FinancialKoei Tecmo
Summary of Consolidated Financial Results: Six Months Ended September 30, 2022
6 pages~6 min full read
Koei Tecmo Holdings experienced a broad financial decline in the first half of fiscal year 2022, with net sales falling 6.6% to ¥34,762 million and operating profit dropping 11.6% to ¥18,321 million compared to the same period in 2021.
See it on page 1Profitability metrics saw significant contraction, as ordinary profit fell 29.5% to ¥13,648 million and profit attributable to the parent decreased 24.8% year-on-year.
See it on page 5Earnings per share (diluted) declined from ¥54.38 in the first half of 2021 to ¥40.15 for the period ending September 30, 2022.
See it on page 1The company's balance sheet showed a reduction in total assets from ¥219,803 million to ¥206,489 million, with the equity ratio slipping from 62.6% to 60.7%.
See it on page 4Full-year 2023 forecasts project a 5.8% increase in net sales to ¥77,000 million, yet operating profit is expected to decline by 5.9% to ¥32,500 million.
See it on page 1Ordinary profit for the full 2023 fiscal year is projected to reach ¥42,500 million, representing a 12.7% decrease compared to the previous year.
See it on page 1Koei Tecmo maintained its existing dividend policy and declared no interim dividends for the first two quarters of the 2023 fiscal year.
See it on page 1The six‑month financial results for Koei Tecmo Holdings, covering April 1 to September 30, 2022, show a decline in key performance metrics compared with the same period in 2021. Net sales fell by 6.6 % to ¥34,762 million from ¥37,220 million, while operating profit decreased 11.6 % to ¥18,321 million from ¥16,423 million. Ordinary profit and profit attributable to the parent dropped 29.5 % and 24.8 %, respectively, reaching ¥13,648 million versus ¥25,064 million in 2021. Earnings per share also contracted, with diluted EPS falling from ¥54.38 to ¥40.15.
Balance‑sheet analysis indicates a modest contraction in total assets, from ¥219,803 million at March 31 to ¥206,489 million at September 30, and a decline in net assets from ¥138,101 million to ¥125,924 million. The equity ratio slipped slightly from 62.6 % to 60.7 %. Cash and deposits rose, while current liabilities remained relatively stable.
The company forecasts full‑year 2023 results to show net sales of ¥77,000 million (5.8 % increase year‑on‑year) but operating profit of ¥32,500 million (5.9 % decrease). Ordinary profit is projected at ¥42,500 million, a 12.7 % decline, with comprehensive income expected at ¥31,500 million (10.9 % drop). Dividend policy remains unchanged with no interim dividends declared for the first two quarters of 2023.
Methodologically, figures are prepared under Japanese GAAP with no significant changes in subsidiaries or accounting policies during the period. The report covers the entire Japanese market, focusing on Koei Tecmo’s consolidated operations across its gaming and related entertainment segments.
