News
WIT Studio Reports Large Increase in Sales, But 2 Sister Studios Report Net Loss
posted on by Rafael Antonio Pineda
IG Port, the parent company of animation studios Production I.G, Wit Studio, XEBEC, Signal.MD, and publisher Mag Garden, released its report for its previous fiscal year (June 1, 2017 to May 31 2018) on August 29.
IG Port reported consolidated sales of 8.426 billion yen (about US$75.48 million, an 11% increase from last year), and a net profit of 201 million yen (about US$1.80 million, a 29.5% decrease).
Although it reported losses last year, Wit Studio (Attack on Titan, The Ancient Magus' Bride, After the Rain) reported a dramatic 60% increase in sales compared to last year, amounting to 1.494 billion yen (about US$13.4 million). It also reported an ordinary income of 59 million yen (about US$529,212), and a net profit of 31 million yen (about US$278,062).
Publishing arm Mag Garden (Monthly Comic Garden, Monthly Comic Avarus) reported a profit, with sales of 1.922 billion yen (about US$17.24 million, an 11.9% increase from last year), an ordinary income of 391 million yen (about US$3.50 million, a 16.4% increase), and a net income of 245 million yen (about US$2.19 million, a 16.1% increase).
Production I.G (The Legend of the Galactic Heroes: Die Neue These, Gekijōban Kuroko no Basuke Last Game, FLCL Progressive) reported sales of 3.098 billion yen (about US$27.79 million, a 35.6% increase from last year). However, the company also reported an ordinary income of 54 million yen (about US$484,160), a decrease from last year's 223 million yen (about US$2.04 million at the time). It also reported a net loss of 46 million yen (about US$412,300), a decrease from last year's net income of 160 million yen (about US$1.46 million).
XEBEC (Future Card Buddyfight X, Clockwork Planet) reported slightly increased sales of 1.934 billion yen (about US$17.35 million), an ordinary loss of 162 million yen (about US$1.45 million), and a net loss of 127 million yen (about US$1.14 million).
The company did not disclose the financial information for Signal.MD.
Source: IG Port official website, Animation Business Journal (Tadashi Sudo)
