Key insights
9 slides
Top line
Net sales fell 10.9% in Q1 FY2019 versus the prior year.
Net sales totaled ¥38.97 billion, below the company's forecast of ¥43 billion. The decline was driven by the entertainment segment.
Profitability
Operating income fell 58.3% to ¥12.09 billion in the quarter.
Net income decreased by 22.1% to ¥13.69 billion. Both figures were below the company's forecasts for the quarter.
Page 1 of the report¥12.09 billion
Q1 FY2019 operating income
- Forecast
- ¥12 billion
Entertainment
Entertainment sales dropped 13.4% to ¥35.12 billion in Q1 FY2019.
The core entertainment segment drove the overall decline in net sales. Sales fell compared to the same period in FY2018.
Other segments
Amusement revenue rose 26.9% to ¥3.16 billion in Q1 FY2019.
Real-estate sales grew by 25.1%, though operating income in that segment fell.
Amusement growth. Amusement revenue provided a bright spot with a 26.9% increase to ¥3.16 billion.
Assets
Total assets contracted from ¥129.19 billion to ¥123.08 billion.
Current assets fell from ¥19.77 billion in March 2019 to ¥14.82 billion by June 30, 2019. The reduction was largely due to lower cash and receivables.
Asset contraction. Total assets for the company contracted from ¥129.19 billion in March 2019 to ¥123.08 billion by the end of the first quarter.
Liabilities
Total liabilities decreased from ¥9.91 billion to ¥8.65 billion.
The decrease in liabilities improved the company's equity-to-asset ratio. Shareholders' equity fell from ¥119.20 billion to ¥114.57 billion during the same period.
Debt reduction. Total liabilities decreased from ¥9.91 billion to ¥8.65 billion by June 30, 2019.
Equity
Shareholders' equity fell from ¥119.20 billion to ¥114.57 billion.
The decline was driven by lower retained earnings and a modest increase in treasury stock. The equity-to-asset ratio improved despite the sales decline.
Coverage
The report covers FY2018 to FY2019 with a Japan-centric focus.
Geographic coverage is Japan-centric, with no international revenue breakdown provided. The data spans quarterly and full-year metrics across four segments.
Outlook
Entertainment weakness offset by amusement and real-estate growth.
The core entertainment segment drove the overall decline, while amusement and real-estate segments grew.
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Summary
Financial highlights for KOEI TECMO HOLDINGS CO., LTD. cover the fiscal year ending March 2020, with a focus on first‑quarter performance and full‑year comparisons to FY2018. Net sales fell 10.9 % in the first quarter of FY2019 versus the same period in FY2018, totaling ¥38.97 billion against a forecast of ¥43 billion (+10.3 %). Segment analysis shows entertainment sales declined 13.4 % to ¥35.12 billion, while amusement revenue rose 26.9 % to ¥3.16 billion; real‑estate and other segments also experienced mixed movements, with real‑estate sales up 25.1 % but operating income down 47.9 %. Operating income for the quarter dropped 58.3 % to ¥12.09 billion, below the forecast of ¥12 billion (-0.8 %). Net income fell 22.1 % to ¥13.69 billion, versus a forecast of ¥13 billion (-5.1 %).
Balance‑sheet data as of June 30, 2019 show current assets at ¥14.82 billion, down from ¥19.77 billion in March 2019, largely due to reductions in cash and receivables. Total assets declined from ¥129.19 billion to ¥123.08 billion, while liabilities decreased from ¥9.91 billion to ¥8.65 billion, improving the equity‑to‑asset ratio. Shareholders’ equity fell from ¥119.20 billion to ¥114.57 billion, driven by lower retained earnings and a modest increase in treasury stock.
The report relies on consolidated financial statements, comparing quarterly results to the prior year and to management forecasts. Geographic coverage is Japan‑centric, with no international revenue breakdown provided. The data period spans FY2018 to FY2019, focusing on quarterly and full‑year metrics across entertainment, amusement, real‑estate, and other segments.
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