Core Insights - The article provides a summary of the financial performance of major Japanese gaming companies for the third quarter of 2025, highlighting trends and challenges faced by each company [3][4]. Company Performance Overview - **Koei Tecmo**: Reported revenue of 31.268 billion yen (approximately 1.441 billion RMB), a year-on-year decline of 11.2%. Net profit was 13.465 billion yen (approximately 619.2 million RMB), down 15.7% [5][6]. - **CAPCOM**: Released the Nintendo Switch 2 version of "Street Fighter 6," relying on nostalgia-driven sales rather than new major titles [4]. - **KONAMI**: Launched remakes of classic games and new titles, including "Silent Hill f," contributing to its performance [4]. - **SQUARE ENIX**: Adjusted its annual performance forecast downward due to special losses from organizational restructuring [4]. - **SEGA**: Experienced significant expenses related to acquisitions, impacting its financial results [4]. - **Bandai Namco**: New releases like "SD Gundam G Generation Eternal" and "Elden Ring: Nightfall" performed well [4]. Financial Highlights - **Koei Tecmo's Q3 Financials**: - Revenue: 31.268 billion yen (approximately 1.441 billion RMB), down 11.2% year-on-year - Operating profit: 7.964 billion yen (approximately 366.49 million RMB), down 25.2% - Ordinary profit: 17.795 billion yen (approximately 818.57 million RMB), down 15.3% - Net profit: 13.465 billion yen (approximately 619.2 million RMB), down 15.7% [5][6][8].

Game Releases - The mobile RPG "Black Clover: Path of the Magic Emperor" was officially launched on November 6, featuring a 3D world based on the anime and allowing players to experience Asta's journey alongside popular characters [1] - MiHoYo's first life simulation game "Starry Valley" began its "habitable test" on November 7, allowing players to engage in activities like planting and fishing across different planets [3] Industry Developments - The DLC for "Elden Ring: Night's Fall" is currently in development and is expected to be released in the fiscal year 2025, with performance exceeding initial expectations [6] - The 2025 KPL Grand Finals set a new record for the highest attendance at an esports event, with 62,196 attendees, as Chengdu AG Super Play Team claimed the championship [8] Company News - Rockstar Games announced a delay for "GTA VI," pushing the release date from May 26, 2026, to November 19, 2026, which caused a nearly 10% drop in its parent company Take-Two's stock price [11] - Chen Rui stepped down as General Manager and CFO of Shanghai Bilibili Technology, with the company stating that this change is a normal adjustment and does not affect his role as Chairman and CEO [13] Market Performance - In Q3 2025, China's gaming market generated actual sales revenue of 880.26 billion yuan, reflecting a quarter-on-quarter growth of 6.96%, with leading companies like Kaixin Network and Giant Network reporting net profits exceeding 500 million yuan and growth rates above 35% [15]

Group 1 - Tencent's game "Delta Action" has banned over 116,000 cheating accounts in one week, showcasing its commitment to anti-cheat technology upgrades [1] - The bans include ten-year suspensions and leaderboard data resets for the involved accounts, indicating a strict approach to combating cheating [1] - Effective management of cheats is expected to extend the retention period of active users, indirectly supporting revenue stability [1] Group 2 - Nexon announced the global shutdown of "MapleStory 2," marking the end of a game that operated for nearly a decade [2] - The company's core revenue still relies on classic titles like "MapleStory" and "Dungeon & Fighter," raising concerns about Nexon's ability to modernize its classic IPs following the failure of "MapleStory 2" [2] - This event may heighten market caution regarding Nexon's innovation capabilities, as recent attempts to modernize older games have yielded mixed results [2] Group 3 - From Software released a promotional video for the Chinese version of "Elden Ring: Night's Call," confirming its launch on major platforms on May 30 [3] - The release is considered a key event in the gaming industry for 2025, with implications for sales and the expansion of the commercial boundaries of high-difficulty action games [3] - The multiplayer aspect is expected to attract new users and foster a vibrant community, potentially boosting the stock prices of Bandai and Kadokawa, and may lead to more derivative content like esports and animations [3]