Senran Kagura and Story of Seasons publisher Marvelous has accumulated roughly 11 billion yen ($99.55 million) in cash reserves as of the end of June, and may spend up to three billion yen ($27.1 million) on acquisitions in the gaming and audiovisual industry, the Nikkei Asian Review has reported.
“While leaving internal reserves of about three billion yen to five billion yen, we will put the excess cash towards M&As (mergers and acquisitions) among other uses,” Marvelous chairman Haruki Nakayama said.
Marvelous expects buying a video content producer would benefit its musical planning and management business. Apart from acquisitions, the company is also considering investing in researching technologies such as virtual reality, and is planning to spend excess cash on new game development.
While game companies tend to save its money, Nakayama said it wants to utilize its excess funds to grow its businesses.