Marvelous Raises Earnings Expectations Due to Senran Kagura and Vanillaware
Marvelous AQL announced today increased midterm and annual earnings forecasts due to strong sales of recent releases on 3DS and PSP.
Back in May, the company said that it expected sales for the first six months of the year (April through September) to be 2,500 million yen, with a 160 million yen operating loss and a 185 million yen net loss. Today, the company said that it expects sales of 2,812 million yen, an operating gain of 30 million yen, and a net gain of 192 million.
As reason for the stronger-than-expected performance, the company cited strong sales of Senran Kagura on 3DS and Vanillaware's Grand Knights History on PSP. Outside of its digital contents business, the company said that some of its video content surrounding Pretty Cure and Yu-Gi-Oh performed well.
For the full year, Marvelous raised its sales forecasts from 7,000 million yen to 12,000 million, its operating income forecast from 230 million yen to 1,030 million yen, and its net income forecast from 180 million yen to 3,140 million yen.