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FromSoft’s parent company reports major growth despite serious losses from cyberattack, with Elden Ring DLC “powerfully driving” its whole game sector

Thick Thighs Save Lives

NeoGAF's Physical Games Advocate Extraordinaire
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Kadokawa Corporation, the parent company of Elden Ring developer FromSoftware, published their consolidated financial results for the first quarter of the fiscal year (April 1 to June 30, 2024). This is their first financial report following the large-scale cyberattack from June 8 that rendered some of the company’s services unusable and led to massive internal data leaks.

As reported by GameBiz, the aftermath of the security breach cost Kadokawa 2 billion yen (about $13 million) in extraordinary losses and a 10.1% decrease in net profit compared to last year. Despite this, the company saw a big increase in net sales (particularly in their video game sector) and an 84.6% growth in ordinary profit compared to the previous fiscal year.
Kadokawa’s game sector saw 7,764 million yen in sales, which is an 80.2% year-on-year increase, and ordinary profit grew by 108.1%. The report highlights the contributions of FromSoftware’s Elden Ring and its Shadow of the Erdtree DLC, which both performed strongly, “powerfully driving” the whole business sector. It might be worth noting that Shadow of the Erdtree launched on June 21, meaning that this financial report accounts for only 10 days of sales.
Similarly, Elden Ring’s publisher Bandai Namco recently reported their highest ever quarterly sales, which is also attributed in part to Shadow of the Erdtree.

As an aside, Kadokawa Corporation has also released a ranking of their best-selling IP’s, which was topped by Delicious in Dungeon.
 

Hudo

Member
From Software not only propping up Bamco's numbers but also Kadokawa's. That's based. But also a lot of pressure, I imagine.
 
Don't forget Dragon Ball Sparking! Zero (what a fucking idiot name) that is releasing in a few weeks. That game will sell gangbusters simply for the fact that emulates the Dragon Ball Budokai Tenkaichi formula. Bandai will see some major growth this whole year.
 

Magic Carpet

Gold Member
Don't forget Dragon Ball Sparking! Zero (what a fucking idiot name) that is releasing in a few weeks. That game will sell gangbusters simply for the fact that emulates the Dragon Ball Budokai Tenkaichi formula. Bandai will see some major growth this whole year.
Sounds like an Olympic Gymnastic floor routine, I'm just picturing Piccolo in a leotard with sparklers in each hand.
 

NanaMiku

Gold Member
Huh, good I guess. Their anime division release is pretty massive. So many titles from Kadokawa. My personal favorite for next year

 

SJRB

Gold Member
> make good game people want to play
> people buy game
> company is hugely successful
> make another good game people want to play
> people buy game
> company is even more successful

Western devs and publishers dazed and confused about how this happens.
 
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