Marvelous Tightens Its Belt

As the economy slumps, not all publishers are treading water. Last week, Marvelous Entertainment released their earnings report for the past fiscal year ending on March 31, 2010. Sales for the small Japanese publisher were ¥8.3 billion ($90.8 million), down from ¥10.1 billion ($110.6 million) during the same period last year. The company posted a net loss of ¥1.6 billion ($17.5 million), slightly larger than last year’s loss of ¥1.2 billion ($13.1 million).

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