ReportKoei Tecmo
Financial Highlights: 3rd Quarter of the Fiscal Year Ending March 2017
2 pages~3 min full read
Key insights
7 takeaways · ~3 min read- 01KOEI TECMO Holdings reported a significant revenue increase to ¥38.3 billion for the third quarter of fiscal 2016, up from ¥22.5 billion in the same period of the previous year.See it on page 1
- 02Operating income rose 11.1% to ¥11.1 billion, while net income grew 12.3% to ¥10.9 billion, tracking closely toward the company's full-year forecast of ¥11 billion.See it on page 1
- 03The entertainment segment remains the primary driver of financial performance, generating ¥34.7 billion in sales and contributing ¥10.4 billion to the total operating income.See it on page 1
- 04Pachislot and pachinko revenue experienced a notable 26.8% year-over-year increase, reaching ¥1.79 billion.See it on page 1
- 05The company improved its liquidity position as current liabilities dropped to ¥5.1 billion, while shareholders’ equity increased to ¥99.7 billion.See it on page 2
- 06Amusement facilities and real-estate segments saw minor declines of 1.9% and 5.6% respectively, while the 'Other' segment grew by 169% to ¥137 million.See it on page 1
- 07Total assets contracted slightly from ¥110.9 billion to ¥108.5 billion, despite an increase in cash and marketable securities.See it on page 2
Summary
Financial highlights for KOEI TECMO Holdings’ third quarter of fiscal 2016 reveal a robust revenue surge, with net sales rising to ¥38.3 billion from ¥22.5 billion in the same period of fiscal 2015, a 7.3 % increase that aligns with the company’s forecast of 9.6 %. Gross profit doubled to ¥18.9 billion, while operating income climbed to ¥11.1 billion, a 11.1 % rise from the prior year’s ¥3.9 billion, reflecting improved profitability across key segments. Net income reached ¥10.9 billion, up 12.3 % from ¥6.8 billion, supporting a forecasted net income of ¥11 billion.
Segment analysis shows entertainment sales leading at ¥34.7 billion, up 6.3 % year‑over‑year, and a notable 26.8 % jump in pachislot & pachinko revenue to ¥1.79 billion. Amusement facilities and real‑estate sales experienced modest declines of 1.9 % and 5.6 %, respectively, while the “Other” segment posted a sharp 169 % increase to ¥137 million. Operating income mirrored these trends, with entertainment contributing ¥10.4 billion and other segments delivering significant gains.
Balance‑sheet data indicate a slight contraction in total assets from ¥110.9 billion to ¥108.5 billion, driven by reduced current assets and a modest rise in fixed‑asset investments. Current liabilities fell sharply to ¥5.1 billion, improving liquidity, while shareholders’ equity increased to ¥99.7 billion. The company’s cash and marketable securities rose, supporting a stronger liquidity position as it approaches the fiscal year end.
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