Game Development and Sales Performance Risk: New game releases may not meet sales expectations due to quality issues, marketing challenges, or intense competition, leading to revenue shortfalls and significant write-offs for development costs.

Intense Market Competition Risk: The company operates in a highly competitive global video game market, facing established publishers, emerging indie studios, and platform holders, which can impact market share and profitability.

Intellectual Property Management Risk: Over-reliance on a few core franchises like Final Fantasy and Dragon Quest, coupled with challenges in successfully creating and monetizing new intellectual properties, poses a long-term growth risk.