Nihon Falcom Corporation had a good financial year, with revenue and profits up across all key measures for the fiscal year ending September 2025. The long-time Japanese developer, widely known for its Kiseki and Ys game series, attributed its successful growth to solid domestic and international game sales, several high-profile launches, and continued expansion into markets around the world.
The company’s revenue for FY2025 went up by 3.5 percent year-over-year, hitting ¥2,612 million compared to ¥2,524 million in FY2024. Operating profit climbed 8.1 percent to ¥1,340 million, making for a strong 51.3 percent margin, while ordinary profit increased 9.7 percent to ¥1,364 million. Net profit also grew 6.0 percent to ¥903 million, which shows consistent financial health and solid brand recognition within the mid-sized publisher category.
During the fiscal year, Falcom launched several key titles that strengthened its overall catalog. These included The Legend of Heroes: Kai no Kiseki – Farewell, O Zemuria for PlayStation 5 and PlayStation 4, Ys Memoire: The Oath in Felghana for Nintendo Switch, Ys X – Proud NORDICS for the recently released Nintendo Switch 2, and Sora no Kiseki the 1st across many platforms, including PlayStation 5, Switch, Switch 2, and Steam. Furthermore, the studio offered improved versions of Ys VIII, Ys IX, and several Trails of Cold Steel games for PlayStation 5, which broadened its collection across both current and next-generation consoles.
Falcom also ramped up its international release schedule, putting out titles in English, French, German, Spanish, Traditional and Simplified Chinese, and Korean. This ongoing effort to localize games and reach a worldwide audience has been crucial in growing the company’s overseas fan base, especially in Europe, North America, and Asia.
Looking ahead to FY2026, Nihon Falcom expects a small drop in revenue and profit due to a period of transition in development activity. The company predicts revenue of ¥2,600 million (down 0.5 percent), an operating profit of ¥1,300 million (down 3.0 percent), and a net profit of ¥900 million (down 0.4 percent). Nevertheless, the outlook is positive, with several new projects underway and continued growth for its major series.
Among the titles in development is Sora no Kiseki the 2nd, the next game in the Kiseki series, which has now sold more than 9 million copies worldwide. Other planned releases include Ys X – Proud NORDICS for PlayStation 5, extra ports, and international versions of games already available. Falcom also confirmed that new original IPs are being developed, showing a clear intention to expand its catalog while keeping its signature focus on storytelling and action RPG design.
The company restated its commitment to shareholders with a ¥20 per share dividend for FY2025, made up of a ¥10 regular dividend and an additional ¥10 special dividend celebrating the release of Sora no Kiseki the 1st and the Kiseki series achievement. For FY2026, a regular dividend of ¥10 per share is planned, with the possibility of an additional performance-based special dividend depending on how the company performs financially.
With stable growth, a global release plan, and a busy development schedule, Nihon Falcom keeps building its reputation as one of Japan’s most reliable mid-tier publishers. As the company moves to focus on worldwide multi-platform releases and creating original IP, its long-term direction appears to be both careful and ambitious.
