FinancialKoei Tecmo
Financial Highlights for the 3rd Quarter of the Fiscal Year Ending March 2019 (FY2018)
1 Jan 20182 pages~4 min full read
Koei Tecmo reported strong Q3 FY2018 growth with net sales rising 11.5% to 26.8 billion yen and operating income increasing 24.9% to 7.1 billion yen.
See it on page 1The core Entertainment segment remains the primary revenue driver, contributing 23.9 billion yen in sales and 6.3 billion yen in operating income.
See it on page 1The Pachislot & Pachinko segment experienced significant expansion, with sales growing 74.4% and operating income nearly doubling year-over-year.
See it on page 1Net income growth was modest at 2.5%, totaling 8.47 billion yen, due to the impact of non-operating factors and market fluctuations.
See it on page 1The company maintains a positive full-year outlook, projecting 41 billion yen in net sales and 12 billion yen in operating income.
See it on page 1As of December 31, 2018, total assets decreased to 116.2 billion yen from 128.6 billion yen, primarily due to reductions in investment securities and accounts receivable.
See it on page 2While Amusement Facilities and Real Estate saw slight revenue declines, the Amusement Facilities division successfully returned to profitability during the period.
See it on page 1Koei 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.
