Marvelous Inc.
Stock Code: 7844
(First Section of Tokyo Stock Exchange)

Results Briefing Materials

Fiscal Year Ending March 31, 2021
Third Quarter
January 29, 2021

Contents

Fiscal Year Ending March 2021, Third-Quarter Results Summary
Segment Results
Fiscal Year Ending March 2021, Full-Year Business Forecast

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

2

Fiscal Year Ending March 2021,
Third-Quarter Results Summary

Earnings Highlights (Statement of Profit and Loss) Although the impact of the novel coronavirus (COVID-19) on the amusement andaudio & visual businesses continued, a substantial increase in profits was achieved
thanks to improved profit ratio in the online game business and new hits inconsumer games.
Unit: million yen

3Q FY ended March 2020

3Q FY ending March 2021

ActualActualProfit ratio

YOY change

Profit Ratio(Amount)(%)

Net sales

18,546-

17,292--1,254

93.2%

Cost of sales

9,990-

8,005--1,98480.1%

SGA expenses

6,444-

5,946-

-498

92.3%

Thereof advertisingexpenses

1,380-

938-

-442

68.0%

Operating profit

2,111

11.4%

3,340

19.3%

1,228

158.2%

Non-operating
profit/loss

24-

-53

-

-77-

Ordinary profit

2,135

11.5%

3,286

19.0%

1,150

153.9%

Extra ordinary
profit/loss

-44-

52

-

96

-

Income taxes

755-

994-

239

131.8%

Profit attributable toowners of parent

1,336

7.2%

2,344

13.6%

1,007

175.4%

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

4

Segment Results

Unit: million yen

3Q FY ended
March 2020

3Q FY ending
March 2021

ActualActual

YOY change(Amount)(%)

Online GameBusiness

5,975

5,788

-187

96.9%

Consumer GameBusiness

8,714

8,834120101.4%

Audio & VisualBusiness

3,874

2,681-1,192

69.2%

Total

18,546

17,292-1,254

93.2%

Online GameBusiness

120

1,331

1,2111105.4%

Consumer GameBusiness

1,936

2,474

537

127.8%

Audio & VisualBusiness

1,127626-501

55.5%

3,184

4,432

1,247

139.2%

Company-level costs, etc.

-1,073-1,092-19

101.8%

Operating profit total

2,111

3,340

1,228

158.2%Net sales

Segment
profitTotal

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

5

Development of Net Sales and Operating Profit
by Segment (Quarterly)■音楽映像事業■Audio & Visual Business■コンシューマ事業■Consumer Game Business■オンライン事業■Online Game Business
単位：百万円Unit:million yen

7,901
7,018
6,192

4,822

1,798

6,375(20.6%)

6,879

6,583

6,318

1,799(25.6%)(21.1%)

2,261(32.9%)

1,814

2,014(15.2%)(22.6%)

3,051(38.6%)(36.7%)

2,668(42.4%)

3,048(43.4%)(34.8%)

2,196

2,309(29.5%)

4,668(35.1%)

1,098(24.3%)

977

3,472

3,479(20.9%)(45.0%)

2,682(55.1%)(31.9%)(39.3%)

1,761(48.3%)

1Q

2,243(36.2%)

2Q

2,724(42.7%)

2,736(34.6%)

2,302(36.6%)

2,175(31.0%)

2,430(35.3%)

2,790(42.4%)

1,658(36.7%)

3Q

2018年3月期
FY ended
March 2018

4Q

1Q

2Q

3Q

2019年3月期
FY ended
March 2019

4Q

1Q

1,623(34.8%)(39.0%)

2,330(14.7%)(23.5%)

961

1,489

1,159

6,818

4,518
2,341

2,159

6,296
1,326(29.0%)(24.1%)(27.8%)(26.8%)

1,318

1,164

1,338

2,115

7,872

7,709

1,894(30.0%)

2Q

2,422(31.4%)

3Q

2020年3月期
FY ended
March 2020

2,126(31.2%)

4Q

4,750544(11.5%)

4,934(62.7%)

2,276(47.9%)

2,068

1,930(44.3%)(40.6%)

1Q

2Q

1,789(22.7%)

3Q

2021年3月期
FY endingMarch 2021

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

Online Game Business:
3Q FY Ending March 2021 Progress Status[Results Up Until 3Q FY Ending March 2021]
Sales remained robust and profits ratio increased due to the disposalof unprofitable titles in the previous fiscal year.

[Title Performance]

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

5,975

5,788

 Sales of “SHINOVI MASTER -SENRAN KAGURA NEW LINK-”
and “Logres of Swords and Sorcery: Goddess of Ancient,”
remained at the same level as the previous fiscal year, as theiranniversary events were implemented successfully.
 “Ikki-Tousen Extra Burst” showed low continuation rate despite
increase of new users due to half anniversary events andpromotion effects.

1,331
120
3Q FY ended
March 2020

3Q FY ending
March 2021

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

Ikki-Tousen Extra Burst

Launched
Nov. 29, 2017
Launchedon
in December

Launched on Dec. 17, 2013

Launched on May 25, 2020

(F2P app)2013©Marvelous Inc.
©HONEY PARADE GAMES Inc.

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

(F2P app)©Marvelous Inc. Aiming Inc.

(F2P app)©2019 YUJI SHIOZAKI・SHONENGAHOSHA/IKKITOUSEN WW PARTNERS©2020 Marvelous Inc.

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Online Game Business:
Initiatives Starting in 4Q FY Ending March 2021
 Service of a PC version (DMM GAMES) of “Ikki-Tosen Extra Burst” is planned to belaunched soon, and it is aimed to recover by increasing the number of users and sales.
 A new game app “The Thousand Musketeers: Rhodoknight” is under development withpre-registered users numbering more than 100,000 (official service launch day is yet to be
determined).
 Aim at maintaining sales of existing titles with efforts to continue stable operation.

Ikki-Tousen Extra Burst(F2P app)

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

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

The Thousand Musketeers:Rhodoknight(F2P app)

Official service launch day is yet
to be determined.
©Marvelous Inc.

9Consumer Game Business:
3Q FY Ending March 2021 Progress Status[Results Up Until 3Q FY Ending March 2021]

 Sales and profits increased due to strong sales at overseas subsidiaries andthe big hits of new game software

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

 Amusement division is affected by the re-spread of COVID-19.

8,714

8,834

[Title Performance]
 “No More Heroes” and “No More Heroes 2: Desperate Struggle” Nintendo Switchdownload versions were launched in October; and sales in North America andEurope maintain robust.
 Japanese style action RPG “TENSUI NO SAKUNAHIME” released in November
became a hit with over 850,000 shipments (accumulated) worldwide (as of January
29, 2021).

1,936

 In the amusement division, the income of each title including “Pokémon
MEZASTAR” declined due to the impact of COVID-19. Overseas “Pokémon Ga-Olé”
performed well in regions where operations commenced.

3Q FY ended
March 2020

2,474

3Q FY ending
March 2021

[Title Rollouts]

No More Heroes
No More Heroes 2: Desperate Struggle

TENSUI NOSAKUNAHIME(Nintendo Switch Download Version)(PlayStation®4/Nintendo Switch/Windows PC)

Japan, Asia, North America and Europe:
Released on October 28, 2020

Japanese and Asian versions:
Released on November 12, 2020
North American version and PC version:
Released on November 10, 2020
European version: Released on November 20, 2020

©Marvelous Inc. / Grasshopper Manufacture Inc.

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

©2020 Edelweiss. Licensed to and published by XSEED Games / Marvelous USA,
Inc. and Marvelous, Inc.

Pokémon
MEZASTAR(Amusement)Launched on September 17, 2020©2021 Pokémon. ©1995-2021 Nintendo/Creatures Inc. /GAME FREAK inc.
Developed by T-ARTS and MARV 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 in 4Q of FY Ending March 2021
 The completely new title for Nintendo Switch “BOKUJO MONOGATARI OLIVE TOWN TO KIBO
NO DAICHI” will be released in Japan and Asia in February, and in North America and Europein March. As its reservations are strong, we will strengthen the promotion and aim for the best
hit in the series.
 TV commercials of “TENSUI NO SAKUNAHIME” will go on the air in January, aiming to further
expand sales.

BOKUJO MONOGATARI
OLIVE TOWN TO KIBO NO DAICHI(Nintendo Switch)

Japanese and Asian versions:
To be released on February 25, 2021
North American version :To be released on March 23, 2021
European©2021 Marvelousversion:Inc.
To be released on March 26, 2021

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

11

Audio & Visual Business:
3Q FY Ending March 2021 Progress Status[Results Up Until 3Q FY Ending March 2021]

Unit: million yen

 Stage performances were held with gradually increasing capacity after
deregulation on capacity.
 Sales and operating profit decreased year on year due to cancellation ofperformances in the first half of the fiscal year.
Package sales and video distribution maintained robust.

■■Net sales ■■Segment profit

3,874[Title Performance] TV anime “Akudama Drive” was broadcasted from October to December, andsome of them were packaged and commercialized.
 “Pretty Cure Miracle Leap the Movie” was released on October 31.
 The original comedy drama “Hansam Senkyo” was broadcasted from October toDecember.
 “Katekyo Hitman Reborn!” the STAGE -SECRET BULLET- and 4 other works
were performed on the stage.
 Blu-ray and DVD of “Touken Ranbu the Stage ” were launched and the sales
are strong.

[Title Rollouts]
Akudama Drive

2,681
1,127626
3Q FY ending
March 2021

3Q FY ended
March 2020

“Katekyo Hitman Reborn!”the STAGE
Touken Ranbu the Stage-SECRET BULLET-

Pretty Cure Miracle
Leap the Movie

Drama “Hansamu Senkyo”

December 2020
BD/DVD Volume 1
released© Pierrot,TooKyoGames/Akudama Drive Production Committee

Released inOctober 2020
©2020 Pretty Cure Miracle Leap the Movie Production Committee

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

TV broadcast from October
to December 2020
©HansamusenkyoProject

Performed inNovember 2020

December 2020
BD/DVD released© Touken Ranbu the Stage Production Committee© 2015-2020 DMM GAMES/Nitroplus© Akira Amano・Hideaki Koyasu／Shueisha© REBORN! THE STAGE PROJECT
舞台『弱虫ペダル』新インターハイ篇
ザ・キン

グダム～箱根学園王者復格～

12Audio & Visual Business:
Initiatives Starting in 4Q FY Ending March 2021
 Broadcast of new Pretty Cure Series “Tropical-Rouge！Pretty Cure” will start on TV in February.
 In response to the re-regulation of events due to the declaration of an emergency situation, the times of some
performances were changed and refunds, etc. were given.
 Stage performances, which had been canceled due to the spread of COVID-19, will be performed again.
Tropical-Rouge！Pretty CureMUSICAL THE PRINCE OF TENNIS ⅡThe First Stage

Touken Ranbu the Stage

February 2021 Start of TV
broadcasting scheduled

Performances scheduled for
December 2020 - February 2021

Performances scheduledfor January - March 2021

©2009 TAKESHI KONOMI／2020 MUSICAL THE PRINCE OF TENNIS II PROJECT©Toei Animation. All Rights Reserved© Touken Ranbu the Stage Production Committee© 2015 EXNOA LLC/Nitroplus

MUSICAL AOHARU TETSUDO 4
Unquiet on the Kyushu Expedition

STAGE [YOWAMUSHI PEDAL]SPARE BIKE : Ep. Heroes!!

To be performed inFebruary 2021

To be performed inMarch 2021

©Musical AOHARU TETSUDO Project

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

©WATARU WATANABE（Akitashoten）2008／Yowamushi Pedal Stage Project13

Fiscal Year Ending March 2021,
Full-Year Business Forecast

Fiscal Year Ending March 2021, Full-Year BusinessForecast
Results forecasts
 Following the smash hit of "TENSUI NO SAKUNAHIME", expected to contribute to profits byreleasing a completely new work of “BOKUJO MONOGATARI" Amusement and stage performance business continues to suffer severe business conditions
due to the impact of COVID-19.
 Active promotion of strong online and consumer games will be carried out.

Unit: million yen

FY ended March2020

FY ending March2021

YOY change

ActualRevised forecast(%)(Reference)
FY ending March 2021
Forecast(Published on Oct. 30,2020)

25,36524,00094.6%

21,000 23,400

Operating profit

2,449

3,600147.0%

2,450 3,000

Ordinary profit

2,502

3,550

141.9%

2,450 3,000

Profit attributable toowners of parent

1,797

2,450

136.3%

1,800 2,100Net sales

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

15

Dividends Forecasts and Dividend Policy
Dividends forecasts
For the fiscal year ending March 2021, we plan an ordinary dividend of 33 yen, thesame amount as in the previous fiscal year.
(Unit: Yen)
（単位：円）■Ordinary■
普通配当dividend■ 記念配当 ■Commemorative dividend

303033333333

330333333

Dividend policy
Securing necessaryinternal reserves for
expanding futurebusinesses andstrengthening thefinancial position, theGroup distributes
continuous and stabledividends targeting
30% or more of payout
ratio as a basic policy.

FY ending
FY ended
FY ended
FY ended
FY ended2017年3月期
2018年3月期
2019年3月期
2020年3月期
2021年3月期
March2021
March 2017
March 2018
March 2019
March 2020
（予想）
(Forecast)
Dividend
payout
ratio

37.3%

48.6%

50.9%

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

95.0%

78.3%
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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 tocertain risks and uncertainties which could cause results including actual business performance to differ
materially from those presented.

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

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