- 01
Koei Tecmo experienced a significant decline in profitability for the nine months ending December 31, 2022, with ordinary profit falling 56.5% and profit attributable to owners of the parent dropping 52.4%.
- 02
Net sales for the nine-month period decreased by 10.6% year-on-year to 49,439 million yen, while operating profit declined by 15.2% to 22,994 million yen.
- 03
Financial performance was heavily impacted by non-operating expenses, including a 12,626 million yen loss on the valuation of derivatives and a 7,373 million yen loss on the redemption of securities.
- 04
Earnings per share for the nine-month period were halved, falling from 85.10 yen in the previous year to 42.78 yen.
- 05
Total assets contracted from 219,803 million yen in March 2022 to 189,092 million yen by December 31, 2022, primarily due to a reduction in cash, deposits, and short-term securities.
- 06
The company projects a full-year net sales recovery of 5.8% to 77,000 million yen for the fiscal year ending March 31, 2023, though full-year net income is still expected to be 33.5% lower than the prior year.