The financial results of the animation production company WIT Studio for the fiscal year to May 2022 showed a turnover of 2.79 billion yen (126.2% more than in the immediately previous period) and ordinary income of 232 million yen. yen (versus a loss of 486 million). The ending profit of 222 million yen (compared to a loss of 501 million yen in the immediately preceding period) shows a significant increase in revenue and a turnaround in profitability.
The parent company, IG Port (3791) , had commented that it was back in profit and that earnings had improved rapidly. Regarding WIT Studio , animation productions made during the period included SPY x FAMILY ; Ousama Ranking ( Ranking of Kings ); Vampire in the Garden ; Bubble ; Ooyukiumi no Kaina ( Kaina of the Great Snow Sea ); Magic: The Gathering through the short film Kamigawa: Kagayakeru Sekai ( Kamigawa: Neon Dynasty ).
Since last year, as the company's deficit increased and it became increasingly insolvent (something that was finally reversed this year), IG Port launched the “Subsidiary Management Project”, to intervene in the administration of the company. Until then, IG Port had respected the independence of each subsidiary and left the management policy in their hands, but by intervening in their management, the company intended to complement the management team in terms of administration, improve the management system and return to profitability, something that was finally achieved.
Source: GameBiz
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