Koei Tecmo achieved record-high first-quarter profits, with ordinary profit rising 27.3% to 18.7 billion yen and profit attributable to owners of the parent increasing 29.2% to 13.6 billion yen.
02
Operating profit declined 23.8% to 5.7 billion yen, driven by a lack of new mobile title launches and higher operational costs compared to the previous year.
03
Net sales for the quarter fell 3.8% year-on-year to 17.6 billion yen, with the entertainment segment accounting for 16.5 billion yen of that total.
04
Bottom-line growth was significantly bolstered by 10.7 billion yen in non-operating income, specifically 5.8 billion yen from derivative valuations and 4.9 billion yen in interest income.
05
Key revenue drivers included repeat sales of 'Rise of the Ronin' and the continued performance of 'Nobunaga’s Ambition: Hadou' and 'Three Kingdoms Tactics,' the latter of which surpassed 100 million global downloads.
06
The company maintains a full-year forecast of 90 billion yen in net sales and 30 billion yen in profit, focusing on its 'AAA Studio' pipeline, including the upcoming 'Dynasty Warriors: Origins'.
Insights
01
Koei Tecmo achieved record-high first-quarter profits, with ordinary profit rising 27.3% to 18.7 billion yen and profit attributable to owners of the parent increasing 29.2% to 13.6 billion yen.
02
Operating profit declined 23.8% to 5.7 billion yen, driven by a lack of new mobile title launches and higher operational costs compared to the previous year.
03
Net sales for the quarter fell 3.8% year-on-year to 17.6 billion yen, with the entertainment segment accounting for 16.5 billion yen of that total.
04
Bottom-line growth was significantly bolstered by 10.7 billion yen in non-operating income, specifically 5.8 billion yen from derivative valuations and 4.9 billion yen in interest income.
05
Key revenue drivers included repeat sales of 'Rise of the Ronin' and the continued performance of 'Nobunaga’s Ambition: Hadou' and 'Three Kingdoms Tactics,' the latter of which surpassed 100 million global downloads.
06
The company maintains a full-year forecast of 90 billion yen in net sales and 30 billion yen in profit, focusing on its 'AAA Studio' pipeline, including the upcoming 'Dynasty Warriors: Origins'.