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Marvelous revises FY3/21 forecast due to Sakuna (indie hit) exceeding sales & favorable Story of Seasons: Pioneers of Olive Town pre-orders

ggx2ac

ggx2ac

Sales Heaven or Sales Hell?
Member
Oct 25, 2017
3,504
Link: https://corp.marv.jp/img/210129_gyoseki.pdf

Marvelous announced this during their earnings release for the third quarter of the fiscal year ending March 2021.

There is no English release yet for the details of the revision:
Screenshot_20210129-1744502.png


Forecast revision for FY3/21:
Sales: ¥24,000M (originally forecasted from ¥21,000M to ¥23,400M due to complications from COVID-19)
Operating Income: ¥3,600M (originally forecasted from ¥2,450M-¥3,000M due to complications from COVID-19)
Net Income: ¥2,450M (originally forecasted from ¥1,800M to ¥2,100M due to complications from COVID-19)

Comparison to earnings from FY3/20:
Sales: ¥25,365M
Operating Income: ¥2,449M
Net Income: ¥1,797M

Reason for the forecast revision:
(Translated using DeepL)
Note: I edited the translation so it's clear that Marvelous is referring to Story of Seasons: Pioneers of Olive Town.
(2) Reasons for the Revision of the Earnings Forecast

The new game software "Amano no Sakuna Hime", which was released in the third quarter of the current fiscal year, has recorded sales far exceeding the plan. In the fourth quarter, we are preparing to release a completely new version of "Story of Seasons", which is our main IP, and the reservation situation has been very favorable, so we expect it to contribute to the business results for the current fiscal year. In the online game business, existing titles are also performing well. On the other hand, the amusement business and the stage performance business have been greatly affected by the voluntary restraint of people from going out due to the spread of the new coronavirus infection, and are still in a severe business environment with no clear future amid the declaration of a state of emergency. Although there is no prospect of the new coronavirus infection being resolved in the future, we will conduct aggressive promotional activities to cover the negative factors by increasing sales in the strong categories. For the above reasons, we have revised the previously announced full-year forecasts.
(Note) The forecast figures for the fiscal year ending March 31, 2013 have been prepared based on information available as of the date of announcement and certain assumptions judged to be reasonable, and actual results may differ from the forecast figures due to various factors.
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Sakuna: Of Rice and Ruin has reached 850k units shipped as of January 29, 2021.

Also, some No More Heroes 1 & 2 information from the earnings release:
No More Heroes" released in 2007, and "No More Heroes 2: Desperate Struggle" released in 2010.
No More Heroes" and "No More Heroes 2: Desperate Struggle", both of which were released in 2007 and 2010, respectively, were released for download on Nintendo Switch on October 28, and recorded strong sales in North America and Europe.
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Lelouch0612

Lelouch0612

Member
Oct 25, 2017
21,200
Marvelous is going to eat this year on Switch. They have a very solid release schedule (Story of Seasons and Rune Factory notably).
 
Toño

Toño

One Winged Slayer
Member
Oct 26, 2017
2,041
Spain
Do they will reprint Sakuna? I missed the launch month and it's sold out in Europe since that date.
 
OP
OP
ggx2ac

ggx2ac

Sales Heaven or Sales Hell?
Member
Oct 25, 2017
3,504
A reminder that the overseas release of Story of Seasons: Pioneers of Olive Town releases on the same day as Monster Hunter Rise... And Balan Wonderworld.

Edit:
Correction, the European release is on March 26th. The US release is on March 23rd.
 
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cw_sasuke

cw_sasuke

Member
Oct 27, 2017
26,401
NMH already doing well, probably gonna get another push once we have a NMH3 launch date and the marketing ramps up for that.
Either way MMV gonna eat this upcoming FY on Switch.
 
fiendcode

fiendcode

Member
Oct 26, 2017
24,926
Nice to see the pivot in platform strategy paying off. Who knew following, rather than fighting, the marketplace could work so well.
 
Dekuman

Dekuman

Member
Oct 27, 2017
19,026
If i'm converting this right, they revised their sales up to around 240 million USD and is revising profit forecast to 34 million USD
 
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