Bank of Innovation projected a dramatic fourth-quarter turnaround, forecasting ¥457 million ($3.0 million) in operating profit compared with a ¥3 million loss in the same period last year, according to its fiscal 2025 outlook disclosed September 19.
The Tokyo-based mobile game developer expects fourth-quarter revenue of ¥2.77 billion ($18.5 million), down 2.3% year-over-year, while net profit is projected to surge 927% to ¥452 million ($3.0 million).
For the full fiscal year ending September 2025, the company anticipates revenue declining 10.4% to ¥12.2 billion ($81.3 million), even as operating profit jumps 57.9% to ¥2.1 billion ($14.0 million). Net profit is expected to rise 45.2% to ¥1.3 billion ($8.7 million).
Bank of Innovation attributed the performance to steady results from its flagship title Memento Mori, coupled with reduced advertising spending and ongoing cost management initiatives. The company’s approach represents a shift toward profitability over revenue growth as it navigates competitive mobile gaming markets.
The projected fourth-quarter results mark a notable departure from recent seasonal trends. The July-September period, which precedes Memento Mori’s anniversary events, historically generated both revenue and profit declines for Bank of Innovation, including operating losses in the prior year.
Bank of Innovation faces legal challenges from Sega, which filed a ¥1 billion ($6.7 million) patent infringement lawsuit in October 2024 related to gacha mechanics in Memento Mori. The lawsuit contributed to a 17% drop in the company’s stock price when announced.
The developer, founded in 2006, has outlined ambitious global expansion plans centered on two large-scale RPG projects in development, targeting international markets for future growth.
