Koei Tecmo Holdings reported a 23.7% increase in net sales to ¥61,136 million for the nine months ended December 31, 2023, compared to the same period in 2022.
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Profit attributable to owners of the parent company rose 80.2% to ¥24,283 million, while ordinary profit increased 100.4% to ¥33,825 million.
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Operating profit declined by 11.7% to ¥20,316 million, despite the significant growth in net sales and other profit metrics.
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Comprehensive income saw a major turnaround, reaching ¥30,129 million for the period compared to ¥59 million in the prior year.
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Total assets grew to ¥244,844 million as of December 31, 2023, up from ¥210,889 million at the end of March 2023, with a capital adequacy ratio of 64.1%.
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Basic earnings per share increased to ¥76.95, up from ¥71.61 in the same period of 2022.
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The company maintained its dividend policy of zero dividends for fiscal year 2023 and a forecast of ¥50 per share for fiscal year 2024.
Insights
01
Koei Tecmo Holdings reported a 23.7% increase in net sales to ¥61,136 million for the nine months ended December 31, 2023, compared to the same period in 2022.
02
Profit attributable to owners of the parent company rose 80.2% to ¥24,283 million, while ordinary profit increased 100.4% to ¥33,825 million.
03
Operating profit declined by 11.7% to ¥20,316 million, despite the significant growth in net sales and other profit metrics.
04
Comprehensive income saw a major turnaround, reaching ¥30,129 million for the period compared to ¥59 million in the prior year.
05
Total assets grew to ¥244,844 million as of December 31, 2023, up from ¥210,889 million at the end of March 2023, with a capital adequacy ratio of 64.1%.
06
Basic earnings per share increased to ¥76.95, up from ¥71.61 in the same period of 2022.
07
The company maintained its dividend policy of zero dividends for fiscal year 2023 and a forecast of ¥50 per share for fiscal year 2024.