SNK Reports FY2025 Financial Results: Net Loss Widens to 22.2 Billion Yen

Summary

SNK, the Japanese developer behind franchises such as The King of Fighters, Metal Slug, and Samurai Shodown, has released its full-year financial report for fiscal year 2025 (ending December 2025). Despite a 10.0% year-on-year increase in revenue, the company's profitability continued to deteriorate. Operating loss reached 19.9 billion yen (approx. RMB 880 million), recurring loss 21.5 billion yen (approx. RMB 950 million), and net loss 22.2 billion yen (approx. RMB 980 million) — all significantly wider than the previous fiscal year, when operating loss was 12.6 billion yen and net loss 12.9 billion yen. Under mounting losses, SNK implemented a capital restructuring in November 2024, announcing a reduction of 8 billion yen each in capital and capital reserves to offset accumulated book losses. While this improved the balance sheet on paper, it did not reverse the company's overall financial situation; SNK remains in a state of insolvency at the end of the reporting period. It should be noted that insolvency reflects short-term solvency concerns in accounting terms, and does not necessarily mean immediate bankruptcy — SNK still retains the rights and development capabilities for well-known IPs such as The King of Fighters and Metal Slug. The financial results have drawn widespread attention from players and the industry, as SNK has recently attempted to revitalize its brand…