Updated Mar 21, 2026 by Koei Tecmo
Financial · January 1, 2014
Published by Koei Tecmo
Tecmo Koei Holdings reported significant financial growth for the third quarter of the fiscal year ending March 2014, demonstrating a strong upward trend in profitability and revenue compared to the same period in the previous year. Net sales for the nine-month period reached 25.58 billion yen, a 15.2% increase year-over-year. This growth was accompanied by a substantial rise in earnings, with operating income climbing 43.5% to 3.58 billion yen and net income nearly doubling with a 90.8% increase to 4.98 billion yen. These results indicate high operational efficiency and a successful product mix during the reporting period. The Game Software segment remained the primary driver of revenue, contributing 17.03 billion yen in sales, a 16% increase. However, the Online & Mobile segment showed the most significant momentum in profitability, with operating income rising 49.3% to 698 million yen. Other segments, such as Media & Rights and Pachislot & Pachinko, also saw revenue gains, while the Amusement Facilities division experienced a decline in both sales and operating income. The company’s balance sheet reflects a strategic shift in asset allocation, characterized by a decrease in cash and time deposits and a notable increase in investment securities, which rose from 45.34 billion yen to 56.26 billion yen. Geographically focused on the Japanese market with broader international implications, the data suggests a positive outlook for the full fiscal year. Management forecasted total annual sales of 37 billion yen and a net income of 5.7 billion yen. The financial position remains robust, with total net assets increasing to 86.88 billion yen by the end of December 2013. This stability is supported by a significant rise in accumulated other comprehensive income, driven largely by unrealized gains on securities and favorable foreign currency translation adjustments.
TECMO KOEI HOLDINGS CO., LTD. Financial Highlights for the 3rd Quarter of the Fiscal Year Ending March 2014 (FY2013) Summary of Consolidated Statements of Income (millions of Yen) FY2011 FY2012 FY2013 Full Year 3rd Full Year 3rd YoY Full Year YoY Results Quarter Results Quarter change Forecasts change Results Results ratio ratio Net Sales 35,525 22,206 34,639 25,578 15.2% 37,000 6.8% Gross Profit 13,489 7,940 13,939 10,098 27.2% ‑ ‑ Operating Income 5,758 2,494 6,208 3,580 43.5% 7,000 12.8% Income before income taxes and minority interests 7,479 4,020 8,779 7,482 86.1% 9,000 2.5% Net Income 4,640 2,612 5,656 4,983 90.8% 5,700 0.8% Net Sales by Segment (millions of Yen) FY2011 FY2012 FY2013 Full Year 3rd Full Year 3rd YoY Full Year YoY Results Quarter Results Quarter change Forecasts change Results Results ratio ratio Game Software 24,883 14,686 23,718 17,030 16.0% 25,000 5.4% Online & Mobile 5,635 3,812 5,480 4,622 21.2% 6,000 9.5% Media & Rights 1,838 1,052 1,741 1,251 18.8% 2,200 26.3% Pachislot & Pachinko 1,701 1,534 2,195 1,523 ‑0.7% 2,300 4.8% Amusement Facilities 1,887 1,445 1,932 1,335 ‑7.7% 1,850 ‑4.3% Other 216 165 234 322 94.8% 150 ‑35.9% Corporate & Elimination ‑637 ‑492 ‑664 ‑507 ‑ ‑500 ‑ Total 35,525 22,206 34,639 25,578 15.2% 37,000 6.8%
1,741 1,251 18.8% 2,200 26.3% Pachislot & Pachinko 1,701 1,534 2,195 1,523 ‑0.7% 2,300 4.8% Amusement Facilities 1,887 1,445 1,932 1,335 ‑7.7% 1,850 ‑4.3% Other 216 165 234 322 94.8% 150 ‑35.9% Corporate & Elimination ‑637 ‑492 ‑664 ‑507 ‑ ‑500 ‑ Total 35,525 22,206 34,639 25,578 15.2% 37,000 6.8% Operating Income by Segment (millions of Yen) FY2011 FY2012 FY2013 Full Year 3rd Full Year 3rd YoY Full Year YoY Results Quarter Results Quarter change Forecasts change Results Results ratio ratio Game Software 4,905 2,599 6,229 3,056 17.6% 5,800 ‑6.9% Online & Mobile 1,097 467 549 698 49.3% 1,100 100.2% Media & Rights 164 ‑92 ‑17 ‑23 ‑ 300 ‑ Pachislot & Pachinko 558 444 642 671 51.0% 700 8.9% Amusement Facilities 133 104 157 53 ‑49.0% 160 1.8% Other 13 26 52 69 164.3% 40 ‑23.8% Corporate & Elimination ‑1,115 ‑1,054 ‑1,405 ‑945 ‑ ‑1,100 ‑ Total 5,758 2,494 6,208 3,580 43.5% 7,000 12.8%
TECMO KOEI HOLDINGS CO., LTD. Consolidated Balance Sheets (millions of Yen) Prior Fiscal Year Current Fiscal Year (as of March 31, 2013) (as of December 31, 2013) Assets Current Assets Cash and time deposits 13,851 8,351 Notes and accounts receivable 9,302 7,184 Marketable securities 3,818 2,145 Merchandise and Finished goods 303 200 Work in process 143 14 Raw materials 107 100 Deferred tax assets 923 493 Other current assets 2,997 1,938 Allowance for bad debts △ 32 △ 21 Total current assets 31,416 20,408 Fixed assets Property and equipment Buildings and structures, net 8,052 9,893 Other, net 6,148 6,212 Total Property and equipment 14,200 16,106 Intangible assets Goodwill 2,333 1,387 Other 388 298 Total Intangible assets 2,722 1,686 Investments and other assets Investment securities 45,339 56,257 Claim in bankruptcy 5 2 Lease and guarantee deposits 669 675 Deferred tax assets 493 391 Other 169 153 Allowance for bad debts △ 5 △ 2 Total investments and other assets 46,671 57,478 Total fixed assets 63,594 75,271 Total assets 95,010 95,679
s and other assets Investment securities 45,339 56,257 Claim in bankruptcy 5 2 Lease and guarantee deposits 669 675 Deferred tax assets 493 391 Other 169 153 Allowance for bad debts △ 5 △ 2 Total investments and other assets 46,671 57,478 Total fixed assets 63,594 75,271 Total assets 95,010 95,679 (millions of Yen) Prior Fiscal Year Current Fiscal Year (as of March 31, 2013) (as of December 31, 2013) Liabilities Current liabilities Notes and accounts payable‑trade 4,052 2,512 Accounts payable‑ other 2,032 962 Income taxes payable 2,465 1,269 Accrued bonuses to employees 733 423 Accrued bonuses to directors 91 84 Allowance for sales returns 41 19 Allowance for sales discount 314 250 Allowance for customer‑discount points 12 13 Deferred tax liabilities ‑ 13 Other current liabilities 2,560 1,547 Total current liabilities 12,303 7,097 Long‑term liabilities Reserve for retirement benefits 559 568 Deferred tax liabilities 41 652 Other long‑term liabilities 482 481 Total long‑term liabilities 1,084 1,702 Total liabilities 13,387 8,799 Net assets Shareholders' equity Common stock 15,000 15,000 Capital surplus 25,699 25,699 Retained earnings 43,978 46,085 Treasury stock △ 2,285 △ 2,208 Total shareholders' equity 82,392 84,575 Accumulated other comprehensive income Unrealized gains or losses on securities 2,073 3,714 Unrealized losses on revaluation of the land △ 3,100 △ 3,100 Foreign currency translation adjustments 207 1,630 Total accumulated other comprehensive income △ 820 2,243 S
al shareholders' equity 82,392 84,575 Accumulated other comprehensive income Unrealized gains or losses on securities 2,073 3,714 Unrealized losses on revaluation of the land △ 3,100 △ 3,100 Foreign currency translation adjustments 207 1,630 Total accumulated other comprehensive income △ 820 2,243 Share subscription rights 50 60 Total net assets 81,623 86,880 Total liabilities and net assets 95,010 95,679
Tecmo Koei Holdings reports significant financial growth for the third quarter of the fiscal year ending March 2013. Net sales for the nine-month period reached 22.2 billion yen, representing a 6.5% increase over the same period in the previous year. Profitability metrics showed even more substantial gains, with operating income rising 38.3% to 2.49 billion yen and net income surging 291.7% to 2.61 billion yen. This performance positions the company to meet its full-year forecast of 39 billion yen in net sales and 5 billion yen in net income. The Game Software segment remains the primary driver of revenue and profit, contributing 14.69 billion yen in sales and 2.52 billion yen in operating income, reflecting year-over-year growth of 9.8% and 83.6% respectively. In contrast, the Online & Mobile and Media & Rights segments experienced declines in both revenue and operating income during the third quarter. The Pachislot & Pachinko segment emerged as a high-growth area, with sales increasing 118.5% to 1.53 billion yen. Amusement Facilities maintained steady performance with a slight 3.5% increase in sales. The consolidated balance sheet as of December 31, 2012, indicates a strong financial position with total assets of 81.96 billion yen. A notable shift in the asset mix includes a significant increase in investment securities, which rose from 33.75 billion yen to 40.31 billion yen. Total liabilities decreased from 10.33 billion yen to 6.78 billion yen, primarily due to a reduction in current liabilities such as notes and accounts payable. Shareholders' equity remains robust at 79.07 billion yen, contributing to total net assets of 75.17 billion yen. These figures reflect the company's consolidated performance across its diverse entertainment portfolios in the Japanese and global markets.
Tecmo Koei Holdings achieved significant financial growth during the fiscal year ending March 31, 2014, characterized by an 8.5% increase in net sales to 37.58 billion yen. Profitability metrics showed even stronger momentum, with operating income rising 15% to 7.14 billion yen and net income surging 22.6% to 6.94 billion yen. These results reflect a successful transition toward digital and diversified entertainment segments within the Japanese and global gaming markets. The Online and Mobile segment emerged as a primary driver of profitability, recording a 17.2% increase in revenue and a 95.3% jump in operating income. While Game Software remained the largest revenue contributor at 25.44 billion yen, its operating income saw a slight contraction of 3.4%, suggesting higher development costs or shifting margins within traditional retail software. Other growth areas included Media and Rights, which returned to profitability, and the Pachislot and Pachinko business, which grew operating income by 43.6%. Conversely, the Amusement Facilities segment struggled, with revenue and operating income declining by 7.1% and 42.6% respectively. The consolidated balance sheet indicates a robust financial position with total assets expanding to 100.62 billion yen. A notable strategic shift is visible in the investment portfolio, where investment securities rose from 45.34 billion yen to 56.91 billion yen. Total net assets increased to 88.79 billion yen, supported by a rise in retained earnings and favorable foreign currency translation adjustments. This financial stability, paired with a reduction in total liabilities to 11.83 billion yen, positioned the company with a strong equity ratio to pursue further expansion in the digital entertainment landscape.
Koei Tecmo Holdings reported its financial results for the third quarter of the fiscal year ending March 2016, revealing a period of mixed performance characterized by declining top-line revenue but improved net profitability. For the nine-month period ending December 31, 2015, net sales reached 22.54 billion yen, representing a 6.4% decrease compared to the same period in the previous year. Operating income also saw a significant year-over-year contraction of 19.0%, falling to 3.94 billion yen. Despite these declines in operational performance, net income rose by 4.6% to 6.83 billion yen, supported by strong non-operating figures that bolstered income before taxes. The performance across business segments was varied. The core Game Software division experienced a 10.8% drop in sales and a 26.6% decline in operating income, reflecting a challenging period for traditional packaged software. Conversely, the Online & Mobile segment demonstrated growth, with sales increasing by 8.2% to 5.30 billion yen and operating income rising by 9.1%. Other smaller segments, such as Amusement Facilities and Real Estate, showed improved profitability despite their smaller scale, while the Media & Rights division swung to a small operating loss. Geographically focused on the Japanese market with global reach through its software titles, the company remains optimistic about its full-year outlook. Management maintained forecasts that project a recovery in the fourth quarter, targeting annual net sales of 40 billion yen and a net income of 9.5 billion yen. The balance sheet remains liquid, though total assets decreased from 115.2 billion yen at the start of the fiscal year to 104.5 billion yen, primarily driven by a reduction in notes and accounts receivable and a decrease in the valuation of investment securities. Net assets stood at 97.8 billion yen at the end of the third quarter.
Koei Tecmo Holdings Co., Ltd. reported strong financial performance for the third quarter of the fiscal year ending March 2019, characterized by double-digit growth in both revenue and operating profitability. Net sales reached 26.8 billion yen, an 11.5% increase over the same period in the previous year, while operating income rose significantly by 24.9% to 7.1 billion yen. This growth was primarily driven by the core Entertainment segment, which remains the company’s largest business unit, contributing 23.9 billion yen in sales and 6.3 billion yen in operating income. The Pachislot & Pachinko segment also demonstrated substantial momentum, with sales increasing by 74.4% and operating income nearly doubling year-over-year. In contrast, the Amusement Facilities and Real Estate segments saw slight declines in revenue, though the Amusement Facilities division successfully returned to profitability during the period. Despite the strong operational performance, net income growth was more modest at 2.5%, totaling 8.47 billion yen, as non-operating factors and market fluctuations influenced the bottom line. The consolidated balance sheet as of December 31, 2018, shows total assets of 116.2 billion yen, a decrease from the 128.6 billion yen reported at the end of the previous fiscal year. This reduction was largely driven by a decrease in investment securities and accounts receivable. Shareholders' equity remained robust at 114.1 billion yen, though total net assets were impacted by unrealized losses on securities. Looking ahead, the company maintains a positive full-year forecast, projecting net sales of 41 billion yen and operating income of 12 billion yen, signaling continued confidence in its core entertainment software and licensing businesses.