Updated Mar 23, 2026 by Koei Tecmo
Report
Published by Koei Tecmo
Financial highlights for the first quarter of fiscal year ending March 2022 show a robust 80.6 % increase in net sales to ¥60,370 million from ¥20,520 million the prior year. Gross profit rose 97.1 % to ¥39,071 million, while operating income surged 121.5 % to ¥24,397 million and net income climbed 101.9 % to ¥29,550 million. Forecasts for the full year indicate a modest 7.7 % rise in net sales to ¥65,000 million and a slight decline of 10.3 % in net income to ¥26,500 million. Segment analysis reveals entertainment sales as the dominant driver, contributing ¥56,808 million in net sales (82.9 % YoY growth) and ¥23,974 million in operating income (123.4 % YoY). Amusement sales grew 19.5 % in net sales and 188.2 % in operating income, while real‑estate revenue increased 45.1 % but operating income fell 65.2 %. Other segments showed mixed performance, with a 120 % rise in net sales but a decline in operating income. Balance‑sheet activity shows current assets rising to ¥42,361 million from ¥33,739 million, driven by a jump in marketable securities to ¥14,109 million. Current liabilities increased to ¥23,446 million, largely due to short‑term loan payable of ¥9,500 million. Shareholders’ equity remained stable at approximately ¥151 million million, with retained earnings slightly lower. Overall liquidity improved, and the company maintained a solid asset base of ¥190 842 million as of June 30, 2021.
KOEI TECMO HOLDINGS CO., LTD. Financial Highlights for the 1st Quarter of the Fiscal Year Ending March 2022 (FY2021) Summary of Consolidated Statements of Income (millions of Yen) FY2020 FY2021 1st Full Year 1st YoY Full Year YoY Quarter Results Quarter change Forecast change Results Results ratio ratio Net Sales 11,363 60,370 20,520 80.6% 65,000 7.7% Gross Profit 6,804 39,071 13,414 97.1% ‑ ‑ Operating Income 4,387 24,397 9,718 121.5% 24,500 0.4% Income before income tax 8,957 39,299 18,408 105.5% 36,500 ‑7.1% Net Income 6,628 29,550 13,381 101.9% 26,500 ‑10.3% Net Sales by Segment FY2020 FY2021 1st Full Year 1st YoY Full Year YoY Quarter Results Quarter change Forecast change Results Results ratio ratio Entertainment 10,742 56,808 19,648 82.9% 60,575 6.6% Amusment 523 2,977 625 19.5% 3,400 14.2% Real Estate 164 789 238 45.1% 775 ‑1.8% Other 40 240 88 120.0% 380 58.3% Corporate & Elimination △ 107 △ 445 △ 80 ‑ △ 130 ‑ Total 11,363 60,370 20,520 80.6% 65,000 7.7% Operating Income by Segment FY2020 FY2021 1st Full Year 1st YoY Full Year YoY Quarter Results Quarter change Forecast change Results Results ratio ratio Entertainment 4,315 23,974 9,638 123.4% 23,615 ‑1.5% Amusment 17 368 49 188.2% 730 98.4% Real Estate 66 99 23 ‑65.2% 25 ‑74.7% Other △ 12 △ 44 7 ‑ 130 ‑ Corporate & Elimination ‑ 0 0 ‑ 0 ‑ Total 4,387 24,397 9,718 121.5% 24,500 0.4%
Consolidated Balance Sheets (millions of Yen) Prior Fiscal Year Current Fiscal Year (as of March 31, 2021) (as of June 30, 2021) Assets Current Assets Cash and time deposits 11,995 9,296 Notes and accounts receivable 11,253 - Notes, accounts receivable and contract assets ‑ 13,398 Marketable securities 5,238 14,109 Merchandise and Finished goods 161 124 Work in process 113 1 Raw materials 70 114 Other current assets 4,916 5,324 Allowance for bad debts △9 △9 Total current assets 33,739 42,361 Fixed assets Property and equipment Buildings and structures, net 24,409 24,625 Land 14,930 15,194 Construction in progress 42 - Other, net 1,399 1,445 Total Property and equipment 40,781 41,265 Intangible assets Other 240 226 Total Intangible assets 240 226 Investments and other assets Investment securities 113,176 104,168 Deferred tax assets 212 187 Net defined benefit assets 1,228 1,333 Other 1,291 1,301 Total investments and other assets 115,909 106,989 Total fixed assets 156,931 148,481 Total assets 190,671 190,842 (millions of Yen) Prior Fiscal Year Current Fiscal Year (as of March 31, 2021) (as of June 30, 2021) Liabilities Current liabilities Notes and accounts payable‑trade 300 863 Short‑term loans payable ‑ 9,500 Accounts payable‑ other 5,388 2,988 Income taxes payable 6,332 3,812 Accrued bonuses to employees 1,633 801 Accrued bonuses to directors 318 97 Allowance for sales returns 0 ‑ Allowance for sales discount 117 ‑ Allowance for customer‑discount points 0 ‑ Allowance for
hort‑term loans payable ‑ 9,500 Accounts payable‑ other 5,388 2,988 Income taxes payable 6,332 3,812 Accrued bonuses to employees 1,633 801 Accrued bonuses to directors 318 97 Allowance for sales returns 0 ‑ Allowance for sales discount 117 ‑ Allowance for customer‑discount points 0 ‑ Allowance for loss on order received 35 - Other current liabilities 6,894 5,383 Total current liabilities 21,022 23,446 Long‑term liabilities Deferred tax liabilities 3,808 4,004 Other current liabilities 710 704 Total long‑term liabilities 4,519 4,708 Total liabilities 25,541 28,155 Net assets Shareholders' equity Common stock 15,000 15,000 Capital surplus 27,833 27,926 Retained earnings 110,529 108,983 Treasury stock △1,364 △1,368 Total shareholders' equity 151,999 150,541 Accumulated other comprehensive income Unrealized gains or losses on securities 14,596 13,483 Unrealized losses on revaluation of the land △3,115 △3,115 Foreign currency translation adjustments 1,174 1,275 Remeasurements of defined benefit plans 171 163 Total accumulated other comprehensive income 12,827 11,807 Share subscription rights 303 338 Total net assets 165,129 162,687 Total liabilities and net assets 190,671 190,842
The Square Enix Group operates under a central mission to leverage boundless imagination to create new content that resonates with global audiences and enriches daily lives. This strategic framework emphasizes the delivery of unforgettable experiences through a commitment to innovation, swift action, and collaborative evolution. By focusing on the transformation of creative energy into immersive worlds, the organization aims to maintain its position as a premier provider of entertainment while upholding core values of integrity and continuous improvement. Operational reviews and financial highlights indicate a multifaceted approach to the entertainment industry, spanning digital entertainment, amusement, and publication segments. The organizational structure is designed to support long-term stakeholder value by integrating environmental, social, and governance (ESG) principles into the core business model. This commitment to sustainability and corporate responsibility is presented as a fundamental component of the group’s identity, ensuring that creative pursuits are balanced with ethical operations and transparent governance. The scope of these activities is global, reflecting a history of expansion and a diverse portfolio of intellectual properties. Executive leadership focuses on navigating the evolving landscape of the gaming and media sectors by embracing challenges and fostering a culture of excellence. Through a combination of historical expertise and a forward-looking strategy, the group seeks to sustain its competitive edge and drive growth across all primary business units, ensuring that its creative output remains a significant force in the international market.
Konami Group Corporation achieved record-breaking financial performance for the fiscal year ending March 31, 2025, characterized by a 17.0% year-on-year revenue increase to ¥421,602 million. This growth trajectory, which marks the second consecutive year of record highs across all profit categories, was primarily propelled by the Digital Entertainment segment. A 22.5% surge in revenue within this division, fueled by the robust performance of key console and mobile titles, solidified its position as the company’s primary financial engine. Operating profit reached ¥101,944 million, reflecting the efficacy of the current business strategy and operational scaling. Diversified growth was evident across other core divisions, with the Gaming & Systems segment recording a 7.4% revenue increase and the Amusement segment growing by 4.6%. Although the Sports segment faced a minor contraction in business profit, the company maintained a resilient financial foundation, concluding the period with ¥294,216 million in cash and cash equivalents. This stability has enabled a shareholder-friendly capital allocation policy, resulting in an increased annual dividend of ¥165.50 per share. Looking toward the fiscal year ending March 31, 2026, the organization maintains a positive outlook, projecting continued expansion. Strategic initiatives for the coming year include the launch of new game titles, the enhancement of casino management system features, and the further scaling of the Pilates Mirror and outsourced sports facility operations. With a dividend increase to ¥166.00 per share already projected, the company remains focused on leveraging its diversified portfolio to sustain long-term profitability and market leadership.
Thunderful Group’s interim report for the first quarter of 2024 details a period of significant financial decline and aggressive corporate restructuring. Net revenue fell 27.7 percent to 391.7 MSEK, while the group recorded an operating loss (EBIT) of 184.4 MSEK, a sharp reversal from the 19.2 MSEK profit reported in the same period the previous year. This downturn was driven by a 35.5 percent revenue drop in the Games segment and a 25.7 percent decrease in Distribution, largely due to weaker market demand for Nintendo Switch products and the underperformance of the internal title SteamWorld Build. To address these challenges, the group initiated a restructuring program aimed at annual cost savings of 90–110 MSEK. This process involved a 72.4 MSEK write-down of capitalized development costs following the cancellation or divestment of twelve game projects. Strategic shifts include the divestment of the German publishing subsidiary Headup GmbH and the sale of Nordic Game Supply’s assets to reduce net debt. Despite these pressures, the group successfully extended its Nintendo distribution agreement for the Nordics and Baltics through March 2026 and reported 13.9 percent growth in its Amo Toys division. The report covers the group’s global operations with a focus on European and Nordic markets for the period of January to March 2024. Financial data indicates a strained liquidity position, with cash and credit facilities dropping to 130.9 MSEK from 329.3 MSEK year-over-year. Management secured a bank waiver conditional on asset divestments and maintains that current funds are sufficient for continued operations. The overarching strategy moving forward emphasizes a simplified games portfolio, more rigorous project validation, and a balanced risk profile across internal and external development.
Bandai Namco’s 2022 integrated report presents a unified growth strategy anchored in the “Fun for All into the Future” purpose, emphasizing an “IP‑axis” model that leverages more than 300 intellectual properties each year across entertainment, toys & hobby, and amusement businesses. The strategy seeks to fuse digital and physical experiences, expand metaverse ecosystems, and deepen global fan engagement, with a particular focus on flagship IPs such as Gundam, Dragon Ball, and Pac‑Man. Financial performance in fiscal 2022 demonstrated the resilience of this model: consolidated net sales reached ¥889.2 billion, operating profit ¥100 billion (a 14.1 % margin), and return on equity 16.9 %, surpassing pre‑COVID levels. Over the past six years, net sales grew from ¥620 billion in FY 2017 to ¥889 billion, assets rose to ¥584 billion, and basic earnings per share more than doubled. The mid‑term plan for FY 2022‑2025 targets ¥1.1 trillion in sales, ¥125 billion in operating profit, a ROE of at least 12 %, and an overseas‑sales share climbing from 29.7 % to 35 % by FY 2025, eventually reaching 50 %. Risk management acknowledges pandemic‑related disruptions, supply‑chain pressures, IP infringement, and cyber threats, while identifying digitalisation, online‑event platforms, and metaverse expansion as key growth levers. Sustainability is embedded as a core pillar, with CO₂ emissions falling 10.6 % to 52,016 t in FY 2022 and a 35 % reduction target by 2030, supported