IG Port, the parent company that wholly owns Signal.MD, Mag Garden, Production I.G and 66.7% of Wit Studio have reported its best Quarter 1 performance to date since the fiscal year (FY) 2009. Its net sales for the quarter that took place between June 1, 2022 to August 31, 2022 (three months) jumped 15.53% to 2,649,293 thousand yen (≈17.78 million USD) with profit attributable to parents at 251,576 thousand yen (≈1.69 million USD), up by 90.67% over the same period the year before. Its comprehensive income, on the other hand, puts the figure slightly higher at 255,390 thousand yen (≈1.71 million USD), a drastic improvement over the 80,719 thousand yen (≈541 thousand USD) it had the same period last year.
Video Production Business
Its Video Production Business which comprises Signal.MD, Production I.G and Wit Studio remains its biggest segment at 1,544,108 thousand yen (≈10.36 million USD), an increase of 32.31% over the same quarter the prior year while its segment profit grew by a massive 786.81% to 88,105 thousand yen (≈591 thousand USD) from the 9,935 thousand yen (≈66.65 thousand USD) it made the year before. Note that this is not its best Video Production Business performance to date as the group of companies earned more for the fiscal year 2019 where net sales were at 1,602,078 thousand yen (≈10.75 million USD) whereas it recorded its best profit for the fiscal year 2014 at 170,528 thousand yen (≈1.14 million USD).
For the period, according to its securities report, the segment delivered TV animation works such as Spy x Family, Ao Ashi, Onipan! among others. As for theatrical works, it mentioned Ginga Eiyuu Densetsu: Die Neue These – Sakubou, but other titles too had contributed to sales. However, the group had noted that the increasing CG production and outsourcing cost, exacerbated by lengthening production time, some works were in the red, though as to which work, it was not specified.
As for the breakdown of sales, the distribution of TV and Anime videos brought in the most sales at 1,151,438 thousand yen (≈7.73 million USD) which was 74.6% of its total sales while Anime films earned the segment 183,286 thousand yen (≈1.23 million USD), taking up 11.9% of the total sales. Other Anime production related sales were at 206,505 thousand yen (≈1.39 million USD) and Other non-specified sales from the segment brought in a further 2,879 thousand yen (≈19 thousand USD).
Publishing Business
Its Publishing Business came in second with sales at 577,845 thousand yen (≈3.88 million USD), down by 8.15% over the same period of last year. The slip in net sales had also dragged down its segment profit by 40.37% from an all-time high of 172,490 thousand yen (≈1.16 million USD) the same quarter the year before to 102,856 thousand yen (≈690 thousand USD) amid a change in publication schedule that caused fewer Manga to be published for the period when compared to the same period last year.
In this segment, the group mainly operates the monthly magazine “Comic Garden” of which three issues were released during the three-month period including the publication of 18 new Manga and books. Among those that were published were: Reincarnation no Kaben Volume 16 and Fukafuka Dungeon Kouryakuki: Ore no Isekai Tensei Boukentan Volume 8. The group also noted that sales were particularly strong for already published series such as Reincarnation no Kaben and Madougushi Dahlia wa Utsumukanai: Kyou kara Jiyuu na Shokunin Life.
As for the segment breakdown, physical sales of Manga and books were at 80,330 thousand yen (≈538.75 thousand USD), taking up only 13.9% of the segment’s total sales while sales of e-books were at 426,050 thousand yen (≈2.86 million USD), slightly more than five times the sales of its physical Manga and books, amounting to 73.7% of all sales in its Publishing Business segment. Other non-specified sales stood at 71,464 thousand yen (≈479.28 thousand USD).
Copyright Business
Its Copyright Business saw a total of 442,977 thousand yen (≈2.97 million USD) in sales, which is a small drop of 2.91% from the same period of last year while segment profit catapulted by 1068.37% to 109,967 thousand yen (≈737.43 thousand USD) from the same period the year before which at the time only amounted to 9,412 thousand yen (≈63.12 thousand USD). Note that these are sales made via the secondary use of rights (according to investment ratio) from series such as Spy x Family, Ousama Ranking, Ginga Eiyuu Densetsu: Die Neue These, Ao Ashi, Shingeki no Kyojin, Koukaku Kidoutai etc.
As for the breakdown, it earned the most sales from copyright fees for its video content at 195,305 thousand yen (≈1.31 million USD) which took up 44.1% of its total sales. Royalties earned from the publication of original works was at 51,613 thousand yen (≈346.11 thousand USD) while Other non-specified sales from the segment were at 10,656 thousand yen (≈71.46 thousand USD). Note that the segment also had other earnings which amounted to 185,402 thousand yen (≈1.24 million USD).
IG Port’s Group of Companies

IG Port, Inc. is incorporated in Japan with its head office in Musashino-shi. It is listed on the Tokyo Stock Exchange under ticket symbol: 3791.
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Note: All currency conversion were done at the time of writing.
Sources:
1st Quarter Securities Report FY2023
1st Quarter Summary of Accounts FY2023
Google Charts:
Group Sales and Net Profit or Loss
Video Production Business’ Sales and Operating Profit or Loss
Publishing Business’ Sales and Operating Profit or Loss
Copyright Business’ Sales and Operating Profit or Loss
Video Production Business Sales Breakdown
Publishing Business Sales Breakdown
Copyright Sales Breakdown
Visualisation:
IG Port’s FY2023 1st Quarter Performance
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