Consolidated Financial Results: Year Ended March 31, 2023

The consolidated financial results for Koei Tecmo Holdings Co., Ltd. cover the fiscal year ending March 31, 2023 (April 1, 2022‑March 31, 2023). Net sales rose to ¥78.4 billion from ¥72.8 billion, a 7.8 % increase, while operating profit climbed to ¥39.1 billion, up 13.3 %. Ordinary profit fell by 18.1 % to ¥39.9 billion, and profit attributable to owners of the parent decreased 12.5 % to ¥30.9 billion, reflecting higher operating costs and a decline in non‑operating income. Comprehensive income for the year was ¥20.7 billion, down 19.3 % from ¥25.7 billion the prior year.

Total assets declined to ¥210.9 billion from ¥219.8 billion, while net assets increased to ¥142.7 billion, improving the capital adequacy ratio from 62.6 % to 67.4 %. Cash and cash equivalents fell by ¥7.9 billion, largely due to significant treasury share repurchases and a shift in investment strategy. Operating cash flow rose to ¥29.7 billion, driven by higher operating profit and improved working‑capital management, but investing cash flow remained negative at ¥21.4 billion due to continued investment in securities and property.

Dividend policy remained consistent, with a total payout of ¥15.8 billion (50.9 % of net sales) and a year‑end dividend of ¥50 million per share. Forecasts for the 2024 fiscal year project net sales of ¥95 billion and operating profit of ¥21.1 billion, indicating a modest growth outlook amid ongoing market consolidation and regulatory changes. The company’s financial position remains solid, with a stable equity base and manageable debt levels, positioning it to navigate the evolving gaming industry landscape.