FinancialKoei Tecmo
Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2021 (Based on Japanese GAAP)
1 Jan 20226 pages~7 min full read
Koei Tecmo Holdings achieved significant growth for the nine months ending December 31, 2021, with net sales rising 25.9% to 55.3 billion yen and operating profit increasing 40.1% to 27.1 billion yen.
Profit attributable to owners of the parent grew 27.4% year-on-year to 28.2 billion yen, supported by a 29.7% increase in ordinary profit to 38.7 billion yen.
Total assets expanded from 190.6 billion yen in March 2021 to 252.5 billion yen by December 31, 2021, driven by increased cash holdings and securities.
The company maintained a strong financial position with a 70.4% equity ratio and an increase in net assets per share to 1,067.91 yen, despite issuing 48 billion yen in convertible bonds.
Non-operating activities significantly impacted the bottom line, including 15.1 billion yen in gains from the sale of investment securities offset by 11.1 billion yen in expenses, which included a 6.3 billion yen derivative valuation loss.
Management maintains a positive outlook for the fiscal year ending March 31, 2022, forecasting 71 billion yen in net sales and 32 billion yen in profit.
Koei Tecmo Holdings Co., Ltd. reported significant growth in its consolidated financial results for the nine-month period ending December 31, 2021. The findings demonstrate a strong upward trend in profitability and scale, with net sales reaching 55.3 billion yen, a 25.9% increase over the same period in the previous year. Operating profit rose by 40.1% to 27.1 billion yen, while ordinary profit climbed 29.7% to 38.7 billion yen. Profit attributable to owners of the parent reached 28.2 billion yen, representing a 27.4% year-on-year increase.
The financial position of the company expanded considerably during this timeframe. Total assets grew from 190.6 billion yen at the end of March 2021 to 252.5 billion yen by December 31, 2021. This growth was supported by a substantial increase in current assets, particularly in securities and cash holdings. On the liabilities side, the company issued over 48 billion yen in convertible-bond-type bonds with share acquisition rights. Despite the increase in total liabilities, the equity ratio remained robust at 70.4%, and net assets per share increased to 1,067.91 yen.
Non-operating activities contributed heavily to the bottom line, characterized by 15.1 billion yen in gains from the sale of investment securities. However, these were partially offset by 11.1 billion yen in non-operating expenses, including a 6.3 billion yen loss on the valuation of derivatives. Looking forward, the company maintains a positive full-year forecast for the fiscal year ending March 31, 2022, projecting net sales of 71 billion yen and a profit of 32 billion yen. The results were prepared in accordance with Japanese GAAP and reflect the company's performance across its global entertainment and investment operations.
