Bushiroad lifts forecast as Palworld card game beats expectations
Bushiroad's quarterly sales hit a record 16.9 billion yen, while KLab cut its outlook and KADOKAWA posted lower profit in the November 12 results roundup.
Bushiroad raised its full-year operating profit forecast for the fiscal year ending June 2027 from 5.3 billion yen to 6.6 billion yen, citing a stronger-than-expected initial run for its Palworld trading card game, according to a roundup of the day's earnings reports published by gamebiz on November 12, 2026.
The company reported first-quarter sales of 16.9 billion yen, up 23% year on year and a record high, while operating profit fell 7% to 1.5 billion yen as launch costs for new content such as the Palworld card game came first.
KLab posted third-quarter sales up 72% year on year and an operating loss of 135 million yen, with new titles contributing to the revenue increase. The company cut its full-year forecast for the fiscal year ending December 2026, saying one of those new titles, Hirosaba, is performing below expectations and orders for its GPU AI cloud business are also below plan.
KADOKAWA reported second-quarter sales up 5% and operating profit down 25%, with its profit margin falling on the rebound from the previous year's contribution from ELDEN RING NIGHTREIGN. In the previous fiscal year, that title had boosted KADOKAWA's results.
Happinet, Avex and Square Enix
Happinet's interim results showed operating profit up 57.6% to 13.7 billion yen, driven by Pokemon cards, capsule toys and Gunpla, with games improving on exclusive distribution and original titles. Avex's interim operating profit rose 211% to 3.4 billion yen, helped by Snow Man-related works and the hit SAKAMOTO DAYS, while its anime and video segment posted interim sales up 48% to 14.4 billion yen.
Square Enix HD's rights business posted interim operating profit down 39.5% to 4.1 billion yen on the rebound from large royalty income the previous year, while its amusement business posted interim operating profit up 29% to 5.4 billion yen.
Quick answers
What is Bushiroad's new full-year operating profit forecast?
Bushiroad raised its forecast for the fiscal year ending June 2027 from 5.3 billion yen to 6.6 billion yen.
Why did KLab cut its full-year forecast?
KLab said its new title Hirosaba is performing below expectations and orders for its GPU AI cloud business are also below plan.
Why did KADOKAWA's operating profit fall?
KADOKAWA's second-quarter operating profit fell 25%, with the margin hit by the rebound from the previous year's contribution from ELDEN RING NIGHTREIGN.