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Bank of Innovation Stock 4393.T

Bank of Innovation, Inc. · EDINET filings · Reporting currency JPY · Half-year reporting · Figures as of H1 FY2026 (Oct 2025 to Mar 2026) · updated 2026-10-28 · ISIN JP3778460000

Bank of Innovation develops and publishes mobile games for iOS and Android, generating revenue primarily through in-app purchases within its titles. Bank of Innovation stock (4393.T): Half-year and annual results since 2023 from Half-Year Report and EDINET filings: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 05/2026, half-year reporting. Stock analysis by NadirAlpha. Bank of Innovation stock (4393.T): listed on JPX. NadirAlpha has evaluated 10 original documents, cross-checked every figure automatically and linked each to its source; sources as of 05/2026. Revenue H1 FY2026 (Oct 2025 to Mar 2026): JPY 6.2 billion (-6% year on year). Latest reading: Revenue decelerating, Acquisition.

Revenue decelerating strategy: Acquisition

NadirAlpha editorial team · About us · Methodology

The new quarter, monitored by AI. · NadirAlpha follows every stock through its original filings: the latest figures against their history, guidance against actuals; neutral, continuously updated, every figure clickable with its source.
AI-generated report · not investment advice · figures extracted automatically; please verify against the linked original more
AI-generatedCreated with AI assistance from the company's linked original filings (transparency per Art. 50 EU AI Act). More about the tool: Claude Code.
Not investment adviceNeutral financial information, no recommendation, no investment research within the meaning of MiFID II.
Verify yourselfFigures are extracted automatically, errors are possible. Every figure is clickable with its source; the issuer's original documents are always authoritative.
EditorialThe texts (business model, current status, development and others) are written AI-editorially from the original reports alone, cross-checked automatically and backed with sources; the company's own account, no assessment of our own. Methodology
AI research · This page works as a source-backed data basis for further research with AI assistants such as Claude; every figure remains verifiable via the source links.

Bank of Innovation Current Status

Where Bank of Innovation stands after the report for H1 FY2026: what changed in revenue, earnings and outlook, written editorially from the original report. NadirAlpha methodology

Assessment by NadirAlpha, as of H1 FY2026 (Oct 2025 to Mar 2026).

Bank of Innovation reported a year-on-year revenue decline of 6.2% in 2026-H1, attributing the outcome to aging effects in its game portfolio, while net income advanced 74.0% to 827 million yen as advertising expenditure fell 10. Cash and equivalents at period-end were 5,614 million yen. Bank of Innovation announced a planned absorption merger with wholly-owned subsidiary Koiniwa, scheduled to take effect on July 1, 2026 10.
Revenue · 2026-H16,172¥ million−6.3 % vs. 2025-H1
Net profit · 2026-H1827¥ million+74.1 % vs. 2025-H1
EPS · 2026-H1205.39¥+74.1 % vs. 2025-H1
Revenue trend
Profitability
Operating income rose 13.4% year-on-year in 2026-H1, with a reduction in advertising and promotion expenses cited as the primary driver 10. Net income for the period reached 827 million yen, a 74.0% year-on-year increase, reflecting the operating income improvement 10. Total assets at period-end grew by 369 million yen to 8,312 million yen, and net assets rose by 827 million yen to 6,644 million yen 10.
Leverage
Cash and equivalents at the equivalent point one year earlier (2025-H1) were 3,907 million yen, below the period-end level reported for 2026-H1. At the close of FY2025, Bank of Innovation held a net cash position of 5,186 million yen.
Management view
Bank of Innovation announced a plan to absorb its wholly-owned subsidiary Koiniwa through a merger effective July 1, 2026, aiming to simplify the group's corporate structure 10. Research and development expenditures of 836 million yen were recorded in 2026-H1, reflecting continued investment in game development activities 10.
Change
Aging effects in Bank of Innovation's game portfolio contributed to lower revenues in 2026-H1, with the company identifying this as the primary factor behind the year-on-year decline 10. Both the Koiniwa and Bank of Incubation subsidiaries reported pre-tax losses during the period 9. A tax valuation allowance of 525 million yen was recorded in relation to these subsidiary losses 9.
Risks (current)
Revenue concentration presents a structural risk, with Memento Mori accounting for 94.5% of revenue and Apple Inc. and Google LLC together representing 85.1% of revenue, limiting diversification across titles and distribution channels 9. Sega has filed patent infringement claims against Bank of Innovation for approximately 1 billion yen in respect of the titles Memento Mori and Genjuu Keiyaku Cryptract 8 9. External risks include inflationary pressures, US trade policy uncertainty, and Middle East geopolitical tensions, each of which could weigh on consumer spending and the broader operating environment 10.
New this reporting period
Bank of Innovation announced a planned absorption merger with its wholly-owned subsidiary Koiniwa, the operator of the dating simulation app Koniwa, with an effective date of July 1, 2026 10.

Bank of Innovation Stock: Key Figures (¥ million)

NadirAlpha shows fiscal years, half-years and quarters of Bank of Innovation one below the other, most recently H1 FY2026; every figure is clickable and leads to raw value, location and source. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Revenue (¥ million) · annual basis, as reported
Net income (¥ million) · annual basis, as reported
Operating cash flow (¥ million) · annual basis, as reported
Revenue (¥ million) · half-year basis, as reported
Net income (¥ million) · half-year basis, as reported
EPS (¥) · half-year basis, as reported
Operating cash flow (¥ million) · half-year basis, as reported
Revenue (¥ million) · quarterly basis, as reported
Net income (¥ million) · quarterly basis, as reported
EPS (¥) · quarterly basis, as reported
Cash (¥ million) · annual basis, as reported
Debt (¥ million) · annual basis, as reported
Net Debt (¥ million) · annual basis, as reported
Capex (¥ million) · annual basis, as reported
FCF (¥ million) · annual basis, as reported
D&A (¥ million) · annual basis, as reported
Cash (¥ million) · half-year basis, as reported
Debt (¥ million) · half-year basis, as reported
Net Debt (¥ million) · half-year basis, as reported
Capex (¥ million) · half-year basis, as reported
FCF (¥ million) · half-year basis, as reported
D&A (¥ million) · half-year basis, as reported
Cash (¥ million) · quarterly basis, as reported
Debt (¥ million) · quarterly basis, as reported
Net Debt (¥ million) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2022 is on record.

Fiscal years

Amounts in ¥ million · EPS in ¥ per share · as reported
Bank of Innovation stock: key figures on annual basis, FY2023 to FY2025, in ¥ million. Compiled by NadirAlpha from EDINET filings.
PeriodCalendar quarterRevenueOp. incomeNet incomeEPS (¥)OCFSource
FY2025Q4/2024–Q3/202512,3662,1541,351–2,8679
FY2024Q4/2023–Q3/202413,6151,329895–-1,7167
FY2023Q4/2022–Q3/202321,3334,900~3,293817.855,2124

Half-years

Amounts in ¥ million · EPS in ¥ per share · as reported
Bank of Innovation stock: key figures on half-year basis, 2023-H1 to 2026-H1, in ¥ million. Compiled by NadirAlpha from EDINET filings.
PeriodCalendar quarterPublishedRevenueOp. incomeNet incomeEPS (¥)FCFCashNet DebtSource
2026-H1*Q4/2025–Q1/20262026-05-156,1721,152827205.39*≈500~5,614–10
2025-H2*Q2–Q3/20252025-12-255,7821,138876217.56*≈1,4525,212~-5,186~9
2025-H1*Q4/2024–Q1/20252025-05-136,5841,016475117.97*≈1,380~3,907–8
2024-H2*Q2–Q3/20242024-12-255,803927618.88*≈-8562,409~-2,209~7
2024-H1*Q4/2023–Q1/20242024-05-147,8121,237819203.41*≈-8843,827-3,4816
2023-H2*Q2–Q3/20232023-12-257,42250825262.59*≈2,2585,017~-4,462~4
2023-H1*Q4/2022–Q1/20232023-05-1213,9114,3923,041753.612,905~3,157-2,3932

Quarters

Amounts in ¥ million · EPS in ¥ per share · as reported
Bank of Innovation stock: key figures on quarterly basis, 2023-Q1 to 2024-Q2, in ¥ million. Compiled by NadirAlpha from EDINET filings.
PeriodCalendar quarterPublishedRevenueOp. incomeNet incomeEPS (¥)CashNet DebtSource
2024-Q2*Q1/20242024-05-143,635655435108.04*≈3,827-3,4816
2024-Q1*Q4/20232024-02-134,17758238495.37*≈––5
2023-Q4*Q3/20232023-12-253,41913000.00*≈5,017~-4,462~4
2023-Q3*Q2/20232023-08-094,00337825262.45*≈––3
2023-Q2*Q1/20232023-05-125,5431,5591,094271.11*≈3,157-2,3932
2023-Q1Q4/20222023-02-138,3682,8331,947482.62––1
Japan abolished mandatory quarterly reports in 2024. Quarters appear as reported; half-year and annual balance-sheet dates fill the Q2 and Q4 columns. The continuous series is shown in the half-year table.
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: Op. income (adj.), EBITDA (adj.), EPS adj., FCF (not reported in any source for these periods).

Bank of Innovation Balance Sheet & Cash Flow (¥ million)

Balance sheet and cash flow of Bank of Innovation up to H1 FY2026 in ¥ million: net debt = financial debt minus cash, free cash flow = operating cash flow minus capex, every input sourced. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology

Fiscal years

Amounts in ¥ million · as reported
Bank of Innovation stock: balance sheet and cash flow on annual basis, FY2023 to FY2025, in ¥ million. Compiled by NadirAlpha from EDINET filings.
PeriodCalendar quarterPublishedCashDebtNet DebtD&AOCFCapexFCFSource
FY2025Q4/2024–Q3/20252025-12-255,212~26-5,186~142,867352,8329
FY2024Q4/2023–Q3/20242024-12-252,409~200-2,209~17-1,71624-1,7407
FY2023Q4/2022–Q3/20232023-12-255,017~555-4,462~65,212495,1634

Half-years

Amounts in ¥ million · as reported
Bank of Innovation stock: balance sheet and cash flow on half-year basis, 2023-H1 to 2026-H1, in ¥ million. Compiled by NadirAlpha from EDINET filings.
PeriodCalendar quarterPublishedCashDebtNet DebtD&AOCFCapexFCFSource
2026-H1Q4/2025–Q1/20262026-05-155,614––952020~500~10
2025-H2Q2–Q3/20252025-12-255,212~26-5,186~81,487351,4529
2025-H1Q4/2024–Q1/20252025-05-133,907––61,3800~1,380~8
2024-H2Q2–Q3/20242024-12-252,409~200-2,209~9-84214-8567
2024-H1Q4/2023–Q1/20242024-05-143,827346-3,4818-87410-8846
2023-H2Q2–Q3/20232023-12-255,017~555-4,462~42,303452,2584
2023-H1Q4/2022–Q1/20232023-05-123,157764-2,39322,9094~2,905~2

Quarters

Amounts in ¥ million · as reported
Bank of Innovation stock: balance sheet and cash flow on quarterly basis, 2023-Q1 to 2026-Q2, in ¥ million. Compiled by NadirAlpha from EDINET filings.
PeriodCalendar quarterPublishedCashDebtNet DebtSource
2026-Q2Q1/20262026-05-155,614––10
2025-Q4Q3/20252025-12-255,21226-5,1869
2025-Q2Q1/20252025-05-133,907––8
2024-Q4Q3/20242024-12-252,409200-2,2097
2024-Q2Q1/20242024-05-143,827346-3,4816
2024-Q1Q4/20232024-02-13–449–5
2023-Q4Q3/20232023-12-255,017~555-4,462~4
2023-Q3Q2/20232023-08-09–657–3
2023-Q2Q1/20232023-05-123,157764-2,3932
2023-Q1Q4/20222023-02-13–874–1
Japan abolished mandatory quarterly reports in 2024. Quarters appear as reported; half-year and annual balance-sheet dates fill the Q2 and Q4 columns. The continuous series is shown in the half-year table.
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.

Bank of Innovation Stock: Price & Chart

Price history of Bank of Innovation stock (4393.T) as a TradingView chart, loaded only after a click, alongside the trend of the key figures from the tables. NadirAlpha methodology

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Bank of Innovation Event Timeline

NadirAlpha sorts 36 events of Bank of Innovation by quarter, most recent first, each with source number and event type, management quotes as direct quotes at the start of the quarter. NadirAlpha methodology

Overview: one dot per event · click jumps to the period
earningsrevenuemarginstrategyfinancials2023-Q12023-Q22023-Q32023-H12023-H22024-Q12024-Q22024-H12024-H2FY20242025-Q12025-H12025-H2FY20252026-Q12026-H1
2026 · 6 events

earnings 2026-05-15
Net profit rose 74.0% to 827 million yen 10
Revenue decelerating 2026-05-15
Revenue declined 6.2% year-on-year 10
Acquisition 2026-05-15
Absorption merger with wholly-owned subsidiary Koiniwa planned for 1 July 2026 10

Free cash flow turned positive ◦ 2025-12-25
OCF turned from a prior-year deficit of 1,716M JPY to 2,867 million yen; FCF reached 2,832 million yen 9
Revenue decelerating ◦ 2025-12-25
FY revenue fell 9.2% to 12,366 million yen, reflecting the aging impact of Memento Mori, which accounted for 94.5% of total sales 9
Margin expanding 2025-12-25
Operating income rose 62.0% to 2,154 million yen on a large reduction in advertising expenses 9
2025 · 7 events

Free cash flow turned positive 2025-12-25
Free cash flow turned positive for the first time after 1 negative fiscal year (-1740.0 to +JPY 2832.0 million). 9

Operating income doubled 2025-12-25
Operating income more than doubled YoY (92.0 to JPY 1,138.0 million, +1137%). 9
Net income doubled 2025-12-25
Net income more than doubled YoY (76.0 to JPY 876.0 million, +1053%). 9

Revenue decelerating 2025-05-13
H1 revenue declined 15.7% to 6,584M JPY and operating income fell 17.8% to 1,016M JPY 8
Operating cash flow turned positive 2025-05-13
Operating cash flow turned positive on a half-year basis (2024-H2: -842.0 to 2025-H1: +JPY 1,380.0 million, aggregated from reported quarters where needed). 8

Free cash flow turned negative ◦ 2024-12-25
Free cash flow turned negative at 1,740 million yen as operating cash flow swung to an outflow of 1,716 million yen from a prior-year inflow of 5,212 million yen 7
Revenue decelerating ◦ 2024-12-25
Full-year revenue 13,615 million yen, down 36.2% year-on-year; Memento Mori contributed as main title throughout but remained below its first-year launch-period base 7
2024 · 12 events

Net income halved 2024-12-25
Net income more than halved YoY (3,293.0 to JPY 895.0 million, -73%). 7

Operating income halved 2024-12-25
Operating income more than halved YoY (508.0 to JPY 92.0 million, -82%). 7
Net income halved 2024-12-25
Net income more than halved YoY (252.0 to JPY 76.0 million, -70%). 7

Operating income halved 2024-05-14
Operating income more than halved YoY (4,392.0 to JPY 1,237.0 million, -72%). 6
Net income halved 2024-05-14
Net income more than halved YoY (3,041.0 to JPY 819.0 million, -73%). 6
Revenue decelerating 2024-05-14
Revenue growth decelerated to -43.8% YoY (prior period +478.5%). 6

Strategic pivot 2024-05-14
Bank of Innovation began stabilizing Memento Mori revenue and advancing development of multiple new apps to reduce single-title dependence 6

Revenue decelerating ◦ 2024-02-13
Q1 revenue 4,177 million yen, down 50.1% year-on-year against the Memento Mori launch-year base; a first-anniversary campaign drove a 22.2% sequential recovery 5
Margin compressing 2024-02-13
Operating income 582 million yen, down 79.4% year-on-year, declining faster than revenue 5
Operating income turned positive ◦ 2023-12-25
Full-year operating income turned from a loss of 1,008 million yen to 4,900 million yen 4
Free cash flow turned positive ◦ 2023-12-25
Operating cash flow improved from an outflow of 974 million yen to 5,212 million yen, with free cash flow reaching 5,163 million yen 4
Revenue accelerating ◦ 2023-12-25
Full-year revenue reached 21,333 million yen, up 778.3% versus the prior year, with Memento Mori contributing 92 to 97% of total sales 4
2023 · 11 events

Revenue decelerating 2023-12-25
Revenue growth decelerated to +478.5% YoY (prior period +1114.9%). 4

Operating income turned positive 2023-05-12
Operating income turned positive for the first time after 2 negative periods (-614.0 to +JPY 4392.0 million). 2
Net income turned positive 2023-05-12
Net income turned positive for the first time after 2 negative periods (-570.0 to +JPY 3041.0 million). 2
EBITDA turned positive 2023-05-12
EBITDA turned positive for the first time after 2 negative periods (-612.0 to +JPY 4394.0 million). 2
Net debt to net cash 2023-05-12
Net debt position flipped (+33.0 to -JPY 2,393.0 million vs 2022-H2). 2
Operating cash flow turned positive 2023-05-12
Operating cash flow turned positive on a half-year basis (2022-H2: -584.0 to 2023-H1: +JPY 2,909.0 million, aggregated from reported quarters where needed). 2

Revenue accelerating ◦ 2023-08-09
Memento Mori half-anniversary and Koiniwa second-anniversary campaigns performed well, driving a large year-on-year increase in group revenue and profit 3

Revenue accelerating ◦ 2023-05-12
H1 cumulative revenue reached 13,911 million yen, up 1,114.26% year-on-year, with Memento Mori as the primary contributor 2

Operating income turned positive ◦ 2023-02-13
Q1 operating income turned from a loss of 261 million yen in the prior-year period to 2,833 million yen 1
Net income turned positive ◦ 2023-02-13
Q1 net income attributable to parent shareholders turned from a loss of 179 million yen to 1,947 million yen 1
New market 2023-02-13
Memento Mori, a new large-scale RPG released on 2022-10-18, performed strongly and became the primary driver of group revenue in Q1 1

Bank of Innovation Business Model

What Bank of Innovation does and how the company earns its money, written AI-editorially from the original reports alone, without any assessment of our own. NadirAlpha methodology

Bank of Innovation develops and publishes mobile games for iOS and Android, generating revenue primarily through in-app purchases within its titles. Revenue is concentrated in a single game, Memento Mori, a card-based RPG that accounted for 94.5% of revenue in the most recently reported annual period 9. Distribution is conducted through Apple's App Store and Google Play, which together represented 85.1% of revenue, creating a structurally high dependency on two platform operators 9. The group also operates subsidiaries including Koiniwa, which runs a dating simulation application, and Bank of Incubation, an internal venture unit focused on new business development.

Bank of Innovation Stock: Share-Price Drivers

Factors Bank of Innovation itself names as material for its business development, reproduced neutrally, without price forecast and without assessment of our own. NadirAlpha methodology

Expansion of Bank of Innovation's smartphone app business, led by the Memento Mori RPG
Bank of Innovation's smartphone app business is its dominant revenue source and reported revenue growth of 36.2% in FY2024, so the traction of its flagship titles drives earnings and the cash position (7).
Memento Mori large-scale RPG
Bank of Innovation launched Memento Mori in 2022-10 and the title remains active and central to the smartphone app business, which grew 36.2% in FY2024 (7, 9).
Smartphone app business segment revenue
Bank of Innovation reported smartphone app business revenue growth of 36.2% in FY2024, though the latest growth flag points to a decelerating pace (7).
Cryptract catalogue title
Bank of Innovation has operated Cryptract since 2015-02 as a long-running, still-active app, broadly steady alongside newer titles (9).
Portfolio consolidation around Koiniwa
Bank of Innovation has a planned absorption merger of Koiniwa effective 2026-07-01, reorganising the title portfolio with an as-yet-undetermined earnings effect (10).
Cash generation and balance-sheet strength
Bank of Innovation's cash rose from JPY 2,409 million to JPY 5,614 million, and the company held a net cash position of JPY 5,186 million at FY2025.

Sector trend: In mobile gaming, Bank of Innovation's app revenue demand is heading higher, with FY2024 smartphone app business growth of 36.2%, while the latest change flags indicate that the pace of growth is decelerating (7). Profitability direction is positive and the company's cash position continues to build.

Bank of Innovation Revenue by Type (as of 2026-H1 · JPY million · 0/1)

The segments of Bank of Innovation in the company's own definition, each row with its basis (3, 6 or 12 months), rows in grey are no longer reported separately. NadirAlpha methodology

Bank of Innovation: revenue by segment, as of 2026-H1, in JPY million. Compiled by NadirAlpha from EDINET filings.
SegmentSinceRevenueGrowthSource
Period FY2024 (12M)
Smartphone App BusinessFY202413,61536.2%7

Bank of Innovation Transactions & Events (5)

Transactions of Bank of Innovation since 2023: acquisitions, disposals, agreements and regulation, deliberately including smaller items; purchase prices only when the company names them. NadirAlpha methodology

Acquisitions · 3older: 2 (in the table)
202420252026

Acquisitions by Bank of Innovation

Bank of Innovation: Acquisitions, 5 entries. Compiled by NadirAlpha from EDINET filings.
Transaction / stakeDateTypeSource
2026
Absorption Merger of Koiniwa2026-07Completed10
2024
Treasury Stock Acquisition2024-04Completed6
2023
Bank of Incubation Co., Ltd.2023-11Completed3
2022
Establishment of Bank of Incubation Co., Ltd.2022-11Completed2
Trade Name Change of Bank of Incubation Co., Ltd.2022-10Completed2

Bank of Innovation Risks (22 since the annual report of 2025-12-25, 55 tracked in total)

Risk factors Bank of Innovation itself names in its reports, merged by topic across periods, with category, first mention and source; new risks of the latest period come first. NadirAlpha methodology

Category: LegalGeopoliticsMacroFinancialPeopleRegulatoryCompetitiongeschaeftsmodellCustomersMarketTechnology

Bank of Innovation: risk factors as reported, 22 since the last annual report, 55 tracked. Compiled by NadirAlpha from EDINET filings.
RiskCategoryLast reported
Bank of Innovation: first mention in Half-year report (EDINET) of 2026-05-15 (2026-H1), source 10
セガより5件の特許権侵害を理由に損害賠償請求訴訟=
中東情勢の緊迫化が景気を下押しする可能性=
物価上昇と米国通商政策の下押しリスク=
Bank of Innovation: first mention in Annual report (EDINET) of 2025-12-25 (FY2025), source 9
売掛金の84.9%が特定の大口決済代行事業者に集中=
Revenue concentration with Apple Inc. (6,184 million yen) and Google LLC (4,341 million yen); two platform operators exceeded 10% of revenue.=
代表取締役社長への属人性依存リスク=
第三者の知的財産権侵害訴訟リスク=
広告宣伝費の単価上昇による経営成績への影響=
開発・運営コストの高騰による利益圧迫=
大規模投資時に必要な資金調達ができないリスク=
大地震等の自然災害によるシステムダウンリスク=
優秀な人材の確保と育成が困難となるリスク=
ゲームコンテンツの健全性維持にかかるシステム対応コストの増加=
景品表示法や資金決済法の変更による事業制約のリスク=
競合他社との競争激化により自社の差別化が損なわれるリスク=
Bank of Innovation: first mention in Half-year report (EDINET) of 2025-05-13 (2025-H1), source 8
株式会社セガから特許権侵害で訴訟提起（Memento MoriおよびPhantom of the Kill: Alternative Imitation）、請求額10億円。=
Bank of Innovation: first mention in Annual report (EDINET) of 2024-12-25 (FY2024), source 7
Both Koiniwwa and Bank of Incubation subsidiaries reported pre-tax losses; 525 million yen tax valuation allowance.FY2025
2025-12-25 9
Memento Moriへの売上集中94.5％FY2025
2025-12-25 9
株式会社セガによる特許権侵害訴訟、請求額10億円（Memento Mori等2ゲーム）FY2025
2025-12-25 9
Bank of Innovation: first mention in Annual report (EDINET) of 2023-12-25 (FY2023), source 4
Apple Inc.とGoogle LLCへの高い収益依存（合計85.1％）FY2025
2025-12-25 9
スマートフォンゲーム市場の競争激化と海外メーカーの参入によるリスクFY2025
2025-12-25 9
通信ネットワーク断絶やコンピュータシステムダウンによるサービス提供支障FY2025
2025-12-25 9
= last mention identical with the first mention (same source)

Bank of Innovation Development

A condensed summary of Bank of Innovation per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. NadirAlpha methodology

FY2026: Bank of Innovation

In the first half of fiscal year 2026, Bank of Innovation reported a 6.2% year-on-year revenue decline 10. Operating profit grew 13.4%, aided by lower advertising expenses, while net profit rose 74.0% to 827 million yen 10. Bank of Innovation held cash of 5,614 million yen as of the second quarter. Bank of Innovation also announced a planned absorption merger with wholly-owned subsidiary Koiniwa, scheduled for July 1, 2026 10.

FY2025: Bank of Innovation

Bank of Innovation reported FY2025 revenue of 12,366 million yen, down 9.2% year on year, as sales of flagship mobile RPG Memento Mori declined due to aging of the title, which represented 94.5% of total revenue 9. Operating income reached 2,154 million yen, up 62.0% year on year, driven by a substantial reduction in advertising expenses 9. Net income attributable to parent company shareholders was 1,351 million yen, up 50.9% year on year 9. Operating cash flow turned from a deficit of 1,716 million yen in the prior year to 2,867 million yen, with free cash flow of 2,832 million yen 9. Bank of Innovation closed the year with cash of 5,212 million yen and a net cash position of 5,186 million yen 9.

FY2024: Bank of Innovation

Bank of Innovation reported full-year revenue of 13,615 million yen for FY2024, down 36.2% year-on-year against the prior year's Memento Mori launch-period base 7. Operating income declined to 1,329 million yen, down 72.9% year-on-year 7, and net income fell to 895 million yen, with both Apple and Google distribution channels recording declines of 41.6% and 30.2% respectively 7. Operating cash flow swung to an outflow of 1,716 million yen from a prior-year inflow of 5,212 million yen, turning free cash flow negative at 1,740 million yen 7. Bank of Innovation closed FY2024 with a net cash position of 2,209 million yen and allocated 874 million yen to research and development to advance new title development 7.

FY2023: Bank of Innovation

Bank of Innovation reported full-year revenue of 21,333 million yen in FY2023, up 778.3% from 2,428 million yen in the prior year, driven by the October 2022 release of the large-scale mobile RPG Memento Mori, which accounted for 92 to 97% of total sales 4. Operating income turned from a loss of 1,008 million yen in FY2022 to 4,900 million yen, and net income reached 3,293 million yen after a loss of 838 million yen in the prior year 4. User-billing revenue, the primary revenue component, grew from 2,268 million to 21,319 million yen, and the strong cash generation enabled full recovery of 425 million yen in deferred tax assets related to carried-forward tax losses 4. Free cash flow reached 5,163 million yen, and Bank of Innovation closed FY2023 with a net cash position of 4,462 million yen 4.

Glossary

  • Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
  • Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
  • Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
  • EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
  • FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
  • OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
  • Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
  • Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
  • *: derived, the formula is in the hover
  • ≈: calculated, approximation
  • ~: uncertain; the value stays visible, verdicts do not use it
  • °: repaired by a targeted query against the document, or curated with documentary evidence
  • EBIT: EBIT as a fallback: the income statement carries no operating line
  • basic: basic earnings per share as a fallback when diluted is missing

Sources: quarterly reports, annual reports and investor relations documents

All original documents NadirAlpha used for this report on Bank of Innovation stock: quarterly and annual reports, earnings releases and investor relations documents, sorted by publication, the document type is the link. Note on EDINET (Japan): direct retrieval via the EDINET API requires a free API key; alternatively all documents are freely available via the EDINET search (disclosure2.edinet-fsa.go.jp). NadirAlpha methodology

10 documents · 2023 to 2026 · EDINET (Japan)
Sources for Bank of Innovation stock: 10 original documents, 2023 to 2026. Compiled by NadirAlpha.
#Document typePublished
#1 / #101Quarterly report (EDINET)2023-02-13
#2 / #102Quarterly report (EDINET)2023-05-12
#3 / #103Quarterly report (EDINET)2023-08-09
#4 / #104Annual report (EDINET)2023-12-25
#5 / #105Quarterly report (EDINET)2024-02-13
#6 / #106Quarterly report (EDINET)2024-05-14
#7 / #107Annual report (EDINET)2024-12-25
#8 / #108Half-year report (EDINET)2025-05-13
#9 / #109Annual report (EDINET)2025-12-25
#10 / #110Half-year report (EDINET)2026-05-15

Bank of Innovation Stock FAQ

Where can I find the official investor relations documents of Bank of Innovation?

NadirAlpha links all 10 original filings used (EDINET filings) in the sources chapter: quarterly report, annual report, half-year report, each with type, publication date and a direct link; every figure in the report carries a source number.

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