FinancialKoei Tecmo
Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2021
6 pages~6 min full read
Koei Tecmo Holdings reported strong nine-month growth ending December 31, 2021, with net sales rising 25.9% to ¥55,327 million and operating profit increasing 40.1% to ¥27,127 million.
See it on page 1Profit attributable to the parent grew by 27.4% to ¥28,293 million, resulting in earnings per share of ¥170.20 compared to ¥134.35 in the same period of 2020.
See it on page 1The company projects a strong finish to the fiscal year ending March 31, 2022, forecasting net sales of ¥71,000 million and an operating profit of ¥31,500 million.
See it on page 1Total assets expanded significantly to ¥252,563 million, supported by a substantial increase in cash and deposits from ¥11,995 million to ¥31,489 million.
See it on page 3Total liabilities rose from ¥25,541 million to ¥74,484 million, primarily driven by a surge in convertible bonds and other long-term obligations.
See it on page 4Management signaled confidence in continued profitability by projecting an annual dividend of ¥98 per share.
See it on page 1The nine‑month period from April 1 to December 31, 2021 shows a strong rebound for Koei Tecmo Holdings. Net sales rose to ¥55,327 million from ¥43,949 million in the same period a year earlier, reflecting a 25.9 % increase and an absolute lift of ¥11,378 million. Operating profit climbed to ¥27,127 million, up 40.1 % from ¥19,367 million, while ordinary profit reached ¥38,761 million, a 29.7 % rise. Profit attributable to the parent grew to ¥28,293 million, a 27.4 % increase, and earnings per share rose to ¥170.20 (diluted ¥168.95) versus ¥134.35 (¥133.62) in 2020.
Total assets expanded to ¥252,563 million from ¥190,671 million, driven largely by a jump in current assets and investment securities. Net assets increased to ¥178,079 million, with the equity ratio improving from 86.4 % to 70.4 %. The company’s liquidity strengthened, as cash and deposits grew from ¥11,995 million to ¥31,489 million. Non‑current liabilities surged due to a significant increase in convertible bonds and other long‑term obligations, raising total liabilities from ¥25,541 million to ¥74,484 million.
The forecast for the full fiscal year ending March 31, 2022 projects net sales of ¥71,000 million (up 17.6 %) and operating profit of ¥31,500 million (up 29.1 %). The company expects a dividend of ¥98 per share for the year, reflecting confidence in continued profitability. No changes in significant subsidiaries or accounting policies were reported during the period, and the company maintained a stable share structure with 168 million issued shares.
