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Kadokawa FY3/2024 Q1 Earnings release - Game Segment Net Sales ¥4,308M (-65.76% YoY), Operating Profit ¥1,156M (-82.4% YoY). Elden Ring. D:

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ggx2ac

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(They publish Dark Souls)
Link to slides: https://ssl4.eir-parts.net/doc/9468/ir_material_for_fiscal_ym13/139226/00.pdf

Link to 4th Quarter FY3/2023 thread which has links to the other quarters:

Kadokawa FY3/2023 Q4 Earnings release - Game Segment Cumulative Net Sales ¥30,351M (+55.72% YoY), Operating Profit ¥14,218M (+173.42% YoY): Elden Ring

Link to slides: https://ssl4.eir-parts.net/doc/9468/ir_material_for_fiscal_ym7/134973/00.pdf Link to 3rd Quarter FY3/2023 thread...
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Q1 Net Sales ¥4,308M (-65.76% YoY)

Q1 Operating Income ¥1,156M (-82.4% YoY)

Screenshots:
kado9.jpg



There wasn't much else so, random screenshot:
kado10.jpg
 
"The sales of the new title, Master Detective Archives: RAIN CODE from Spike Chunsoft contributed to the [Net sales] segment" and "1Q sales and operating profit were in-line with the initial forecast" at least point to Rain Code not being a disappointment for them so far.
 
jesusraz said:
"The sales of the new title, Master Detective Archives: RAIN CODE from Spike Chunsoft contributed to the [Net sales] segment" and "1Q sales and operating profit were in-line with the initial forecast" at least point to Rain Code not being a disappointment for them so far.
Click to expand...

I read that as the game performing in line with expectation more or less so far, neither over nor underperforming and still bringing a profit

Napkin math gives net sales somewhere between 1-2B JPY for this quarter (5000*200.000-400.000*) so Rain Code did the heavy lifting for their revenue and they kept an operating profit so seems ok.

*
5000y in gross revenue per copy and 200.000-400.000k units shipped, 200k sounds a bit pessimistic as I would expect >100k for Japan only and the game being out of stock in NA + distributed by Nintendo in Europe (+ Asia) leads me to believe it sold way more than 100k outside Japan.
So 1.5-2.5B JPY could be a more accurate estimate
 
Fisico said:
I read that as the game performing in line with expectation more or less so far, neither over nor underperforming and still bringing a profit

Napkin math gives net sales somewhere between 1-2B JPY for this quarter (5000*200.000-400.000*) so Rain Code did the heavy lifting for their revenue and they kept an operating profit so seems ok.

*
5000y in gross revenue per copy and 200.000-400.000k units shipped, 200k sounds a bit pessimistic as I would expect >100k for Japan only and the game being out of stock in NA + distributed by Nintendo in Europe (+ Asia) leads me to believe it sold way more than 100k outside Japan.
So 1.5-2.5B JPY could be a more accurate estimate
Click to expand...
Yeah, exactly what I was thinking. Didn't disappoint, but didn't over-perform to the point of them making a specific mention of exceeding expectations. From your calculations, though, it clearly did a great job of balancing the books.
 
jesusraz said:
"The sales of the new title, Master Detective Archives: RAIN CODE from Spike Chunsoft contributed to the [Net sales] segment" and "1Q sales and operating profit were in-line with the initial forecast" at least point to Rain Code not being a disappointment for them so far.
Click to expand...
I think games like Rain Code should start launching on PC Day 1 at this point. PC gaming community is quite big and diversified at this point.
 
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