SNK By the end of the fiscal year ending in December 2025, despite tough economic conditions revenue growth. According to the financial results announced by the company, turnover increased by 10%, but the balance sheet recorded a higher loss than the previous year.
In particular, the company reported Operating loss 19.9 billion yenequivalent to approximately US$125.2 million, while ordinary losses amounted to 21.5 billion yen (US$135.3 million) and net losses amounted to 22.2 billion yen (US$139.7 million).
getting lower and lower
IL Compare to previous year highlights the extent of the deterioration. In fact, SNK’s operating loss was 12.6 billion yen, ordinary loss was 12 billion yen, and net loss was 12.9 billion yen. Therefore, revenue growth was not enough to turn around the company’s financial situation.
SNK announced as early as November last year Reduce share capital and capital reserves of 8 billion yen each, a measure that was supposed to help reduce accumulated losses. The intervention allowed the company to increase capital, but as stated in the filing, SNK remains in bankruptcy.
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As the sources emphasize, the term does not automatically equate to bankruptcy: Indicates that the company is experiencing financial difficulties and is currently unable to perform its obligations according to expected conditions.
To support its financial position, SNK has also secured a total of $40 million in financing from its parent company, Electronic Gaming Development Company. The loan stipulates a one-time repayment in October 2029, with an interest rate of 7.28%. Can he save himself?