Financial Highlights: Fiscal Year Ending March 2021

Key insights

7 takeaways · ~3 min read

01
KOEI TECMO HOLDINGS achieved significant growth in FY2020, with net sales rising 41.6% to ¥60,370 million and net income nearly doubling by 93.1% to ¥29,550 million.See it on page 1
02
The entertainment segment served as the primary revenue driver, growing 45.3% to reach ¥56,808 million in FY2020.See it on page 1
03
Operating income surged 73.0% to ¥24,397 million, while gross profit saw a substantial increase of 73.2% during the same period.See it on page 1
04
The company’s balance sheet strengthened significantly as total assets grew to ¥190,671 million, largely fueled by an increase in investment securities from ¥71,350 million to ¥113,176 million.See it on page 2
05
Liquidity improved as current assets rose 12.5% to ¥33,739 million while current liabilities decreased by 12.8% to ¥21,022 million.See it on page 2
06
Shareholders’ equity increased 18.8% to ¥151,999 million, supported by growth in retained earnings and a reduction in treasury stock.See it on page 2
07
Forward guidance for FY2021 projects a more conservative growth trajectory, with anticipated sales of ¥65,000 million and operating income of ¥24,500 million.See it on page 1

Summary

Financial highlights for the fiscal year ending March 2021 show a robust expansion of KOEI TECMO HOLDINGS’ revenue and profitability. Net sales rose 41.6 % from ¥42,645 million in FY2019 to ¥60,370 million in FY2020, driven mainly by the entertainment segment which grew 45.3 % to ¥56,808 million. Gross profit increased 73.2 %, operating income surged 73.0 % to ¥24,397 million, and net income nearly doubled, rising 93.1 % to ¥29,550 million. Forecasts for FY2021 anticipate a modest 7.7 % sales increase to ¥65,000 million and a slight operating income rise of 0.4 % to ¥24,500 million.

The balance sheet reflects significant asset growth: total assets expanded from ¥147,793 million to ¥190,671 million, largely due to a jump in investment securities from ¥71,350 million to ¥113,176 million and an increase in net defined benefit assets. Current assets grew 12.5 % to ¥33,739 million, while current liabilities fell 12.8 % to ¥21,022 million, improving liquidity. Shareholders’ equity rose 18.8 % to ¥151,999 million, supported by retained earnings growth and a reduction in treasury stock.

Geographically the company operates primarily within Japan, with revenue streams concentrated in entertainment and amusement. The period covered is FY2019 through FY2020, with forward guidance for FY2021. Data derive from consolidated financial statements prepared under Japanese GAAP, reflecting a comprehensive view of operating performance and balance sheet strength.