Background: Data on the effectiveness and safety of oral anticoagulant (OAC) agents in very elderly nonvalvular atrial fibrillation patients with high bleeding risk are lacking., Objectives: This study examined 2-year outcomes and effects of OAC agents among these patients using the ANAFIE (All Nippon Atrial Fibrillation in the Elderly) registry (N = 32,275) data., Methods: Patients were classified into high-risk (age: ≥80 years; CHADS 2 score: ≥2; and presence of ≥1 bleeding risk factor: creatinine clearance of 15-30 mL/minute, prior bleeding at critical sites, body weight of ≤45 kg, or continuous antiplatelet use) and reference groups., Results: In the high-risk (n = 7,104) and reference (n = 25,171) group patients, 89.0% and 93.4%, respectively, used OAC agents. Of these, respectively, 30.1% and 24.2% used warfarin, and 58.9% and 69.1% used direct-acting OAC (DOAC) agents. Compared with the reference group, the high-risk group had higher incidences of stroke/systemic embolism, major bleeding, intracranial hemorrhage, gastrointestinal bleeding, cardiovascular events, and all-cause death. In the high-risk group, DOAC agent use vs nonuse of OAC agents was associated with reduced incidences of stroke/systemic embolism (HR: 0.53; 95% CI: 0.36-0.79) and all-cause death (HR: 0.65; 95% CI: 0.52-0.81) but not with major bleeding (HR: 1.09; 95% CI: 0.63-1.89). DOAC agents were superior to warfarin in effectiveness and safety. For high-risk patients, history of major bleeding, severe liver dysfunction, and falls within 1 year were independent risk factors for major bleeding., Conclusions: High-risk elderly nonvalvular atrial fibrillation patients had higher event incidences. DOAC agents were associated with reduced risk of stroke/systemic embolism and all-cause death vs nonuse of OAC agents or warfarin. (Prospective Observational Study in Late-Stage Elderly Patients With Nonvalvular Atrial Fibrillation [ANAFIE registry]; UMIN000024006)., Competing Interests: This research was supported by Daiichi Sankyo Co, Ltd. Dr Okumura received remuneration from Nippon Boehringer Ingelheim, Daiichi Sankyo, Johnson & Johnson, and Medtronic. Dr Yamashita has received research funding from Bristol-Myers Squibb, Bayer, and Daiichi Sankyo; manuscript fees from Daiichi Sankyo and Bristol-Myers Squibb; and remuneration from Daiichi Sankyo, Bayer, Pfizer Japan, Bristol-Myers Squibb, and Ono Pharmaceutical. Dr Akao has received research funding from Bayer and Daiichi Sankyo and remuneration from Bristol-Myers Squibb, Nippon Boehringer Ingelheim, Bayer, and Daiichi Sankyo. Dr Atarashi has received remuneration from Daiichi Sankyo. Dr Ikeda has received research grants from Daiichi Sankyo, Medtronic Japan, and Japan Lifeline; has received honoraria from Ono Pharma, Bayer Yakuhin, Daiichi Sankyo, Bristol-Myers Squibb, and Pfizer; and was a member of the Advisory Board for Bayer Yakuhin, Bristol-Myers Squibb, and Daiichi Sankyo. Dr Koretsune has received remuneration from Daiichi Sankyo, Bayer, and Nippon Boehringer Ingelheim. Dr Shimizu has received research funding from Bristol-Myers Squibb, Daiichi Sankyo, and Nippon Boehringer Ingelheim and patent royalties/licensing fees from Daiichi Sankyo, Pfizer Japan, Bristol-Myers Squibb, Bayer, and Nippon Boehringer Ingelheim. Dr Suzuki has received remuneration from Bristol-Myers Squibb and Daiichi Sankyo. Dr Tsutsui has received research funding from Daiichi Sankyo, Mitsubishi Tanabe Pharma, Nippon Boehringer Ingelheim, and IQVA Services Japan; remuneration from Daiichi Sankyo, Bayer, Nippon Boehringer Ingelheim, Pfizer Japan, Otsuka Pharmaceutical, and Mitsubishi Tanabe Pharma; scholarship funding from Daiichi Sankyo, Mitsubishi Tanabe Pharma, and Teijin Pharma; and consultancy fees from Novartis Pharma, Pfizer Japan, Bayer, Nippon Boehringer Ingelheim, and Ono Pharmaceutical. Dr Toyoda has received honoraria from Daiichi Sankyo, Bayer, Bristol-Myers Squibb, and Takeda. Dr Hirayama participated in a course endowed by Boston Scientific Japan; has received research funding from Daiichi Sankyo and Bayer; has received remuneration from Bayer, Daiichi Sankyo, Bristol-Myers Squibb, Nippon Boehringer Ingelheim, Sanofi, Astellas Pharma, Sumitomo Dainippon Pharma, Amgen Astellas BioPharma, and AstraZeneca; and has received patent royalties/licensing fees from Toa Eiyo M. Dr Yasaka received research funding from Nippon Boehringer Ingelheim and remuneration from Nippon Boehringer Ingelheim, Daiichi Sankyo, Bayer, Bristol-Myers Squibb, Pfizer Japan, and CSL Behring. Dr Yamaguchi acted as an Advisory Board member of Daiichi Sankyo; and has received honoraria from Daiichi Sankyo and Bristol-Myers Squibb. Dr Teramukai has received research funding from Nippon Boehringer Ingelheim and remuneration from Daiichi Sankyo, Sanofi, Takeda, Chugai Pharmaceutical, Solasia Pharma, Bayer, Sysmex, Nipro, NapaJen Pharma, Gunze, and Atworking. Dr Kimura has stock and is an employee of Daiichi Sankyo. Dr Morishima and Atsushi Takita are employees of Daiichi Sankyo. Dr Inoue has received honoraria from Daiichi Sankyo, Bayer, Bristol-Myers Squibb and consultancy fees from Daiichi Sankyo., (© 2022 The Authors.)