Akatsuki business profile: mobile games, comics, and fan platforms
Akatsuki's earnings show how a mobile-game-centric company can diversify into comics, fan apps, and lifestyle services while staying dependent on a single segment.
Published: 2026-08-19. Updated: 2026-08-19.
Short answer: Akatsuki Inc. is a Japanese entertainment company listed on the Tokyo Stock Exchange Prime market under code 3932. Founded in June 2010 and headquartered in Shinagawa, Tokyo, it is led by representative director and president Tetsuro Koda. For the fiscal year ended March 2026, consolidated revenue was JPY 25,856 million, operating income was JPY 7,444 million, ordinary income was JPY 7,618 million, and net income attributable to owners of the parent was JPY 5,652 million. Its largest segment, GameComic, generated 85.6% of external sales.
Company overview and listing
Akatsuki went public on the Tokyo Stock Exchange Mothers market in March 2016 and later moved to the Prime market. The company was founded in June 2010 and its headquarters are in Shinagawa, Tokyo. Its representative director and president is Tetsuro Koda.
Akatsuki's core business has historically been mobile game planning, development, and operation. In recent years it has expanded into vertical full-color comics, online lottery systems, fan-app platforms, sweets shops, and AI and digital-transformation services through acquisitions.
Fiscal 2026 revenue and profit
For the fiscal year ended March 2026, Akatsuki reported consolidated revenue of JPY 25,856 million, up 9.3% year over year. Operating income rose 90.1% to JPY 7,444 million, ordinary income rose 79.9% to JPY 7,618 million, and net income attributable to owners of the parent turned positive at JPY 5,652 million, compared with a net loss of JPY 1,646 million in the prior year.
The company said operating margin improved because of tighter control of sales, general, and administrative expenses, even though gross margin declined. The year also included special gains from the sale of investment securities.
Akatsuki consolidated full-year results, fiscal years ended March 2026 and March 2025. Source: FY2026 earnings release.| Metric (JPY million) | FY2026 | FY2025 |
|---|
| Revenue | 25,856 | 23,652 |
| Operating income | 7,444 | 3,915 |
| Ordinary income | 7,618 | 4,233 |
| Net income attributable to owners | 5,652 | 1,646 |
Segments: GameComic dominates
Akatsuki reports three segments. GameComic, which includes mobile game planning, development, operation, and vertical full-color comics, generated external sales of JPY 22,134 million and segment profit of JPY 7,972 million. That is 85.6% of external sales and the bulk of segment profit.
Entertainment and Lifestyle, covering online lottery systems, fan-app platforms, and sweets shops, recorded external sales of JPY 2,560 million and segment profit of JPY 474 million. AI and DX Solutions, newly consolidated during the year, contributed JPY 1,143 million in external sales but posted a segment loss of JPY 241 million as it remains in investment mode.
Akatsuki segment results for the fiscal year ended March 2026. Source: FY2026 earnings release and J-LiC segment data.| Segment | External sales (JPY million) | Segment profit/loss (JPY million) |
|---|
| GameComic | 22,134 | 7,972 |
| Entertainment and Lifestyle | 2,560 | 474 |
| AI and DX Solutions | 1,143 | -241 |
| Other | 18 | -64 |
Segment-definition note: GameComic includes both mobile games and vertical full-color comics. Entertainment and Lifestyle includes online lottery, fan-app platforms, and sweets-shop brands. AI and DX Solutions was newly consolidated in fiscal 2026.
Ownership and capital structure
Akatsuki is a widely held public company. J-LiC's company page lists its fiscal year end as March and its governance form as a company with an audit and supervisory committee. The company had total assets of JPY 62,325 million and net assets of JPY 45,376 million at the end of March 2026.
The company raised its dividend benchmark to a consolidated dividend on equity of 4% starting in fiscal 2025, and it announced a planned 3-for-1 stock split effective October 2026 to improve share liquidity.
Strategy and what to watch
Akatsuki's strategy is to reduce dependence on a small number of mobile game titles by building entertainment and lifestyle services around fan communities. The GameComic segment still carries the company, but the newly consolidated AI and DX Solutions segment shows where management sees future growth.
The risk is concentration. GameComic's high margin makes Akatsuki profitable, but a weak title cycle or rising user-acquisition costs would flow directly into group results because the segment is so large relative to the rest of the company.
Frequently asked questions
Is Akatsuki a public company?
Yes. Akatsuki Inc. is listed on the Tokyo Stock Exchange Prime market under code 3932.
How much revenue does Akatsuki make?
For the fiscal year ended March 2026, Akatsuki reported consolidated revenue of JPY 25,856 million and net income attributable to owners of the parent of JPY 5,652 million.
What is Akatsuki's main business?
Its largest segment is GameComic, which covers mobile game planning, development, and operation, plus vertical full-color comics. This segment supplied 85.6% of external sales in fiscal 2026.
Does Akatsuki make anime?
Akatsuki does not primarily produce anime. It develops mobile games and related IP, and its business touches anime through game tie-ins, fan platforms, and licensed merchandise rather than animation production.
Sources and methodology
- 2026 Fiscal Year Earnings Release, Akatsuki Inc.. Official consolidated results for the fiscal year ended March 2026, including revenue, operating income, and segment data.
- Akatsuki Inc. (3932) company information, J-LiC Listed Company Search. Listing history, headquarters, president, fiscal year end, and latest financial figures.
- Akatsuki Inc. segment information, J-LiC Listed Company Search. Reportable segment definitions and fiscal 2026 segment sales and profit.
- Investor Relations FAQ, Akatsuki Inc.. Confirms fiscal year ends March 31, security code 3932, and listing on the TSE Prime market.