Nippon Ichi Software, Inc.

On the Tokyo stock market on August 31, the Nikkei average fell, closing at 66,311.93 yen, down 93.63 yen from the previous day. Following the sell-off in the U.S. market last Friday due to concerns about early interest rate hikes, the domestic market also saw selling from the morning, with the decline temporarily exceeding 1,000 yen. Amid this, Nippon Ichi Software announced an upward revision to its full-year earnings forecast, citing contributions from 'Hono Kurashi no Niwa,' which was well received, and the stock was bought up to a temporary limit-up. GungHo announced a capital and business alliance with Sony Music Entertainment (SME), with SME expected to become the largest shareholder, attracting interest and leading to a continued rise. Akatsuki also continued to rise, as Tokai Tokyo Securities maintained its 'Outperform' rating and raised its target price from 3,820 yen to 5,460 yen. U-NEXT HD rebounded after its group company U-NEXT concluded a comprehensive and strategic partnership with NBCUniversal in Japan.

Nippon Ichi Software saw a sharp rebound, with shares briefly hitting the daily limit-up. The company announced a revision to its consolidated earnings forecast for the full year ending March 2027 on Friday, August 28, and the market appreciated the outlook that both sales and profits would exceed previous estimates, driven by the contribution of 'Hono Kurashi no Niwa'.

The Tokyo stock market rose for a third straight day on August 13, with the Nikkei Stock Average closing at 68,308.59, up 784.53 points from the previous trading day. In the game and entertainment sector, decliners outnumbered gainers among the 99 registered stocks, with 42 rising and 50 falling. Mobile game maker Akatsuki rebounded after swinging to an operating profit of 690 million yen in its first quarter results. Tokyo Tsushin Group surged after posting double-digit profit growth in all three segments in its second quarter results. Nippon Ichi Software rose for a fifth consecutive day on the announcement that its new title Village in the Shade will be released on October 27. Meanwhile, Cover fell after reporting a sharp profit decline in its first quarter results.

The Tokyo stock market rebounded in the morning session on August 4. The Nikkei Stock Average ended the morning at 63,957.53 yen, up 202.63 yen from the previous business day. In the gaming and entertainment sector, Nippon Ichi Software rebounded after announcing that cumulative domestic sales of its latest title Hono Kurashi no Niwa, released on July 30, have surpassed 100,000 units. Mandarake extended gains on strong monthly trends, and KLab was also bought. Meanwhile, IG Port fell back on profit-taking after a seven-day winning streak, despite announcing that its subsidiary had signed a partnership agreement with Fields for global merchandising expansion.

Nippon Ichi Software surged sharply. The company announced that its latest title, 'Hono Kurashi no Niwa,' released on July 30, has surpassed 100,000 units in cumulative domestic sales, which appears to be drawing market interest.

On the Tokyo stock market on July 31, Nippon Ichi Software rebounded even as 52% of 96 game and entertainment-related stocks declined, outpacing the 41% that rose. The strong performance of its new title 'Hono Kurashi no Niwa' on the Steam rankings was seen as a positive factor. Meanwhile, Konami Group fell for the first time in five days despite posting record first-quarter results, as its full-year forecast was left unchanged. Celsys also declined after a four-day winning streak, as its second-quarter earnings and upward revision to full-year guidance were seen as already priced in.