gumi Inc. (TSE: 3903), a Japanese mobile-game developer that has also expanded into Web3 and blockchain ventures, reported full-year results on June 12, 2026 for the fiscal year ended April 2026. Revenue rose 2.7% to ¥9,183 million, but operating profit collapsed 77.5% to just ¥83 million as the core game business stalled, lifting the operating margin to barely 0.9%.
Non-operating gains drive the gap between operating and ordinary profit
Ordinary profit, by contrast, rose 3.2% to ¥2,170 million — far above operating profit — reflecting large non-operating income tied to gumi's crypto-asset and token holdings, partly offset by an equity-method loss of ¥454 million. Net profit attributable to owners fell 29.5% to ¥1,454 million, giving EPS of ¥28.46, while total comprehensive income jumped 52.8% to ¥2,291 million.
Strong balance sheet, no FY2027 guidance
Total assets stood at ¥28,821 million against net assets of ¥22,134 million, for an equity ratio of 71.9% and book value per share of ¥384.47. The company pays no dividend and declined to issue FY2027 earnings guidance, citing the rapidly changing environment around its businesses, which makes reasonable forecasting difficult.
gumi's results illustrate the dual nature of its model: a maturing mobile-game portfolio generating thin operating profit, paired with volatile but currently positive contributions from its blockchain and token investments.
| Metric | FY4/2026 | FY4/2025 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 9,183 | 8,942 | +2.7% |
| Operating profit (¥ million) | 83 | 370 | −77.5% |
| Ordinary profit (¥ million) | 2,170 | 2,103 | +3.2% |
| Net profit (¥ million) | 1,454 | 2,063 | −29.5% |
| EPS (¥) | 28.46 | 43.50 | −34.6% |
| Equity ratio | 71.9% | 69.9% | — |
| BPS (¥) | 384.47 | 337.45 | — |
| FY2027 guidance | Not disclosed | — | — |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.