FinancialKoei Tecmo
Financial Highlights for the First Half of the Fiscal Year Ending March 2014 (FY2013)
1 Mar 20142 pages~4 min full read
Tecmo Koei Holdings reported a 329.6% year-over-year increase in net income to 2.38 billion yen for the first half of FY2013, ending September 30, 2013.
Operating income surged 83.8% to 1.65 billion yen, while net sales grew 12.6% to 15.46 billion yen compared to the same period in the previous year.
The Online & Mobile segment showed strong momentum with a 27.9% increase in sales and a 62.1% rise in operating income to 455 million yen.
The Game Software segment remains the company's primary revenue driver, contributing 9.77 billion yen in sales, a 10.8% increase over the prior year.
Full-year forecasts project net sales of 37 billion yen and operating income of 7 billion yen, with expectations that the Online & Mobile segment will double its annual operating income.
Total liabilities were reduced significantly from 13.39 billion yen to 6.07 billion yen, primarily due to decreases in accounts payable and income taxes payable.
While most segments grew, the Amusement Facilities and Pachislot & Pachinko divisions experienced slight declines in sales during the six-month period.
Tecmo Koei Holdings reported significant growth across all major profitability metrics for the first half of the fiscal year ending March 2014. Net sales reached 15.46 billion yen, representing a 12.6% increase over the same period in the previous year. This growth was accompanied by a substantial rise in operating income, which surged 83.8% to 1.65 billion yen. Most notably, net income experienced a dramatic year-over-year increase of 329.6%, totaling 2.38 billion yen for the six-month period ending September 30, 2013.
The Game Software segment remained the primary revenue driver, contributing 9.77 billion yen in sales, a 10.8% increase. However, the Online & Mobile and Media & Rights segments showed the strongest relative growth at 27.9% and 32.5% respectively. While most divisions saw improved performance, the Amusement Facilities and Pachislot & Pachinko segments experienced slight declines in sales. From a profitability standpoint, the Online & Mobile segment demonstrated a significant recovery, with operating income rising 62.1% to 455 million yen.
The consolidated balance sheet as of September 30, 2013, shows total assets of 88.2 billion yen, a decrease from the 95.01 billion yen reported at the end of the prior fiscal year. This change was largely driven by a reduction in current assets, specifically cash and accounts receivable. Conversely, investment securities rose to 50.02 billion yen. Total liabilities decreased significantly from 13.39 billion yen to 6.07 billion yen, primarily due to a reduction in accounts payable and income taxes payable.
Looking ahead to the full fiscal year results, forecasts suggest continued growth with net sales expected to reach 37 billion yen and operating income projected at 7 billion yen. These targets indicate a positive outlook for the remainder of the year, particularly for the Online & Mobile segment, which is forecasted to double its annual operating income compared to the previous full year.
