FinancialKoei Tecmo
Financial Highlights for the Fiscal Year Ending March 2013 (FY2012)
1 Jan 20132 pages~3 min full read
Tecmo Koei Holdings achieved a 21.9% increase in net income to 5.6 billion yen for the fiscal year ending March 31, 2013, despite a 2.5% decline in net sales to 34.6 billion yen.
The core game software division saw a 4.7% revenue decrease but achieved a 27% surge in operating income, signaling a shift toward higher-margin titles.
The pachislot and pachinko segment emerged as a key growth driver, recording a 29% increase in sales and a 15.2% rise in operating income.
The online and mobile segment performed poorly, with operating income dropping 50% to 549 million yen during the fiscal year.
Total assets grew from 80.7 billion yen to 95 billion yen, driven primarily by an increase in investment securities from 33.7 billion yen to 45.3 billion yen.
Shareholders' equity reached 82.4 billion yen, bolstered by a transition from unrealized losses to gains on securities.
Tecmo Koei Holdings achieved significant profitability growth during the fiscal year ending March 31, 2013, despite a slight contraction in overall revenue. Net sales decreased by 2.5% to 34.6 billion yen, yet the company realized a 7.8% increase in operating income and a substantial 21.9% rise in net income, which reached 5.6 billion yen. This divergence between top-line revenue and bottom-line profit suggests improved operational efficiencies and a more profitable product mix within the core business segments.
The game software division remains the primary revenue driver, contributing 23.7 billion yen. While sales in this segment fell by 4.7%, its operating income surged by 27%, indicating higher margins on software titles. Conversely, the online and mobile segment experienced a sharp 50% decline in operating income, falling to 549 million yen. The pachislot and pachinko segment emerged as a high-growth area, with sales increasing by 29% and operating income rising by 15.2%. Other smaller segments, such as amusement facilities, showed modest growth, while the media and rights division posted a small operating loss.
The corporate balance sheet strengthened considerably over the twelve-month period, with total assets expanding from 80.7 billion yen to 95 billion yen. This growth was largely fueled by a significant increase in investment securities, which rose from 33.7 billion yen to 45.3 billion yen, and a doubling of cash and time deposits. Shareholders' equity improved to 82.4 billion yen, supported by a recovery in accumulated other comprehensive income, specifically a swing from unrealized losses to gains on securities. These financial results reflect a period of consolidation and asset growth for the Japanese publisher, characterized by robust software profitability and a diversifying revenue base.
