Updated Jun 25, 2026 by Koei Tecmo
Koei Tecmo Holdings reported net sales of ¥38.97 billion for the first half of FY2019, exceeding the ¥43 billion forecast by 10.3% despite a 4.8% decline compared to the previous year.
Operating income fell 26.6% year-over-year to ¥12.09 billion, while net income decreased 5.7% to ¥13.69 billion, both falling slightly short of their respective forecasts.
The entertainment segment, the company's primary driver, generated ¥35.12 billion in sales—an 11.2% increase over forecasts—and achieved an operating income of ¥11.08 billion.
Total assets decreased to ¥125.75 billion as of September 30, 2019, driven by reductions in current assets and fixed-asset write-downs.
Liquidity improved as current liabilities dropped significantly from ¥8.96 billion in the prior year to ¥6.39 billion.
Shareholders' equity remained stable at ¥118.67 billion, though retained earnings saw a slight decline compared to the same period in the previous fiscal year.
While the amusement and real-estate segments outperformed sales forecasts, the company experienced broad margin compression and a 48% drop in operating income within the 'Other' segment.
Koei Tecmo Holdings reported net sales of ¥38.97 billion for the first half of FY2019, exceeding the ¥43 billion forecast by 10.3% despite a 4.8% decline compared to the previous year.
Operating income fell 26.6% year-over-year to ¥12.09 billion, while net income decreased 5.7% to ¥13.69 billion, both falling slightly short of their respective forecasts.
The entertainment segment, the company's primary driver, generated ¥35.12 billion in sales—an 11.2% increase over forecasts—and achieved an operating income of ¥11.08 billion.
Total assets decreased to ¥125.75 billion as of September 30, 2019, driven by reductions in current assets and fixed-asset write-downs.
Liquidity improved as current liabilities dropped significantly from ¥8.96 billion in the prior year to ¥6.39 billion.
Shareholders' equity remained stable at ¥118.67 billion, though retained earnings saw a slight decline compared to the same period in the previous fiscal year.
While the amusement and real-estate segments outperformed sales forecasts, the company experienced broad margin compression and a 48% drop in operating income within the 'Other' segment.