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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
Summary of Consolidated Financial Results for the Year Ended March 31, 2022
Koei Tecmo Holdings achieved substantial financial growth during the fiscal year ended March 31, 2022, characterized by a 20.5% increase in net sales to ¥72.76 billion and a 41.5% surge in operating profit to ¥34.53 billion. This performance was bolstered by strong operational cash flows of ¥24.82 billion, contributing to a rise in cash and cash equivalents to ¥19.50 billion. Despite these gains, total net assets decreased from ¥165.13 billion to ¥138.10 billion, a shift primarily driven by a strategic ¥38.53 billion expenditure on treasury share purchases. The company’s capital structure underwent significant changes during this period, marked by the issuance of ¥48.10 billion in convertible bonds. This influx of capital supported an aggressive investment strategy, with ¥146.63 billion directed toward the purchase of investment securities. Total assets climbed to ¥219.80 billion, reflecting a portfolio heavily weighted toward cash and securities. While the company maintained a robust profit attributable to owners of ¥35.36 billion, it also distributed ¥14.93 billion in dividends, balancing shareholder returns with large-scale reinvestment. Looking toward the 2023 fiscal year, the outlook remains cautious despite the previous year's momentum. Projections suggest a modest 5.8% increase in sales alongside a forecasted 5.9% decline in operating profit. This conservative guidance indicates a transition period following a year of record-breaking financial expansion and significant capital reallocation. The overall fiscal health remains stable, supported by high liquidity and a diversified asset base, even as the company prepares for potential fluctuations in profitability in the near term.
Koei TecmoApr 2022
Financial
Consolidated Financial Results for the Fiscal Year Ended March 31, 2024
MIXI, Inc. maintained stable net sales of ¥146.8 billion for the fiscal year ended March 31, 2024, despite a 22.7% decline in operating income to ¥19.1 billion. While the Digital Entertainment segment, anchored by the enduring performance of Monster Strike, remains the primary revenue driver, its profitability experienced a year-over-year contraction. Conversely, net income attributable to owners of the parent grew by 37.2% to ¥7.08 billion, a result of reduced non-operating and extraordinary losses relative to the prior year. This financial trajectory is expected to accelerate, with forecasts projecting a 69.4% surge in net income to ¥12.0 billion for the fiscal year ending March 2025. The fiscal period was characterized by strategic capital management and the navigation of impairment challenges. Cash and cash equivalents decreased to ¥105.7 billion, influenced by ¥7.5 billion in treasury share purchases and significant income tax payments. Financial results were further impacted by a ¥2.677 million valuation loss on convertible bonds and impairment losses within the Sports Business and equity-method associates like CALL DOCTOR Co., Ltd. These adjustments reflect a rigorous reassessment of business plans and asset valuations across the Lifestyle and Sports segments. To enhance shareholder value and capital efficiency, the company executed the cancellation of 4.5 million treasury shares and initiated a subsequent repurchase program valued at up to ¥7.5 billion. Basic earnings per share rose to ¥99.71, supporting a consistent annual dividend of ¥110 per share. Despite the amortization of ¥1,338 million in goodwill, the organization maintains a robust balance sheet and a clear focus on stabilizing its core entertainment offerings while optimizing its diversified portfolio for long-term growth.
MIXI, Inc.May 2024
Financial
Consolidated Financial Results for the Three Months Ended June 30, 2024
This financial report details the consolidated results for Koei Tecmo Holdings Co., Ltd. for the first quarter of the fiscal year ending March 31, 2025, covering the period from April 1 to June 30, 2024. The primary purpose of the document is to provide shareholders and the public with an update on the company’s financial health and progress toward its Third Medium-Term Management Plan, which focuses on the management policy of creating and developing global intellectual property. Financial performance for the quarter was mixed. Net sales reached 17.6 billion yen, a 3.8% decrease year-on-year, while operating profit fell 23.8% to 5.7 billion yen. This decline was attributed to a lack of new mobile title launches compared to the previous year and increased costs associated with in-house mobile operations. Conversely, ordinary profit rose 27.3% to 18.7 billion yen, and profit attributable to owners of the parent increased 29.2% to 13.6 billion yen, both reaching record highs for a first quarter. These gains were significantly bolstered by non-operating income, including 5.8 billion yen from the valuation of derivatives and 4.9 billion yen in interest income. The entertainment segment remains the company's core driver, contributing 16.5 billion yen in sales. Key activities included repeat sales of Rise of the Ronin and the continued performance of mobile titles like Nobunaga’s Ambition: Hadou and the licensed Three Kingdoms Tactics, which surpassed 100 million global downloads. Looking ahead, the company is focusing on its "AAA Studio" to ensure a continuous pipeline of large-scale titles, such as the upcoming Dynasty Warriors: Origins. For the full fiscal year, the company forecasts net sales of 90 billion yen and a profit of 30 billion yen, maintaining a neutral but growth-oriented outlook despite short-term fluctuations in operating income.
Koei TecmoJul 2024