Japanese entertainment company Bushiroad Inc. reported a dramatic surge in operating profit for fiscal year 2025, driven by strong demand for trading card games and live entertainment merchandise, though management cautioned that earnings growth would reverse course in the coming year.
The Tokyo-listed company posted operating profit of ¥4.87 billion ($33.0 million), a 451.6% increase from the previous year, while revenue climbed 21.4% to ¥56.18 billion ($380.8 million). Both figures represented record highs for the company, according to its earnings statement released Wednesday.
Bushiroad’s trading card game unit led the charge with revenue of ¥27.04 billion, up 24.9% year-over-year. Popular titles including Cardfight!! Vanguard and Weiss Schwarz continued their momentum, while collaborations with franchises like Hololive and Love Live! provided additional growth drivers.
The company’s live entertainment operations generated ¥5.69 billion in revenue, benefiting from large-scale concerts by its Ave Mujica band. Merchandise sales surged 52.5% to ¥8.89 billion, supported by BanG Dream!-related products timed to coincide with live events.
However, Bushiroad tempered investor expectations for fiscal 2026, projecting revenue to slip 0.3% to ¥56 billion while operating profit falls 7.6% to ¥4.5 billion. Management characterized the upcoming period as a preparation phase for future intellectual property development, signaling increased investment spending ahead.
