FinancialKoei Tecmo
Financial Highlights for the 1st Half of the Fiscal Year Ending March 2020 (FY2019)
1 Jan 20192 pages~3 min full read
Koei Tecmo reported a 4.8% decline in net sales to 16.56 billion yen and a 26.6% drop in operating income to 3.44 billion yen for the first half of FY2019 ending September 30, 2019.
See it on page 1The entertainment segment, the company's primary revenue driver, saw sales fall 5.0% year-over-year to 14.87 billion yen.
See it on page 1Despite the first-half downturn, the company projects a 10.3% increase in full-year net sales to 43.0 billion yen.
See it on page 1The company maintains a strong financial position with 125.75 billion yen in total assets and 118.67 billion yen in shareholders' equity.
See it on page 2Investment securities represent a significant portion of the company's asset base, valued at 74.4 billion yen.
See it on page 2Full-year net income is forecasted to decline by 5.1% to 13.0 billion yen, despite the anticipated recovery in top-line sales volume.
See it on page 1Koei Tecmo Holdings reported a moderate decline in financial performance for the first half of the fiscal year ending March 2020. During the six-month period concluding September 30, 2019, net sales reached 16.56 billion yen, representing a 4.8% decrease compared to the same period in the previous year. Operating income saw a more significant contraction, falling 26.6% to 3.44 billion yen, while net income declined by 5.7% to 5.93 billion yen.
The entertainment segment remains the primary driver of the company’s business, accounting for 14.87 billion yen in sales, though it experienced a 5.0% year-over-year decrease. Other business units, including amusement and real estate, also reported lower sales and operating income. Despite the downward trend in the first half, the full-year forecast remains optimistic regarding top-line growth, projecting total net sales of 43.0 billion yen, which would constitute a 10.3% increase over the prior full fiscal year. However, full-year net income is expected to decrease by 5.1% to 13.0 billion yen.
The consolidated balance sheet indicates a strong asset position, with total assets valued at 125.75 billion yen. A substantial portion of the company’s value is held in fixed assets, specifically 74.4 billion yen in investment securities. Shareholders' equity remains robust at 118.67 billion yen, contributing to a total net asset value of 118.12 billion yen. The data reflects a period of transition where short-term earnings have softened, yet the company maintains a stable capital base and anticipates a recovery in sales volume by the end of the fiscal year.
