IG Port’s FY2023 Performance Update: Studios Performances and Projects Ownership Statuses

Before diving into the entities performance below, it is important to note that, as it stands as of FY2023, IG Port owns Production I.G, Mag Garden and Singal MD by 100% whilst the ownership over Wit Studio is at 66.7%.

Also note that the projects mentioned below are delivered or were airing within the FY2023 period. It is unknown when the studios receive sales from the projects either a half or a full sum prior to delivery or when all episodes or works are fully delivered. It is also highly plausible that sales for some projects are only recorded in the latest fiscal year for the ones worked on in the fiscal year before, or it is not recorded in the latest fiscal year, but in the next fiscal year that follows.

Last but not least, FY2023 occurred from June 1, 2022 to May 31, 2023.

Studios Performances

Production I.G

Production IG’s Sales and Net Income in Thousand Yen (FY2008 – FY2023)
Source: IG Port, Inc., chart by Erzat

The studio recorded a drop of 25% in sales performance in FY2023 from 5,315,234 thousand yen34.67 million USD in FY2022 to 3,987,502 thousand yen26.04 million USD. This is, however, not its weakest performance seeing FY2017 remains the most under-performed year ever noted since FY2008 at 2,284,239 thousand yen14.90 million USD. As for FY2023’s performance, it sits right behind FY2019’s 4,024,668 thousand yen26.25 million USD with the strongest sales ever reported belonging to FY2021’s 5,504,118 thousand yen35.91 million USD.

Despite the not so strong sales, profit-wise, FY2023 has done exceptionally well, recording a massive jump of nearly 300% to post 397,966 thousand yen2.60 million USD after a loss in FY2022 totalling 203,207 thousand yen1.33 million USD. This is also the studio’s second best performance since FY2008.

The following table presents the projects that Production I.G was involved throughout the FY2023 period:

Title Type Planned Broadcast / Release Role
Ao Ashi TV Apr. 9, 2022 to Sep. 24, 2022 Studio
Shin Tennis no Oujisama: U-17 World Cup TV Jul. 7, 2022 to Sep. 29, 2022 Producer
Ginga Eiyuu Densetsu: Die Neue These – Sakubou Movie Sep. 30, 2022 to Nov. 25, 2022 Studio
C Danchi TV Oct. 2, 2022 to Oct. 23, 2022 Studio
Hikari no Ou TV Jan. 14, 2023 to Mar. 18, 2023 Producer
Soukyuu no Fafner: Dead Aggressor – Behind the Line Movie Jan. 20, 2023 Studio
Zero Step Music Jan. 20, 2023 Studio
Shingeki no Kyojin: The Final Season – Kanketsu-hen TV Special Mar. 4, 2023 to Nov. 5, 2023 Producer
Rakudai Majo: Fuuka to Yami no Majo Movie Mar. 31, 2023 Studio
Tengoku Daimakyou TV Apr. 1, 2023 to Jun. 24, 2023 Studio
Ultraman Final ONA May 11, 2023 Studio
Psycho-Pass Movie: Providence Movie May 12, 2023 Studio

Wit Studio

Wit Studio’s Sales and Net Income in Thousand Yen (FY2016 – FY2023)
Source: IG Port, Inc., chart by Erzat

As for Wit Studio, it saw the highest sales since FY2016 in FY2023, nearly quadraple the performance in FY2017. The 3,740,178 thousand yen24.40 million USD in sales in FY2023 is also 33.85% more than what was reported in FY2022 which was worth 2,794,408 thousand yen18.23 million USD.

Whilst sales were incredible in FY2023, its net income is not as great as FY2022’s 222,940 thousand yen1.45 million USD. Nevertheless, the 87,260 thousand yen569.30 thousand USD achieved in FY2023 is the second best performance thus far since FY2016. Note that the studio has, since FY2016, mostly recorded losses with the heaviest seen in FY2021 at 501,579 thousand yen3.27 million USD.

The following table presents the projects that Wit Studio was involved throughout the FY2023 period:

Title Type Release Period Role
Spy x Family TV Apr. 9, 2022 to Jun. 25, 2022 Studio
Onipan! TV Apr. 11, 2022 to Jul. 1, 2022 Studio
Pokemon Legends Arceus: Yuki Hodo Kishi Futaai ONA May 18, 2022 to Jun. 22, 2022 Studio
Spy x Family Part 2 TV Oct. 1, 2022 to Dec. 24, 2022 Studio
Good Day Music Oct. 7, 2022 Studio
Tsuki ni Hoeru feat. Kaho Nakamura Music Jan. 29, 2023 Studio
Inu to Shounen ONA Jan. 31, 2023 Studio
Fuyu no Okurimono ONA Mar. 18, 2023 Studio
COLORs ONA Mar. 24, 2023 Studio
Kizuna no Allele TV Apr. 4, 2023 to Jun. 20, 2023 Studio
Ousama Ranking: Yuuki no Takarabako TV Apr. 14, 2023 to Jun. 16, 2023 Studio
Shayou Music May 10, 2023 Studio

Publishing Subsidiary: Mag Garden’s Performance

Mag Garden’s Sales and Net Income in Thousand Yen (FY2008 – FY2023)
Source: IG Port, Inc., chart by Erzat

The publishing arm of IG Port has consistently reported increasing sales since FY2019 with the peak reached in FY2023 worth 2,740,479 thousand yen17.88 million USD being Mag Garden’s most impressive performance so far since FY2008. This increase is 7.57% more than what was reported in FY2022 and is about three times more than what was recorded in FY2008.

Since FY2008, the subsidiary has not reported any losses, signalling how profitable of a business it is. The lowest profit can be seen in FY2013 worth 1,691 thousand yen11.03 thousand USD whereas FY2023 is now its strongest at 365,806 thousand yen2.39 million USD, a 1.71% improvement over the prior fiscal year.

The following table presents some of the major releases that Mag Garden had published throughout the FY2023 period:

Title Type Release Date Price (Yen)
Reincarnation no Kaben Vol. 16 Manga July 8, 2022 640
Meikyuu Black Company Vol. 9 Manga July 8, 2022 650
Mahoutsukai no Yome Vol. 18 [Regular Edition] Manga September 9, 2022 650
Mahoutsukai no Yome Vol. 18 [Special Edition] Manga September 9, 2022 4,527
Madougushi Dahliya wa Utsumukanai Vol. 5 Manga September 9, 2022 680
Colori Colore Creare Vol. 1 Manga November 10, 2022 650
Tensei Kizoku no Isekai Boukenroku Vol. 9 Manga December 14, 2022 630
Reincarnation no Kaben Vol. 17 Manga January 10, 2023 630
Mahoutsukai no Yome Anime Season 2 Starter Pack [Vol. 10 – Vol. 12] Manga March 10, 2023 900
Mahoutsukai no Yome Vol. 19 [Regular Edition] Manga March 10, 2023 630
Mahoutsukai no Yome Vol. 19 [Special Edition] Manga March 10, 2023 2,400
Meikyuu Black Company Vol. 10 Manga March 10, 2023 650
Colori Colore Creare Vol. 1 Manga April 10, 2023 650
Tensei Kizoku no Isekai Boukenroku Vol. 10 Manga May 12, 2023 630

The following table presents some of the magazine that Mag Garden had published throughout the FY2023 period:

Title Type Release Date Price (Yen)
Comic Garden July 2022 Issue Magazine June 3, 2022 609
Comic Garden August 2022 Issue Magazine July 5, 2022 609
Comic Garden September 2022 Issue Magazine August 5, 2022 609
Comic Garden October 2022 Issue Magazine September 5, 2022 664
Comic Garden November 2022 Issue Magazine October 5, 2022 609
Comic Garden December 2022 Issue Magazine November 5, 2022 609
Comic Garden January 2023 Issue Magazine December 5, 2022 664
Comic Garden February 2023 Issue Magazine January 5, 2023 609
Comic Garden March 2023 Issue Magazine February 3, 2023 609
Comic Garden April 2023 Issue Magazine March 3, 2023 609
Comic Garden May 2023 Issue Magazine April 5, 2023 609
Comic Garden June 2023 Issue Magazine May 2, 2023 609

IG Port’s Project Ownership Statuses

Below are the projects that IG Port is involved in through a subsidiary or directly (more often than not, it is usually through a subsidiary) as a production committee member:

Production Committee % of Ownership
30%
50%
35.7%
30%
33.5%
30%
Hibiki from Bubble
Bubble

Within the full FY2023, Bubble had brought in 56 million yen365.44 thousand USD worth of sales for IG Port at 30% ownership. At 100%, the total amount of copyright sales should see the title raking in a total of 186.67 million yen1.22 million USD.


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.

If you find any issues with the information above, please do not hesitate to let me know! Also, don’t shy away from dropping a comment or two down below and share your thoughts with us.

Note: All currency conversions were done at the time of writing.

Featured Image:
Bubble

Related Post:
FY2023 Full Result

Sources:
Summary of Accounts FY2023
Presentation Material FY2023
Securities Report FY2023

Visualisation:
A breakdown of IG Port’s Ownership According to Series for the Fiscal Year 2023
Mag Garden’s Sales and Profit or Loss
Production I.G’s Sales and Profit or Loss
Wit Studio’s Sales and Profit or Loss

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