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Financial
Financial Highlights for the 3rd Quarter of Fiscal Year Ending March 2011 (FY2010)
Tecmo Koei Holdings reported a challenging third quarter for the fiscal year ending March 2011, characterized by a year-on-year decline in net sales and continued operating losses. Total net sales for the third quarter reached 19.47 billion yen, representing an 11.1% decrease compared to the same period in the previous fiscal year. Despite this downturn, the company significantly narrowed its net loss from 959 million yen in the prior year to 91 million yen, suggesting improved cost management or more favorable non-operating conditions. The core Game Software segment remained the primary revenue driver but saw a 13.1% decline in sales to 11.96 billion yen, resulting in an operating loss of 1.45 billion yen for the quarter. In contrast, the Online and Mobile segment showed growth, with sales increasing 10.2% to 3.35 billion yen and the division swinging from a loss to a 500 million yen operating profit. Other segments, including Media and Rights and Amusement Facilities, generally experienced sales contractions, though the Pachislot and Pachinko division maintained profitability with a 46.8% increase in operating income. Management maintains an optimistic outlook for the full fiscal year, forecasting a recovery that would bring total net sales to 36.5 billion yen, a 5.8% increase over the previous full year. This projection relies on a massive surge in the final quarter to achieve a forecasted operating income of 5 billion yen, which would represent a 680% increase over the prior year’s results. The anticipated growth is heavily weighted toward the Game Software segment, where full-year sales are expected to reach 24.7 billion yen with a substantial return to profitability.
Koei TecmoJan 2011
Financial
Financial Highlights for the 1st Half of Fiscal Year Ending March 2011 (FY2010)
Tecmo Koei Holdings experienced a challenging first half for the fiscal year ending March 2011, characterized by significant year-over-year declines across nearly all business segments. Net sales for the six-month period fell to 11,069 million yen, representing a 27.5% decrease compared to the same period in the previous year. This downturn led to an operating loss of 1,656 million yen and a net loss of 571 million yen, deepening the deficits recorded during the first half of fiscal year 2009. The game software segment, the company’s largest division, was the primary driver of this decline, with sales dropping 34.2% to 6,330 million yen and operating losses nearly doubling to 1,623 million yen. Other core areas, including online and mobile, media and rights, and pachislot and pachinko, also saw revenue contractions ranging from 12.3% to 22.8%. Amusement facilities remained a small bright spot in terms of profitability, seeing operating income rise to 136 million yen despite a 10.7% dip in sales. Despite these immediate losses, the financial outlook for the full fiscal year remains optimistic, projecting a significant recovery in the second half. Management forecasts total annual net sales of 36,500 million yen, a 5.8% increase over the prior full year. This recovery is expected to be driven by a massive surge in game software profitability, with a full-year operating income target of 5,000 million yen. Achieving these goals would represent a 680% year-over-year increase in operating income, suggesting a heavy reliance on major product launches or seasonal performance scheduled for the latter half of the fiscal year.
Koei TecmoJan 2011
Financial
Financial Highlights for the 1st Quarter of the Fiscal Year Ending March 2013 (FY2012)
Tecmo Koei Holdings experienced a significant downturn in financial performance during the first quarter of the fiscal year ending March 2013. Net sales fell by 12.7% year-over-year to 5.86 billion yen, while operating income plummeted by 92.8% to just 24 million yen. The period was marked by a transition into a net loss of 488 million yen, a sharp contrast to the 265 million yen profit recorded in the same quarter of the previous year. This decline was primarily driven by the core game software segment, which saw sales drop nearly 20% and operating income fall by 84.5% as the company navigated a challenging market environment. Performance across most business segments remained sluggish during the quarter. The online and mobile division saw a 10% decrease in sales, while the media and rights segment continued to operate at a loss. Conversely, the pachislot and pachinko segment provided a rare bright spot, with sales increasing by 127.4% and operating income rising from 6 million to 90 million yen. Despite these quarterly setbacks, the organization maintains an optimistic outlook for the full fiscal year, forecasting total net sales of 39 billion yen and a net income of 5 billion yen, representing projected annual growth of 9.8% and 7.7% respectively. The data reflects a heavy reliance on the traditional game software segment, which accounts for the majority of revenue but also the highest volatility in earnings. While the first quarter results suggest a difficult start to the year, the full-year projections indicate an expected recovery driven by upcoming releases and growth in the online and mobile sectors. Methodologically, the figures represent consolidated financial statements for the Japanese holding company, including internal segment reclassifications such as the movement of CWS Brains from amusement facilities to the online and mobile division.
TECMO KOEI HOLDINGS CO., LTD.Jan 2013
Financial
Financial Highlights for the 3rd Quarter of the Fiscal Year Ending March 2012 (FY2011)
Tecmo Koei Holdings demonstrated a significant financial recovery during the third quarter of the fiscal year ending March 2012, transitioning from an operating loss in the previous year to a profitable position. Net sales for the nine-month period reached 20.86 billion yen, representing a 7.1% increase year-over-year. More notably, operating income swung from a 935 million yen loss in the third quarter of the prior year to a positive 1.8 billion yen. This upward trajectory supported an optimistic full-year forecast, with the company projecting total sales of 35 billion yen and a 51.3% increase in annual operating income to 5 billion yen. The growth was primarily driven by the core Game Software and Online & Mobile segments. Game Software sales rose 11.9% to 13.38 billion yen, returning the division to profitability with 1.37 billion yen in operating income. The Online & Mobile segment showed even more robust momentum, with sales increasing 26.5% to 4.24 billion yen and operating income rising nearly 50% to 748 million yen. These two divisions represent the vast majority of the company's revenue and profit, offsetting declines in other areas. In contrast, the Amusement Facilities and Pachislot & Pachinko segments experienced sharp contractions. Amusement Facilities revenue fell 38.2% to 1.4 billion yen, while Pachislot & Pachinko sales dropped 30.7% to 702 million yen. Despite these downturns, the overall corporate performance remained strong due to the high margins in digital and software sectors. The data indicates a strategic shift toward software and online services, which are forecasted to provide the bulk of the anticipated 3.6 billion yen in total net income for the full fiscal year.
Koei TecmoJan 2011