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Financial
Consolidated Financial Results for the Year Ended March 31, 2023
Koei Tecmo Holdings demonstrated robust operational growth during the fiscal year ended March 31, 2023, characterized by a 7.8% increase in net sales to ¥78,417 million and a 13.3% rise in operating profit to ¥39,133 million. This performance reflects a strengthening of core business activities despite a broader decline in net income. Profit attributable to owners fell by 12.5% to ¥30,935 million, a downturn primarily driven by non-operating factors, including a significant reduction in gains from investment securities and a ¥13,976 million loss on the redemption of securities. The financial position remains resilient with total net assets increasing to ¥142.7 billion and a capital adequacy ratio of 67.3%. Cash flow dynamics shifted significantly during the period, resulting in a net decrease in cash and cash equivalents of ¥7,959 million. While operating activities generated a healthy inflow of ¥29.7 billion, this was offset by substantial financing and investing outflows. Notable expenditures included ¥81.7 billion in investment security purchases, ¥28,000 million in short-term borrowing repayments, and ¥17.0 billion in dividend distributions. Looking toward the fiscal year ending March 31, 2024, the outlook remains aggressive with a projected revenue increase of 21.1% to ¥95,000 million. Management intends to maintain a stable shareholder return policy with a dividend payout ratio of approximately 50%. These results indicate a strategic transition where strong organic growth in the gaming sector is being balanced against volatile non-operating investment returns and a proactive reduction of debt obligations.
Koei TecmoApr 2023
Financial
Consolidated Financial Results for the Year Ended March 31, 2024
Koei Tecmo Holdings achieved a 7.9% increase in net sales to ¥84.6 billion for the fiscal year ended March 31, 2024, reflecting a period of steady top-line growth. While profit attributable to owners rose 9.2% to ¥33.8 billion, the company experienced a notable 27.2% decline in operating profit, which fell to ¥28.5 billion. This contraction in operating margins was primarily driven by rising selling and administrative expenses. However, ordinary profit remained resilient, growing 14.6% to ¥45.7 billion due to substantial non-operating gains derived from investment securities and derivative valuations. The financial position of the organization strengthened considerably throughout the year, with total assets expanding to ¥245.8 billion and net assets reaching ¥175.6 billion. Cash flow from operating activities remained robust at ¥36.6 billion, supported by efficient trade receivable collections and higher pre-tax profits. These inflows effectively balanced a ¥24.9 billion net outflow in investing activities, largely attributed to the strategic acquisition of investment securities. Despite distributing ¥15.7 billion in dividends, the company maintained a stable liquidity position with ¥10.5 billion in cash and cash equivalents at the close of the period. Looking toward the fiscal year ending March 31, 2025, the outlook suggests continued revenue expansion alongside tightening profitability. Net sales are projected to grow by 6.4%, yet profit attributable to owners is expected to decline by 11.2%. This forecast indicates a transitionary phase where increased market activity and sales volume may be offset by shifting investment returns or continued pressure on operating costs. The overall trajectory emphasizes a shift toward leveraging a strong balance sheet and non-operating income to navigate fluctuations in core gaming profitability.
Koei TecmoApr 2024
Financial
Consolidated Financial Results for the Fiscal Year Ended March 31, 2022
Mixi, Inc. experienced a period of transition during the fiscal year ended March 31, 2022, characterized by stable net sales of ¥118,099 million but a significant 34.6% decline in net profit to ¥10,262 million. This contraction in profitability stemmed from increased operating costs, substantial impairment losses in the Sports segment—specifically regarding the PIST6 business—and a ¥2,098 million loss on the valuation of investment securities. Cash reserves also saw a marked decrease, falling by ¥31.3 billion to ¥118.4 billion, as the company prioritized aggressive capital allocation toward treasury share purchases and strategic acquisitions. The Digital Entertainment segment continues to serve as the primary economic engine, generating ¥91.2 billion in revenue. Performance in this sector was heavily influenced by the flagship title Monster Strike and the adoption of new revenue recognition standards that defer income based on the estimated period of character utility. While the Sports and Lifestyle segments achieved year-over-year revenue growth, both remained unprofitable at the operating level. To address these imbalances and diversify its portfolio, the company completed the acquisition of TOKYO FOOTBALL CLUB Co., Ltd. and Lovegraph Inc., signaling a long-term commitment to expanding its footprint in professional sports and family-oriented digital services. Looking toward the 2023 fiscal year, the financial outlook remains cautious. Although net sales are projected to rise slightly by 1.6%, profit attributable to owners is expected to fall by an additional 51.3% to ¥5,000 million. This forecast reflects ongoing investment requirements and a structural reorganization of reporting segments, which will introduce a dedicated Investment category. These shifts indicate a strategic pivot toward balancing the mature cash flows of the gaming division with high-growth, capital-intensive ventures in broader entertainment and sports markets.
mixiMay 2022
Financial
Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022
Koei Tecmo Holdings reported consolidated financial results for the first quarter of the fiscal year ending March 31, 2023, covering the three-month period from April 1, 2022, to June 30, 2022. The data reveals a complex fiscal performance characterized by rising operational efficiency despite declining top-line revenue and significant non-operating headwinds. Net sales for the quarter reached 18.65 billion yen, representing a 9.1% decrease compared to the same period in the previous year. Conversely, operating profit grew by 19.9% to 11.66 billion yen, driven by a substantial reduction in the cost of sales, which fell from 7.11 billion yen to 3.37 billion yen year-over-year. The bottom-line results were heavily impacted by non-operating factors. Ordinary profit fell by 50.6% to 9.09 billion yen, and profit attributable to owners of the parent dropped by 49.6% to 6.75 billion yen. This decline was largely attributed to a sharp increase in non-operating expenses, which rose from 1.25 billion yen to 9.54 billion yen. Key contributors to these expenses included a 5.68 billion yen loss on the valuation of derivatives and a 2.34 billion yen loss on the redemption of securities. Furthermore, the company recorded a comprehensive loss of 185 million yen for the quarter, primarily due to a 7.80 billion yen negative swing in the valuation difference on available-for-sale securities. Looking ahead, the full-year forecast for the period ending March 31, 2023, anticipates net sales of 77 billion yen, a 5.8% increase over the prior year. However, profitability is expected to contract across the board, with projected declines in operating profit (5.9%), ordinary profit (12.7%), and profit attributable to owners (10.9%). The company’s financial position remains stable with total assets of 203.10 billion yen and an equity ratio of 59.4%, though net assets per share decreased from 874.33 yen to 766.20 yen during the quarter.
Koei TecmoJul 2022