Brave Group is reducing its capital. According to the “Notice of Decrease in Capital and Reserve” published in today’s August 27 edition of the Official Gazette, the company will decrease its capital by 1,233 million yen and its capital reserve by 400 million yen. The company also carried out a capital reduction at around this time last year (see related articles).
The company operates as a conglomerate, developing a wide range of businesses including IP business, platform business, esports business, XR business, DX business, and incubation business.
A financial statement notice was also published, showing that for the fiscal year ending September 2024 (the 7th term), the company posted a net loss of 2,156 million yen, which means the deficit expanded. In the previous term (fiscal year ending September 2023), the net loss was 884 million yen.
https://gamebiz.jp/news/411476
