FinancialKoei Tecmo
Financial Highlights for the 2nd Quarter of the Fiscal Year Ending March 2021 (FY2020)
1 Jan 20202 pages~3 min full read
Koei Tecmo Holdings achieved strong Q2 growth for FY2020, with net sales rising 39.7% to 23.1 billion yen and operating income surging 145.6% to 8.4 billion yen.
See it on page 1The Entertainment segment was the primary growth driver, posting a 45.8% increase in sales and a 176.3% jump in operating income.
See it on page 1The Amusement segment underperformed significantly, with sales declining 13.8% and operating income dropping 88.8% year-over-year.
See it on page 1The company's full-year outlook remains positive, with projected net sales of 51 billion yen (a 19.6% increase) and net income of 18 billion yen (a 17.6% increase).
See it on page 1Total assets grew to 160.4 billion yen by September 30, 2020, largely due to an increase in investment securities from 71.4 billion yen to 87.4 billion yen.
See it on page 2Net assets reached 137.5 billion yen, bolstered by higher retained earnings and a recovery in unrealized gains on securities to a 7.5 billion yen surplus.
See it on page 2Koei Tecmo Holdings reported significant financial growth for the second 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 39.7% to 23.1 billion yen, while operating income surged by 145.6% to 8.4 billion yen. This performance was driven primarily by the Entertainment segment, which saw a 45.8% increase in sales and a 176.3% jump in operating income. In contrast, the Amusement segment experienced a decline, with sales falling 13.8% and operating income dropping 88.8% year-over-year.
The consolidated balance sheet as of September 30, 2020, shows total assets increasing to 160.4 billion yen, up from 147.8 billion yen at the end of the prior fiscal year. This growth was largely fueled by a rise in investment securities, which climbed from 71.4 billion yen to 87.4 billion yen. Net assets also saw a healthy increase to 137.5 billion yen, supported by higher retained earnings and a significant recovery in unrealized gains on securities, which moved from a negative position to a surplus of 7.5 billion yen.
Based on these mid-year results, the full-year forecast for fiscal year 2020 anticipates continued growth. Net sales are projected to reach 51 billion yen, representing a 19.6% increase over the previous full year, while net income is expected to rise by 17.6% to 18 billion yen. These projections suggest a positive outlook for the remainder of the fiscal year, anchored by the strong momentum in the core entertainment and software business.
