ReportKoei Tecmo
Financial Highlights: 3rd Quarter of the Fiscal Year Ending March 2021
2 pages~3 min full read
Key insights
7 takeaways · ~3 min read- 01Koei Tecmo Holdings reported significant Q3 FY2020 growth, with net sales rising 64.7% to ¥42.6 billion and net income surging 128.5% to ¥15.3 billion compared to the same period in FY2019.See it on page 1
- 02The entertainment segment was the primary growth driver, accounting for 71.9% of total sales and achieving a 229.4% increase in operating income.See it on page 1
- 03Full-year forecasts for FY2020 project strong annual performance, with expected sales of ¥56 billion and operating income of ¥22 billion, representing year-on-year increases of 31.3% and 56.0%, respectively.See it on page 1
- 04Total assets grew to ¥186.5 billion, fueled primarily by a substantial increase in investment securities from ¥71.4 billion to ¥113.9 billion.See it on page 2
- 05Shareholders’ equity reached ¥143.9 billion by the end of the third quarter, supported by retained earnings of ¥103.2 billion and a reduction in treasury stock.See it on page 1
- 06While the entertainment segment thrived, the company's amusement and real-estate segments experienced only modest gains or declines during the period.See it on page 1
- 07Long-term liabilities increased to ¥5.1 billion, a shift driven largely by the accumulation of deferred tax obligations.See it on page 2
Summary
Koei Tecmo Holdings reported a robust third‑quarter performance for fiscal year 2020, with net sales rising 64.7 % to ¥42.6 billion from ¥26.7 billion in the same period of FY2019, and net income increasing 128.5 % to ¥15.3 billion. The entertainment segment drove growth, contributing 71.9 % of sales and delivering a 229.4 % increase in operating income, while amusement and real‑estate segments showed modest gains or declines. Forecasts for the full year projected sales of ¥56 billion and operating income of ¥22 billion, reflecting a 31.3 % and 56.0 % year‑on‑year increase, respectively.
On the balance‑sheet side, total assets expanded from ¥147.8 billion to ¥186.5 billion, largely due to a jump in investment securities from ¥71.4 billion to ¥113.9 billion and a rise in property, plant, and equipment to ¥155.8 billion. Current assets grew modestly, while current liabilities increased slightly, driven by higher short‑term loans and accounts payable. Long‑term liabilities surged to ¥5.1 billion, largely from deferred tax obligations. Shareholders’ equity rose to ¥143.9 billion, supported by retained earnings of ¥103.2 billion and a reduction in treasury stock.
The figures cover Japan‑based operations for the fiscal year ending March 31, 2020, with quarterly results compared to FY2019 and full‑year forecasts. Data derive from consolidated financial statements prepared under Japanese GAAP, reflecting a comprehensive view of the company’s operating performance and liquidity position.
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