FinancialKoei Tecmo
Financial Highlights for the 1st Quarter of the Fiscal Year Ending March 2022 (FY2021)
1 Jan 20222 pages~4 min full read
Koei Tecmo Holdings experienced rapid Q1 growth for FY2021, with net sales rising 80.6% to 20.52 billion yen and net income doubling to 13.38 billion yen.
Operating income surged 121.5% to 9.72 billion yen, driven primarily by the entertainment segment, which generated 19.65 billion yen in sales.
Despite the strong quarterly performance, the company maintains a conservative full-year forecast, projecting a slight decline in net income compared to the previous fiscal year.
The company maintains a stable financial position with total assets of 190.84 billion yen, including 104.17 billion yen held in long-term investment securities.
Current assets increased to 42.36 billion yen as of June 30, 2021, supported by growth in marketable securities and receivables.
Secondary business segments, including amusement and real estate, contributed to the overall positive financial trend alongside the dominant entertainment division.
Koei Tecmo Holdings reported significant growth in its financial results for the first quarter of the fiscal year ending March 2022. The primary thesis of the data indicates a period of rapid expansion, with net sales reaching 20.52 billion yen, an 80.6% increase compared to the same period in the previous year. This growth was mirrored in profitability, as operating income surged by 121.5% to 9.72 billion yen, and net income doubled to 13.38 billion yen.
The entertainment segment remains the dominant driver of the company’s performance, accounting for 19.65 billion yen in sales and 9.64 billion yen in operating income. Other segments, including amusement and real estate, showed more modest contributions but generally trended upward in revenue. Geographically, the results reflect the consolidated global operations of the Japanese firm, covering the three-month period ending June 30, 2021.
The balance sheet reveals a stable financial position with total assets valued at 190.84 billion yen. While current assets increased to 42.36 billion yen, driven by higher marketable securities and receivables, investment securities remained a substantial component of the company's long-term assets at 104.17 billion yen. Despite the strong quarterly performance, the full-year forecast remains conservative, projecting a slight decline in net income and income before taxes compared to the previous fiscal year's total results, suggesting an anticipation of normalizing growth rates or increased costs in the coming quarters.
