Fact Sheet
MarvelousAQL Inc.

First Half of Fiscal Year Ending March 31, 2014
Stock Exchange Listing: First Section of Tokyo Stock Exchange Stock Code: 7844 URL: http://www.maql.co.jp/
Contact: Corporate Strategy Office TEL: +81-3-5769-7447

In line with our management philosophy of the "'Amazement' and 'Emotion' to the world with New Entertainment,"
MarvelousAQL Inc. is a comprehensive entertainment company which develops online games, game software, games foramusement consoles, audio & visual software, musical performances, and other products and services.
Summary of Consolidated Quarterly financial information(Unit: million yen)

1Q

2Q

3Q

4Q

(3 months)(6 months)(9 months)(full-year)

Net Sales

4,410

9,585--

849

1,365--

Ordinary Income

876

1,385--Net Income
Net Income Per Share
(yen)

531

860-

-

9.94

16.10--

Results of Operations

Net Sales

Operating Income
20,00010,000

2,900

3,000

2,000

15,00010,415

9,585

7,904

1,000

1,105

1,365

1,535

5,000
0

First-half of Second-halfFirst-half
前期 of
当期
下期予想
FY
(forecast)previous
underreview
上期
上期-FY

Full-year
通期予想(forecast)--Ordinary Income

In the period under review, the entertainment industry saw continued growth in themarket for social games, although the rate of expansion showed a declining trend. Inaddition to traditional web browser games, the rapid adoption of smartphones has
spawned the sudden growth of the app game market where users play apps installed on
their smartphone. By contrast, an adverse environment remains in the market for
home-use games. Yet signs of a recovery were evident at September’s Tokyo GameShow 2013, where all eyes gathered on Japan’s first public showing of Sony PlayStation
4 (PS4) as fans lined up in hordes outside the demo play space for the opportunity to try
out an actual PS4 console. In the audio & visual sectors, growth continued in the Blu-raydisc market and an expansionary trend was seen in the fee-based video distribution
market.
Under these circumstances, the Group has been operating as a comprehensive
entertainment provider deploying a "multi-content, multi-use, and multi-device"
strategy to deliver diverse entertainment content in all business segments and on avariety of devices. Leveraging its robust intellectual property, the Group has beendriving its strategy in the three key areas of branding, alliances, and global business, andis working to offer content that generates "buzz" among today’s users while
endeavoring to enhance its services.
As a result, the Group’s net sales in the first half (April 1, 2013 to September 30, 2013)
marked 9,585 million yen (up 21.3% compared with the same period of the previousyear), with operating income of 1,365 million yen (up 23.5% compared with the same
period of the previous year), ordinary income of 1,385 million yen (up 35.6% comparedwith the same period of the previous year), and net income of 860 million yen (up33.4% compared with the same period of the previous year).
the summary of financial information(Unit: million yen)

20,000Operating Income

Important matters concerning

First Half (six months) Financial Results

2,890

Full-year
通期予想(forecast)
--

2,000

1,770

1,500

2,000

1,385

0First-half
前期 of First-half
当期 of Second-half
下期予想
FY(forecast)previous
上期
上期-underreview
FYNet Income

3,000

1,0000

1,505

1,000

1,021

645860910500First-half
前期 of First-half当期 of Second-half
下期予想
FY(forecast)previous
上期
上期-underreview
FY

Full-year
通期予想(forecast)--

セグメント別売上高比率
Percentage
of Net Sales by Segment

19.4%

OnlineGame Business
オンライン事業

39.3%

0First-half of Second-halfFirst-half
前期 of
当期
下期予想
FY
(forecast)previous
underreview
FY
上期
上期
--

Full-year
通期予想(forecast)--

セグメント別営業利益比率
Percentage
of Operating Income by Segment

19.0%

41.3%

OnlineGame Business
オンライン事業

ConsumerGame Business
コンシューマ事業

ConsumerGame Business
コンシューマ事業

Audio& Visual Business
音楽映像事業

Audio& Visual Business
音楽映像事業

11.9%

69.1%

On October 1, 2013, the Company executed a stock split of its common shares at the ratio of 100 shares to 1. The net income per share takes into consideration the effects of this stock split.

1

Segment Information (Performance Summary)Online Game Business

Consumer Game Business

Audio & Visual BusinessLeading Titles
Browser Sangokushi

Ikki-Tousen Burst Fight© 2011 塩崎雄二・ワニブックス／
一騎当千集鍔闘士血風録パートナーズ© MarvelousAQL Inc.

©MarvelousAQL Inc.

Remarks about Performance
In the field of PC browser games, main titles such as“Browser Sangokushi” continued their reign as long-time
best sellers, but revenues fell below those of the sameprior-year period amidst a market scale-back. In mobile
games on the other hand, “Ikki-Tousen Burst Fight” and“SENRAN KAGURA New Wave” continued their strong
growth from the previous fiscal year and the new title“High School DxD” entered distribution with a successful
launch in September 2013. However, in overseas markets,
first half releases in North America were unable to lift
performance above plan and the Company took a one-timewrite-off on money-losing titles.
As a result, segment net sales totaled 3,960 million yen (up18.9% compared with the same period of the previousyear), with segment operating income of 218 million yen(down 52.6% compared with the same period of theprevious year).
Net Sales (Unit: million yen)
10,000

7,500
5,000

3,960
3,331

5,040
3,937

9,000
7,269

“SENRAN KAGURA” series©2013 Pokémon.
©1995-2013 Nintendo/Creatures Inc./©2013 MarvelousAQL Inc. GAME FREAK inc. Developed by T-ARTS and MAQL

At the Company’s sales sector of the Consumer Games
Business segment, “VALHALLA KNIGHTS 3 (PS Vita)” hasrecorded strong sales since its launch in May 2013 alongwith outstanding repeat orders for “SENRAN KAGURA:SHINOVI VERSUS (PS Vita)” and “OBOROMURAMASA (PSVita),” which were brought to market last fiscal year.
Repeat orders on other existing works also boosted
revenues. In overseas operations, U.S. subsidiary
Marvelous USA, Inc. posted similarly strong sales.
The amusement division continued to develop favorably
after the start of the amusement console for children“Pokémon TRETTA” in July 2012, with strong contributions
to divisional business results.
As a result, segment net sales totaled 3,763 million yen (up21.0% compared with the same period of the previousyear), with segment operating income of 1,273 million yen(up 70.9% compared with the same period of the previousyear).
6,000
4,000
2,00000

Second-half
FYPrevious
under review
FY(forecast)(actual)Full-year
FY
Previous
under review
FY(forecast)(actual)Operating Income (Unit: million yen)
1,200942

900
600
3000

1,160665

460

218

First-Half
FY
Previous
under review
FY(actual)(actual)

204
Second-half
FYPrevious
under review
FY(forecast)(actual)Full-year
FY
Previous
under review
FY(forecast)(actual)7,059 7,400

8,000

2,500
First-Half
FYPrevious
under review
FY(actual)(actual)Pokémon TRETTA

2,500
2,000
1,500
1,000500
03,1103,763

3,949 3,637“PRECURE” series©2013 Toei Animation Co., Ltd.

MUSICAL THE PRINCE OF TENNIS©2009 TAKESHI KONOMI©2012 NAS, THE PRINCE OF TENNIS II PROJECT©1999 TAKESHI KONOMI／
2011 MUSICAL THE PRINCE OF TENNIS PROJECT

The audio & visual production sector of the Audio & Visualbusiness segment reported healthy sales from the videocommercialization of “DOKIDOKI! PRECURE,” a new TVanimation production in the “PRECURE” series, and “My Teen
Romantic Comedy SNAFU,” a TV animation product leadmanaged by the Company.
The stage production division marked a total 61 performancesof “MUSICAL THE PRINCE OF TENNIS,” accompanied by new
releases of five related DVDs. The performance of “MusicalYowamushi Pedal Inter-high Arc The First Result,” whose
presale tickets sold out immediately, continued to receive
kudos which originated with its previous production, allowing
the performances to become established as a major series.
As a result, segment net sales totaled 1,861 million yen (up27.3% compared with the same period of the previous year),with segment operating income of 350 million yen (up 1.5%compared with the same period of the previous year).
3,256 3,600

4,000
3,000
2,000

1,462

1,860

1,794 1,740

1,000First-Half
FY
Previous
under review
FY(actual)(actual)1,273745First-Half
FY
Previous
under review
FY(actual)(actual)Second-half
FYPrevious
under review
FY(forecast)(actual)Full-year
FY
Previous
under review
FY(forecast)(actual)

2,030
1,819
1,074

Full-yearFY
Previous
under review
FY(forecast)(actual)First-Half
FY
Previous
under review
FY(actual)(actual)Second-half
FYPrevious
under review
FY(forecast)(actual)600

0Full-year
FY
Previous
under review
FY(forecast)(actual)

738 710800
400
200757

Second-half
FYPrevious
under review
FY(forecast)(actual)0344 350

394 360First-Half
FY
Previous
under review
FY(actual)(actual)Second-half
FYPrevious
under review
FY(actual) (forecast)

Full-year
FY
Previous
under review
FY(actual) (forecast)2Transition of Performance / Financial Indices / Transition of Financial Data
[Consolidated Statement of Income]2009.3
Net Sales
Gross Operating Income
Operating Income
Ordinary Income
Net Income

2010.32012.32011.3Former MMV

10,139

8,284

6,965

Former AQI

6,180

7,197

7,239

Former MMV

1,616

677

1,740

Former AQI

2,032

2,586

3,644

Former MMV-1,238-1,668

202-7

58

1,070-1,308-1,725147

Former AQI
Former MMV■Former MMV ■AQI ■MarvelousAQL(Unit: million yen)

1363

1,041

Former MMV-1,221-1,623131

Former AQI-468

58537

Former AQI

2014.3 1H(six months)

2013.3
17,579

9,585

4,491

8,116

4,682

20,00017,579

1,044

2,329

1,365
10,000

1,025

2,325

1,385
5,000

3,533

1,919

10,1396,180

Current Liabilities
Long‐Term Liabilities
Net Assets
Shareholders’ Equity

8,284
7,239
7,197 6,965

1,070 1,044

1,000

10,4230-758

2009.32010.3860
02010.32011.32012.32013.3-2,000-1,238202
2011.32012.32013.3-1,668(Unit: million yen)

2009.3

Total Assets

2,329-1,0002009.3Fixed Assets

3,000
2,000

15,000[Consolidated Balance Sheet]

Current Assets

Operating Income (million yen)

Net Sales (million yen)

10,4232010.32011.32012.3Former MMV

5,870

3,889

3,271

Former AQI

6,364

6,377

7,231

Former MMV

860823820

Former AQI

1,414

1,403

1,003

Former MMV

6,731

4,713

4,092

Former AQI

7,779

7,780

8,235

Former MMV

5,431

4,447

3,496

Former AQI

1,272

1,186

1,320

872271Former MMV
Former AQI

90169

35

Former MMV

1,291

193

325

Former AQI

6,416

6,4246,878

Former MMV

1,276

193

325

Former AQI

6,364

6,417

6,878

2014.3 1H(six months)

2013.3

11,932

12,593

12,887

1,734

2,748

2,597

13,667

15,341

15,484

4,361

4,570

4,526

Ordinary Income (million yen)
3,000

2,325

2,000
1,000

Net Income (million yen)63

2009.32010.3

76

62

9,102

10,694

10,895-2,000 -1,308-1,725

9,102

10,694

10,8950

2011.32012.32013.3-1,0002009.358537
1312010.32011.32012.32013.3-1,000-468-2,000 -1,221 -1,623

Net Assets (million yen)

Total Assets (million yen)

[Cash Flow Satement]

1,919

1,000

14702023,533

3,000
2,000

1,041 1,025
134,000(Unit: million yen)

2009.32010.32011.3

Cash flows from

Former MMV-1,038

-210

1,360

Operating activities

Former AQI

-35

-193

2,904

Cash flows from

Former MMV-153-22-246

Investing activities

Former AQI

-114

-598

-2,762

Cash flows from

Former MMV

937

5-237

financing activities

Former AQI-40

104-216

Cash and Cash EquivalentFormer MMV

1,109

874

1,749

at End of Period

3,187

2,483

2,401

Former AQI

2012.3
1,399

2013.3
2,817

2014.3 1H(six months)

16,000-12,00013,667

435-2,130-

7,779 7,780
8,000 6,731

-479

-975

-

4,000

5,979

5,723

-

0

4,713

15,341

12,000

9,102

10,000
8,000

8,235

10,694

6,878
6,416 6,424

6,000
4,000

4,092

2,000

1,291

193

325

0
2009.32010.32011.32012.32013.32009.32010.32011.32012.32013.33

Transition of Performance / Financial Indices / Transition of Financial Data
[Per Share Indices]2009.3
Net income per share

Former MMV

2010.3-145.67

2011.3-136.18

2012.3

10.76

(yen)

Former AQI-86.25

10.76

98.73

Net assets per share

Former MMV153.64

15.83

26.65(yen)Former AQI

1,171.16

1,180.61

1,261.95■Former MMV ■AQI ■MarvelousAQL

2014.3 1H(six months)

2013.3

Net income per share (yen)107.62

35.90

16.10

170.29200.07203.8315098.73

10010.76[Profitability]

Gross profit rate (%)
Operating profit ratio (%)
Ordinary profit ratio (%)
Net profit ratio (%)

2010.32011.32012.3Former MMV

15.9

8.2

25.0

Former AQI

32.9

35.9

50.3

Former MMV

-12.2

-20.1

2.9

Former AQI

-0.1

0.8

14.8

Former MMV

-12.9

-20.8

2.1

Former AQI0.20.914.4

Former MMV

-12.0

-19.6

1.9

Former AQI

-7.6

0.8

7.4

2014.3 1H(six months)

2013.3

43.1

046.2

48.8

10.0

13.3

14.2

9.8

13.2

14.5

33.9

10.9

9.0

-100

ROE (%)ROA (%)
Capital ratio (%)
D/E ratio (%)

Former MMV

2011.32012.3-62.8-220.9

50.6

－0.9

8.1

Former MMV

-18.0

-30.2

3.4

Former AQI

0.2

0.8

13.0

Former MMV

19.0

4.1

7.9

Former AQI

81.8

82.5

83.5

Former MMV

210.1

1,099.6

559.7

Former AQI

5.5

6.9

1.1

Former AQI

2014.3 1H(six months)

2013.3

75.0
11.6

19.4
16.0

2009.32010.3

1,000

2011.32012.32013.32009.3

66.6

69.7

70.4

15.2

7.9

6.6

2010.3200.0726.65
2012.32011.32013.3Operating profit ratio (%)
20.0

82.5

83.5
66.6

81.8

69.7

10.0
5.0

-5.0

19.0

-10.0

7.9

4.1

14.8

15.0

0.0

-

15.83

0

-136.18

60.0

20.0

170.29153.64-86.25100.0-

1,261.95

10.76

Capital ratio (%)

40.0

1,180.61

500-150 -145.67

80.0

2010.3

1,171.16-50[Efficiency & Security]
2009.3107.6235.9050

2009.3

Net assets per share (yen)1,500-0.10.8

2009.32010.3

13.3

10.0

2.9
2011.32012.32013.3

-12.2

-15.0

-20.1

-20.00.0
2009.32010.32011.32012.32013.3-25.0

ROA (%)ROE (%)

30.0[Return to shareholders]2009.3
Dividend (million yen)
DOE (%)
Dividend payout ratio (%)

2010.32011.32012.3Former MMV

000

Former AQI

081201Former MMV

0.0

0.0

0.0

Former AQI

0.0

1.3

2.9

Former MMV

0.00.00.0

Former AQI

0.0

139.3

37.5

Important matters concerning
the summary of financial information

100.0

2014.3 1H(six months)

2013.350.0

323668

-

6.1

6.8

-0.0
-50.0
-100.002009.3

50.6
8.1
0.9
2010.3

-62.8

34.8

-2012.3

2013.3

10.0
0.0
-10.0

-30.0

-200.0-250.0

19.4

-20.0

-150.0

5.6

2011.3-220.9

13.0

20.0

75.0

-40.0

0.2

0.8

2009.32010.3

3.4
2011.316.0
11.6
2012.32013.3

-18.0
-30.2

On October 1, 2013, the Company executed a stock split of its common shares at the ratio of 100 shares to 1. The net income per share takes into consideration the effects of this stock split.

4

Future Developments & Outlook for Current Fiscal Year / Basic Information
Future Developments & Outlook for Current Fiscal YearOn November 1, 2012, approximately one year after the management integration, theCompany listed its shares on the Tokyo Stock Exchange, first Section, marking a new milestone
in the development of the Company.
Building on our strengths as a comprehensive entertainment company, we will push ahead
with the lateral expansion and enhancement of each business division and the creation offlagship titles, and unleash further comprehensive synergies. Moreover, through theexpansion and enhancement of mobile operations and the strengthening of overseas
operations and other measures focused on our times, we will aim to achieve steady growthand work to evolve into a global content provider that amazes the world.
As to business initiatives in the fiscal year ending March 2014, the Group will keep up thefavorable performances of the Consumer Game Business division and the Audio & VisualBusiness division, with Online Game Business operations remaining at the center of efforts. In
the mobile games field in particular, measures will be further strengthened to launch titles
that have the potential to develop into new pillars of operations.
As a result of the aforementioned efforts, consolidated results for the next term are forecast
to achieve net sales of 20,000 million yen, operating income of 2,900 million yen, ordinary
income of 2,890 million yen, and net income of 1,770 million yen.

We aim to expand our business and improve profitability by “creating and developing
powerful IPs” and strengthening, expanding, and accelerating our strategy which utilizes
our advantages as a “comprehensive entertainment company.”

Strengthening, expanding, accelerating
Initiatives centered on powerful IP
Activation of further integration effects
The birth of a new andimproved MarvelousAQL
14,413 ●10.0%

Next Stage

Listed on the first section of Tokyo Stock
Exchange approx. one year after integration
17,579● 13.3%20,000Operating margins●14.5%
2,900

2,329
Net sales Operating(million yen) income(million yen)

1,439

Our Aim is to be a Global Content Provider that Amazes the World
Fiscal Year ended March 2012

Fiscal Year ended March 2013

Fiscal Year ending March 2014 (forecast)

Basic InformationCompany Profile (As of September 30, 2013)
・Company Name:・Head Office:・Established:・Capital・Officers:

MarvelousAQL
5F Shinagawa Seaside East Tower, 4-12-8 Higashi-Shinagawa, Shinagawa-ku, Tokyo, Japan
June 25, 1997
¥1,128 million
Representative director and chairman
Haruki Nakayama
President
Shuichi Motoda
Vice President
Toshinori Aoki
Director
Yoshiaki Matsumoto
Director
Nobuyuki Yamakaku
Director
Yoshiteru Yamaguchi
Director (External)
Shunichi Nakamura
Director (External)
Ken Kutaragi
Standing Statutory Auditor (External)
Isamu Tsuji
Corporate Auditor (External)
Iwao NishiCorporate Auditor (External)
Katsuhiko Nishimura

Business Activities
Online GameBusiness

Developing apps and games capitalizing on the Company’s proprietary
intellectual property and other companies’ promising intellectual property forvarious platforms

Consumer GameBusiness

Proposing, developing, producing and marketing game software for home game
consoles and game machines for amusement facilities

Audio & Video
Business

Proposing, producing, and marketing a variety of contents including audio and visual,as well as proposing, producing, and exhibiting stage and musical performances

Stock Information (as of September 30, 2013)
・End of term: March 31
・Shares per unit: 1・Total number of authorized shares: 900,000
・Total shares outstanding: 535,931
・Number of shareholders: 10,629[Major Shareholders / Ratio of Shares Owned]
・ Hayao Nakayama
・ Amuse Capital Inc.
・ Haruki Nakayama
・ Trust & Custody Services Bank, Ltd. (securities investment trust account)・ Japan Trustee Services Bank Ltd. (trust account)・ Amuse Capital Investment, K.K.
・ DEUTSCHE BANK AG LONDON-PB NON-TREATY CLIENTS 613
・ Japan Securities Finance Co., Ltd.
・ TOHOKUSHINSHA FILM CORPORATION・ Nomura PB Nominees TK 1 Limited[Stock Quote] (As of November 6, 2013)18.32 %
12.50 %
10.22 %
5.20 %
3.47 %
3.43 %
3.37 %
2.66 %
1.45 %
1.16 %

・Stock Quote: 576 yen
・Market Cap 30,869 million yen

5