Video game developer FromSoftware, a subsidiary of Kadokawa, has revealed its financial performance for the fiscal year ending March 31, 2023. The figures, published in the Japanese government’s official gazette, showcase an impressive display of growth and profitability in the gaming industry.
According to the recently released data, FromSoftware recorded total sales of US$152 Million during the fiscal year. This figure, based on the current exchange rate, reflects the global demand for their great lineup of games.
A significant contributor to these numbers is the critically acclaimed RPG hit, Elden Ring, developed by FromSoftware and published by Bandai Namco. It has significantly contributed to the company’s overall revenue.
Beyond the robust sales figures, the operating profit for FromSoftware stands at a noteworthy US$91 Million. This translates to an operating profit margin of approximately 60%, a plausible achievement by industry standards.
Elden Ring’s success is crucial for grasping FromSoftware’s financial results. As of March 2023, Elden Ring has sold a staggering 20.5 Million units globally. This achievement not only solidifies Elden Ring’s place among the best-selling video games in recent memory but also cements it as one of the most successful RPGs ever created.
It is important to consider that FromSoftware’s connection to Kadokawa could potentially have influenced their financial performance. The intricate details of this financial engineering and the extent of any possible distortion remain a subject of scrutiny.
FromSoftware’s fiscal year 2023, financial report represents the company’s 37th consecutive annual disclosure of their financial status. However, FromSoftware has not yet shared the most recent sales figures for Elden Ring.
An upcoming DLC for Elden Ring is also in the works, which will further enhance its popularity and potentially attract more sales. This suggests that FromSoftware is currently performing strongly and is poised to continue this trend, especially with the upcoming release of Armored Core VI and the Elden Ring DLC.
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Source: Dr. Serkan Toto