On June 14, Appirits announced its consolidated financial results for the first quarter (February to April) of the fiscal year ending January 2025. Despite delays in some large-scale projects in the web solutions business, the company reported that overall sales and profits met their planned targets.
Appirits recorded sales of 2.136 billion yen, a 6.2% increase from the same period last year. The operating profit rose by 17.8% to 124 million yen, while ordinary profit increased by 17.5% to 123 million yen. Net profit saw a 21.9% rise, reaching 76 million yen.
Segment Performance:
1. Web Solutions Business:
- Sales: 838 million yen (0.1% increase year-on-year)
- Segment Profit: 183 million yen (33.7% decrease year-on-year)
- The first quarter saw a recovery in both sales and segment profit due to successful investments in acquiring new projects.
2. Digital Human Resources Development and Dispatch Business:
- Sales: 538 million yen (up 17.6% year-on-year)
- Segment Profit: 49 million yen (up 326.2% year-on-year)
- The demand for digital human resources dispatch remained strong, with an increase in the number of employees working.
3. Online Game Business:
- Sales: 776 million yen (up 8.4% year-on-year)
- Segment Profit: 79 million yen (a loss of 6 million yen in the same period last year)
- The transferred titles “Kemono Friends 3” and “UNI’S ON AIR” contributed significantly to sales, alongside cost reductions from streamlined operations and in-house outsourcing.
Strategic Developments:
In the contract development and operation sector, Appirits has been securing steady orders for game development by leveraging its expertise from developing its own game titles. The company also participated in the operation of “The New Prince of Tennis RisingBeat,” provided by Bushiroad <7803>.
For its own game titles, Appirits has maintained sales through various events and new character additions in “Goetia Cross.” The company is also focused on developing a new game title for the “Shikihime Project,” slated for release this fiscal year.
Full-Year Forecast:
Appirits has maintained its forecast for the full fiscal year ending January 2025, expecting:
- Sales: 9 billion yen (6.8% increase year-on-year)
- Operating profit: 678 million yen (13.1% increase year-on-year)
- Ordinary profit: 672 million yen (12.7% increase year-on-year)
- Net profit: 430 million yen (11.3% increase year-on-year)
These results highlight Appirits’ resilience and strategic growth across its various business segments, setting a positive outlook for the remainder of the fiscal year.
