Stock Code: 7844
(First Section of Tokyo StockExchange)

Marvelous Inc.

Fiscal Year Ending March 31, 2016
First Half

Results Briefing
Materials
October 30, 2015
This document contains forward-looking statements which are based on
information currently available to the Company and which may change as aresult 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.

Contents

Fiscal Year Ending March 2016, First-Half Results Summary

Fiscal Year Ending March 2016, Full-Year Business Forecast

Segment Results

Copyright (c) 2015 Marvelous Inc. All rights reserved.

2

Fiscal Year Ending March 2016,
First-Half Results Summary

Copyright (c) 2015 Marvelous Inc. All rights reserved.

Earnings Highlights
 The first half of fiscal year ending March 2016 marked net sales and operating income
growth of 144.4% and 196.0%, respectively, compared with the year-earlier period
 Higher sales and earnings in all segments compared with the year-earlier period（単位：百万円）(Unit:million yen)

20,000Net sales
売上高Operating income
営業利益Net Sales高
上3,0002,000

業利 Income益Operating

15,000営

売16,447
2,841

4,000

11,387
10,000

1,449
1,000

5,000

01H
Fiscal Year2015年3月期
ended
March 2015
第2Q累計

Copyright (c) 2015 Marvelous Inc. All rights reserved.

1H
Fiscal Year2016年3月期
endingMarch 2016
第2Q累計

04

Income Statement
 Continued growth in sales and earnings compared with the year-earlier period
 Higher earnings from increased profit margins despite doubled advertising expenses stemmingfrom the large-scale promotion of “Logres”(Unit: million yen)
1H FY ended March 2015
Actual1H FY ending March 2016

Profit ratio

Actual

YOY change

Profit ratio(Amount)(%)

Net sales

11,387-

16,447-5,059

144.4%

Cost of sales

5,307-

6,212-

904

117.0%

SGA expenses

4,630

-

7,393

-

2,763

159.7%

914-

1,806

892

197.5%

Operating income

1,449

12.7%

2,841

17.3%

1,391

196.0%

Non-operating
income/losses

64-

-47-

-111

-

Ordinary income

1,514

13.3%

2,793

17.0%

1,279

184.5%

Extraordinary
income/losses

-10-

-54-

-44-

Income taxes

569-828-259

145.6%

Profit attributable toowners of parent

934

8.2%

1,910

11.6%

975

204.4%

Thereof advertisingexpenses

Copyright (c) 2015 Marvelous Inc. All rights reserved.

5

Development of Net Sales and Operating Income (Quarterly) New all-time high in quarterly sales
 Operating income and profit margins continue at high levels(Unit: million yen)
10,000

売上高Net sales

2,500

Operating
営業利益 income

8,233

8,402
8,045

8,000

2,000
6,629

Net Sales

5,175

1,486

1,464
1,376

1,500

5,080
4,758

4,410
4,000

849

795

1,000845793655

Operating Income

1,475

5,664

6,000

6,820515500

2,00000
1Q

2Q

3Q

FY ended
March 20142014年3月期

Copyright (c) 2015 Marvelous Inc. All rights reserved.

4Q

1Q

2Q

3Q

FY ended
March 2015
2015年3月期

4Q

1Q

2Q

FY ending
2016年3月期
March 2016

6

Segment Results(Unit: million yen)
1H FY ended 1H FY ending
March 2015
March 2016
ActualActual

YOY change(Amount)(%)●Online GameBusiness

6,117

10,6084,490

173.4%●

Consumer GameBusiness

3,430

3,741311109.1%●

Audio & VisualBusiness

1,844

2,101256113.9%

Total

11,387

16,4475,058

144.4%●Online GameBusiness

1,117

2,276

1,159203.7%●Consumer GameBusiness

411

590

179

143.8%

425576150

135.3%

1,954

3,444

1,489

176.2%

Adjustments & eliminations-505-602-97

119.4%

Operating Income Total

1,449

2,841

1,391

196.0%Net Sales

Segment
IncomeAudio & Visual●Business
Total

Copyright (c) 2015 Marvelous Inc. All rights reserved.

POINT● Online Game Business• Higher earnings and profit
margins from enduring popularityof “Logres of Swords andSorcery”● Consumer Game Business• Strong performance of newproducts and repeat sales at U.S.
subsidiary• Amusement business isrecovering● Audio & Visual Business• Stage performances continue tothrive• Solid sales of anime package
products

7

Sales Structure by Segment (Quarterly) Growth in online game business in a lull but consumer game business andaudio & visual business on the rise, keeping quarterly sales on a growth pathoverall(Unit: million yen)

Unit: million yen (percent of sales)
9,000■Audio & Visual Business■Consumer Game Business

8,000

6,629

6,000
5,080

5,000
4,410

3,000

1,019
(15.4%)

5,664
5,175

4,000

788(17.9%)
1,677(38.0%)

1,073(20.7%)

2,086(40.3%)850(15.0%)

1,113(21.9%)
1,660(32.7%)

4,758
825
(17.3%)

2,206(38.9%)

2,152(32.5%)

1,532(18.6%)912(11.3%)

1,189(14.2%)

1,322

1,655

2,086(19.4%)(20.6%)(24.8%)

5,479(68.1%)

5,129

2,307(44.1%)

2,016(39.0%)(45.4%)

1Q

2Q

3Q

1,944

6,820

1,884(22.9%)

1,061(15.6%)

1,278(26.9%)

2,000
1,0008,045■Online Game Business

7,000

2,609(46.1%)

2,656(55.8%)

4Q

1Q

3,461
(52.2%)

8,402

8,233

4,443(65.2%)

4,818(58.5%)(61.0%)

0Fiscal Year2014年3月期
ended March 2014
Copyright (c) 2015 Marvelous Inc. All rights reserved.

2Q

3Q

2015年3月期
Fiscal Year
ended March 2015

4Q

1Q

2Q

FiscalYear ending
2016年3月期
March 20168

Balance Sheet (Summary) Current assets decreased, reflecting lower cash and deposits after payment of income tax
and dividends, acquisition of G-MODE Corporation stocks, and purchase of own stocks inSeptember Accounting recognition of goodwill associated with acquisition of share capital of G-MODE
Corporation resulted in higher noncurrent assets
 Payment of accrued income taxes resulted in lower current liabilities (Unit: million yen)
End ofMarch 2015

End ofSeptember 2015

ChangeCurrent assets (total)

18,624

15,464-3,160Noncurrent assets (total)

3,414

4,489

1,075

22,03919,954-2,085

8,535

7,636-899

52

45

-7

Total Liabilities

8,588

7,682-906

Net Assets (total)

13,45012,272-1,178

Total Assets
Current liabilities (total)
Noncurrent liabilities (total)

Copyright (c) 2015 Marvelous Inc. All rights reserved.

9Fiscal Year Ending March 2016,Full-Year Business Forecast

Copyright (c) 2015 Marvelous Inc. All rights reserved.

Fiscal Year Ending March 2016, Full-Year Business Forecast
Full YearNet Sales

FY endingMarch 2016

ActualForecast(Amount)

15,37923,0007,620

149.5%●

Consumer GameBusiness

6,376

7,200823

112.9%

Audio & Visual●Business

4,699

Total

26,44135,0008,558

132.4%

Online GameBusiness

3,815

5,550

1,734

145.5%●

Consumer GameBusiness

Based on further strengthening of businesssystems, plans call for net sales of ¥35 billion andoperating income of ¥6 billion, marking 30%-plus
growth from the year earlier and double-digit gains
for the fourth consecutive year

Expecting increased full-year revenues and profits
in all segments.

(%)

Online GameBusiness4,800


YOY change●●Segment
IncomeFY ended
March 2015

100102.1%

Online game business on track for more growthcontinuing from fiscal year ended March 2015.

Development in Net Sales and(Unit: million yen)
Operating Income (Annual)
Netsales
売上高502550

47109.5%

Audio & Visual●Business

1,089

1,100

10100.9%

Total

5,407

7,200

1,792

133.1%-995-1,200-204

120.6%(+32.4%)6,000(percent change)

26,441

20,330Operating Income

4,412

6,000

1,587

136.0%

Ordinary Income

4,583

6,000

1,416

130.9%

Profit attributable toowners of parent

2,178

4,100

1,921

188.2%

Copyright (c) 2015 Marvelous Inc. All rights reserved.

(+36.0%)(+30.1%)(+15.6%)

17,579Adjustments & eliminations

35,000Operating
営業利益 income

4,412(+46.8%)3,006(+29.0%)2,329

FY2013年
ended
3月期
March2013

2014年
FY
ended
3月期
March2014

2015年
FY
ended
3月期
March2015

2016年
FY ending
3月期2016
March(forecast)（予想）

11Segment Results

Copyright (c) 2015 Marvelous Inc. All rights reserved.

Online Game Business:
FY Ending March 2016 Progress Status
1H Results for FY Ending March 2016

■Net sales ■Operating income

Increased sales from continued success of “Logres”
Income doubled compared with the year-earlier period, profit
margins up

12,000

Title Performance

10,608
2,276

1,117
4,000

〈Title Rollouts〉

Copyright (c) 2015 Marvelous Inc. All rights reserved.

01,000

1H Fiscal Year2015年3月期
endedMarch 2015
第2Q累計

1H Fiscal Year2016年3月期
endingMarch 2016
第2Q累計

(native app)Samurai Jam -BakumatsuRock-: Ultimate Soul

Service launched in August 2015

Service launched in September 2015

CHRONO DRAGON(native app)

©Marvelous Inc. Aiming Inc.

2,0006,117

 Service for MORPG “CHRONO DRAGON” initiated onAugust 28
 Service for “Samurai Jam -Bakumatsu Rock-: UltimateSoul,” the first smartphone app for “Samurai Jam Bakumatsu Rock-,” initiated on September 10

Service launched in December 2013

3,000

8,000

 “Logres of Swords and Sorcery: Goddess of Ancient”
continues to show strong performance
New TV commercial aired in September, and thecumulative number of downloads surpassed 7 million“Logres of Swords and Sorcery:
Goddess of Ancient”(Unit: million yen)0(native app)

©Marvelous Inc.
©Snowpopcorn Co., Ltd© 2014 Marvelous Inc.

13

Online Game Business:
Initiatives Starting in 3Q of FY Ending March 2016
TOPICS■Net sales ■Operating income (Unit: million yen)
25,000 Service for “Logres of Swords and Sorcery: Goddessof Ancient” in Taiwan, Hong Kong, and Macauinitiated on October 22
Domestic TV commercials and advertising promotion
to continue
 Advance registration for social game “VALKYRIE
DRIVE -SIREN-” underway at Mobage, GREE, anddgame, with service start scheduled within 2015
 Initiatives with “Disney Magic Castle Dream Island”
as core title to continue with new character
introductions and various events〈Title Rollouts〉

23,00020,000

5,550

8,000

6,000

15,37915,000
3,815

4,000

10,000
2,000

5,000

00
Fiscal Year ended
March 2015

Fiscal Year ending
March 2016

Full year

Full year

Overseas Initiatives

Logres of Swords and Sorcery:
Goddess of AncientService launched in Taiwan, Hong Kong, and Macauon October 22, 2015

©Marvelous Inc. Aiming Inc.

Copyright (c) 2015 Marvelous Inc. All rights reserved.

VALKYRIE DRIVE -SIRENService start scheduled within 2015

©Marvelous Inc. ©VALKYRIE DRIVE PARTNERS

14

Consumer Game Business:
FY Ending March 2016 Progress Status
1H Results for FY Ending March 2016

■Net sales ■Operating income

Higher sales and profits compared with the year-earlier period
thanks to strong sales of new products and repeat purchases atU.S. subsidiary

Title Performance

4,000(Unit: million yen)
750

3,741
3,430
590

600

3,000

 “IA/VT -COLORFUL-” was released on July 30, and “Luminous
Arc Infinity” was released on August 64504112,000 Marvelous USA posts strong sales of “Senran Kagura 2: DeepCrimson” (Japanese title: Senran Kagura 2) and other titles
 Successful performance of “Pokémon TRETTA” continues inthe third year. Newly produced amusement machine“MONSTER HUNTER SPIRITS” put into operation in June isalso doing well.

300
1,000150

0

1H Fiscal Year
ended March 2015

1H Fiscal Yearending March 20160〈Title Rollouts〉
Senran Kagura 2:Deep Crimson (3DS)

MONSTER HUNTER SPIRITS(Amusement)

Released August 6, 2015

Released September 15, 2015
(North America)

Launched June 25, 2015

©2015 Marvelous Inc.

©2015 Marvelous Inc. Licensed to and published byXSEED Games / Marvelous USA, Inc.

IA/VT -COLORFUL(PS Vita)

Luminous Arc Infinity(PS Vita)

Released July 30, 2015

©2015 Marvelous Inc./
1st PLACE Co Ltd. | IA PROJECT

Copyright (c) 2015 Marvelous Inc. All rights reserved.

©CAPCOM CO., LTD. 2015 ALL RIGHTS RESERVED. / Marvelous Inc.

15

Consumer Game Business:
Initiatives Starting in 3Q of FY Ending March 2016
TOPICS

9,000

 Release of “NET HIGH” scheduled for November 26
 Release of “NITRO+BLASTERZ -HEROINES INFINITEDUEL-” scheduled for December 10■Net sales ■Operating income(Unit: million yen)
1,500

7,200

7,500

1,200

6,376
6,000900

 Release of “VALKYRIE DRIVE -BHIKKHUNI-”
scheduled for December 104,500

 Marvelous USA, seeing strong sales, has likewisescheduled sales launch of multiple new titles including“Return to PopoloCrois: A STORY OF SEASONS
Fairytale” (Japanese title: POPOLOCROISBOKUJO MONOGATARI ）〈Title Rollouts〉
NET HIGH(PS Vita)
Scheduled for release
November 26, 2015

©2015 Marvelous Inc.

3,000502550300

1,5000Fiscal Year ended
March 2015

Fiscal Year ending
March 2016

Full year

Full year

NITRO+BLASTERZ-HEROINES INFINITE DUEL(PS4/PS3)

VALKYRIE DRIVE-BHIKKHUNI(PS Vita)

Return to PopoloCrois:
A STORY OF SEASONS
Fairytale (3DS)

Scheduled for release December 10, 2015

Scheduled for release
December 10, 2015

Release date: TBD©2015 Marvelous Inc.
©VALKYRIE DRIVE PROJECT

Licensed to and published by XSEED Games /Marvelous USA, Inc.

©EXAMU Inc.／Nitroplus©2015 Marvelous Inc.／EXAMU Inc.／Nitroplus©Nitroplus©Nitroplus ©GUILTY CROWN COMMITTEE©SORATOKUMO 2015 ©Nitroplus 2015
©Nitroplus ©Seikaisha©TOEI ANIMATION, Nitroplus / EFP Society©Nitroplus / TYPE-MOON©oceanus/2013 Gargantia on the verdurous Planet Committee©PSYCHO-PASS Committee©Nitroplus/NorimitsuKaiho,Sadoru Chiba,HOUBUNSHA©2015 Marvelous Inc.
©EXAMU Inc.

Copyright (c) 2015 Marvelous Inc. All rights reserved.

600016

Audio & Visual Business:
FY Ending March 2016 Progress Status
1H Results for FY Ending March 2016

■Net sales ■Operating income

New productions and sequels of stage performances continueto thrive
Higher revenues and profits from robust anime package sales(Unit: million yen)
800

2,400
2,101
1,844

Title Performance

576

1,800

 Continued strong package sales of “My Teen Romantic Comedy
SNAFU TOO!”
 Commercialization of package products for anime such as OVA“Tokyo Ghoul ‘JACK,’” “Yona of the Dawn,” and “PRETTY CURE”
series Stage performances of new production “Tokyo Ghoul the Stage”
in July, with tickets immediately sold out Performances of “Stage KⅡ-AROUSAL OF KING-” and “HYPERMUSICAL Samurai Jam -Bakumatsu Rock-” in August

6004251,200400600

2000

1H Fiscal Year
ended March 2015

1H Fiscal Yearending March 20160〈Title Rollouts〉
My Teen Romantic Comedy
SNAFU TOO! Go！ PRINCESS PRECURE

Tokyo Ghoul
the Stage

Sales launch of the first volume
on June 24, 2015

Sales launch of the first volume
on July 15, 2015

Performances in July 2015

©WATARU WATARI, SHOGAKUKAN／OREGAIRU2 PRODUCTION COMMITTEE©TOEI ANIMATION. ALL RIGHTS RESERVED©Sui Ishida/Shueisha,©Tokyo Ghoul the Stage Production Committee

Copyright (c) 2015 Marvelous Inc. All rights reserved.

Stage KⅡ-AROUSAL OF KING-HYPER MUSICAL Samurai Jam-Bakumatsu Rock-

Performances in August 2015

Performances in August 2015

©GoRA・GoHands／k-project©GoRA・GoHands／stage k-project©2014 Marvelous Inc./BakumatsuRock Production Committee©2014 Marvelous Inc./ULTRA MUSICAL BakumatsuRock Production Committee

17

Audio & Visual Business:
Initiatives Starting in 3Q of FY Ending March 2016
TOPICS

6,000

 Stage performances of latest productions of “MUSICAL THE
PRINCE OF TENNIS” and “Stage [Yowamushi Pedal]” seriescontinuing. Closing day live viewing planned in Japan andoverseas.

5,000■Net sales ■ Operating income(Unit: million yen)

4,800

4,699

1,500
4,000
1,089

1,100

 Performances of “MUSICAL AOHARUTETSUDO” scheduled for 3,000
November Stage performance of “musical-au revoir, Sorcier-” scheduled 2,000
for March 2016
 TV anime “Divine Gate,” financed by the Company, scheduled
to be aired in January 2016

2,000

1,000500

1,0000Fiscal Year ended
March 2015

Fiscal Year ending
March 2016

Full year

Full year

0〈Title Rollouts〉
MUSICAL THE PRINCE OF TENNIS Stage [Yowamushi Pedal]
3rd Season
Ep. IRREGULARSEIGAKU vs St.RUDOLPH“The Rival Peaks”
Performances scheduled
September to November 2015

Performances scheduled
October to November 2015

MUSICALAOHARUTETSUDO
Performances scheduled forNovember 2015

musical-au revoir, Sorcier-Divine Gate
Scheduled to air on TV in January 2016

Performances scheduledfor March 2016©2009 TAKESHI KONOMI ©2014 NAS, THE PRINCE OF TENNIS II PROJECT©1999 TAKESHI KONOMI / 2015 MUSICAL THE PRINCE OF TENNIS PROJECT©Wataru Watanabe (Akitashoten) 2008 / Yowamushi Pedal GR Film Partners©Wataru Watanabe (Akitashoten) 2008 / Marvelous, TOHO, SEGA LIVE CREATION

Copyright (c) 2015 Marvelous Inc. All rights reserved.

©AOHARU©Hozumi／SHOGAKUKAN Flower Comics α©GungHo Online Entertainment／Divine Gate World Council18Corporate Action

Enhance capitalefficiency

Profit returns toshareholders throughenhanced shareholder
value

Execution of flexible
capital policies consistent
with changes inenvironment

Execution of purchases of own stock(September 7, 2015 to September 8, 2015)

1.6 million shares

Total number ofshares acquired(Percentage of total shares issued*: 3.0%)

Total sharepurchase amount

1,783,532,300 yen*Excluding treasury stock owned prior to this acquisition
Copyright (c) 2015 Marvelous Inc. All rights reserved.

19

Thank you for your attention.
Inquiries
Administration Division, Corporate Planning Department
TEL: +81-3-5769-7447
FAX: +81-3-5769-7448
URL:http://www.marv.jp

This document contains forward-looking statements which are based on information currently available to the Company
and which 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
which could cause results including actual business performance to differ materially from those presented.

Copyright (c) 2015 Marvelous Inc. All rights reserved.