FinancialKoei Tecmo
Financial Highlights for the 3rd Quarter of the Fiscal Year Ending March 2012 (FY2011)
1 Jan 20111 pages~2 min full read
Tecmo Koei Holdings achieved a financial turnaround in the first nine months of FY2011, shifting from an operating loss of 935 million yen in the prior year to an operating profit of 1.8 billion yen.
Net sales for the nine-month period grew 7.1% year-over-year to 20.86 billion yen, supported by strong performance in the Game Software and Online & Mobile segments.
The Game Software division returned to profitability with 1.37 billion yen in operating income on 13.38 billion yen in sales, an 11.9% increase over the previous year.
The Online & Mobile segment demonstrated significant momentum with a 26.5% increase in sales to 4.24 billion yen and a nearly 50% rise in operating income to 748 million yen.
Amusement Facilities and Pachislot & Pachinko segments saw sharp declines, with revenues falling 38.2% and 30.7% respectively.
The company projects a strong full-year finish with 35 billion yen in total sales and a 51.3% increase in annual operating income to 5 billion yen.
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.
