Financial

Financial Highlights for the 1st Quarter of the Fiscal Year Ending March 2021 (FY2020)

1 January 20202 pages686 words

Summary

Koei Tecmo Holdings reported significant financial growth for the first quarter of the fiscal year ending March 2021, characterized by a substantial increase in profitability and revenue compared to the same period in the previous year. Net sales rose by 57.2% to 11,363 million yen, while operating income experienced a dramatic surge of 358.6%, reaching 4,387 million yen. Net income for the quarter nearly tripled, climbing 199.8% to 6,628 million yen. This performance indicates a strong start to the fiscal year, driven primarily by the core entertainment segment. The entertainment division served as the primary engine for growth, with sales increasing 68.2% to 10,742 million yen and operating income rising 484.7% to 4,315 million yen. In contrast, the amusement segment faced challenges, with sales declining 22.4% and operating income dropping 89.1% year-over-year. The real estate segment remained stable with modest growth in both revenue and profit. These results highlight a heavy reliance on digital entertainment products to offset weaknesses in location-based amusement businesses during this period. The consolidated balance sheet as of June 30, 2020, shows a healthy financial position with total assets increasing to 152,500 million yen. A notable data point is the significant rise in investment securities, which grew from 71,350 million yen to 80,225 million yen over the three-month period. Total net assets also improved to 128,181 million yen, supported by a recovery in unrealized gains on securities. The company maintained a strong liquidity position with 16,228 million yen in cash and time deposits, providing a stable foundation for continued operations and investment.

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