Reserved

Blu-ray/DVD
Launched Volume 5 in April 2021
Volume 6 in May 2021

Performed in April 2021

Performed from April to June 2021

©IDEA FACTORY・DESIGN FACTORY / Musical HAKUOKI Project©Touken Ranbu the Stage Production Committee ©2015 EXNOA LLC/Nitroplus©Pierrot,TooKyoGames/Akudama Drive Production Committee

Copyright (c) 2021 Marvelous Inc. All rights reserved.

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Audio & Visual Business:
Initiatives Starting in 2Q FY Ending March 2022
In the Audio and Visual Business, new TV series of the Pretty Cure movie version were commercialized as package
products, and the next movie version is scheduled to be released in October

The impact on the several plans of stage performances was expanded again with the fourth declaration of a state ofemergency
Healin’ GoodPretty Cure the Movie

Tropical Rouge PrettyCure the Movie

Blu-ray/DVD releasedin July 2021

Scheduled to be releasedin October 2021

Performance from Julyto August 2021

©2020 Healin’ Good Pretty Cure the Movie Production Committee©2021 Tropical Rouge Pretty Cure the Movie Production Committee©1999 TAKESHI KONOMI/2021 MUSICAL THE PRINCE OF TENNIS PROJECTMUSICAL THE PRINCE OF TENNIS 4thSEASON SEIGAKU vs FUDOMINE

MUSICAL『MORIARTY THE PATRIOT』OP.3-THE PHANTOM OF WHITECHAPEL-“World Trigger the Stage”

Performance from Julyto August 2021

Performance scheduled
for August 2021

Performance scheduled fromNovember to December, 2021

© Akira Amano/SHUEISHA© REBORN! THE STAGE PROJECT©Ryosuke Takeuchi,Hikaru Miyoshi/SHUEISHA© MUSICAL『MORIARTY THE PATRIOT』PROJECT©Daisuke Ashihara/SHUEISHA,©“World Trigger the Stage”project“Katekyo Hitman Reborn!”the STAGE -episode of FUTURE-

Copyright (c) 2021 Marvelous Inc. All rights reserved.

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Results and Dividends Forecasts for the Fiscal YearEnding March 2022
Results forecasts
Full-year results forecasts for the fiscal year ending March 2022 are notdisclosed at the present time because of the difficulty in reasonably
estimating the impact of COVID-19.
Consolidated results forecasts will be announced as soon as it ispossible to do so.
Dividends forecasts
 FY ended March 2021: 33 yen annual dividend
 FY ending March 2022: Undecided
FY ended
March 2021FY ending March2022 (Forecast)

Dividend

33 yenUndecided

Dividend
payout ratio

59.3%–Copyright (c) 2021 Marvelous Inc. All rights reserved.

Dividend policy
Securing necessary internal
reserves for expanding futurebusinesses and strengthening thefinancial position, the Company
distributes continuous and stabledividends targeting 30% or moreof payout ratio as a basic policy.
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Thank you very much for your attention.
Inquiries
Corporate Communication Division, Corporate Planning Department
E-mail: ir@marv.jp
URL: https://corp.marv.jp
This document contains forward-looking statements which are based on information currently available to theCompany and which may change as a result of numerous factors including the macroeconomic environment andindustry trends relevant to the Company. Therefore, these forward-looking statements are made subject to certain
risks and uncertainties which could cause results, including actual business performance, to differ materially fromthose presented.

Copyright (c) 2021 Marvelous Inc. All rights reserved.

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