Imagica Group has reported a consistent financial performance for the fiscal year ending March 2024, with a slight uptick in sales and operating income but a notable drop in net income, influenced by an extraordinary profit last year. The firm achieved sales of ¥99,684 million, marking a 5.9% increase, while operating income slightly rose by 1.4% to ¥3,924 million. However, net income suffered a significant 38.6% decrease to ¥2,773 million.
The highlight of the year was the video content business, which produces movies, dramas, and anime, experiencing a substantial growth in both sales and profits. Sales in this segment surged by 19.8% to ¥28,186 million, and operating income astonishingly increased by 137.4% to ¥1,276 million. This growth was primarily driven by the delivery of high-profile live-action movies and dramas, including notable titles such as “Godzilla 1.0,” and “Yu Yu Hakusho,” along with distribution collaborations with Netflix for “Zon 100: 100 Things You Want to Do Before You Become a Zombie.”
“Godzilla 1.0” particularly stood out, achieving global success and elevating the company’s reputation in visual technology, which is expected to attract future projects. The anime sector also showed robust performance, with strong demand for CG animation and TV series, further boosted by the successful adaptation of the light novel “Apothecary’s Hitorigoto.”
In a strategic expansion, Imagica Group has ventured into ‘Light Anime,’ a cost-effective production model developed in partnership with Dai Nippon Printing. This new venture aims to revolutionize the animation production process by significantly reducing costs and production time, using manga materials to create animation at one-tenth the usual cost. The first series under this model, “Marui Kanojo and Unfortunate Boyfriend,” is set to premiere in June, signaling the group’s adaptive strategies in an evolving media landscape.
