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Financial
Consolidated Financial Results for the Six Months Ended September 30, 2023
Koei Tecmo Holdings Co., Ltd. reported its consolidated financial results for the first half of the fiscal year ending March 31, 2024, covering the period from April 1, 2023, to September 30, 2023. The data reflects a period of significant growth in top-line revenue and net profitability, despite a contraction in operating profit. Net sales rose 14.3% year-over-year to ¥39.7 billion, while profit attributable to owners of the parent increased by 23.1% to ¥16.8 billion. The divergence between operating and ordinary profit is a primary feature of this period. While operating profit fell 24.4% to ¥13.8 billion due to rising costs of sales and administrative expenses, ordinary profit surged 31.3% to ¥23.2 billion. This boost was driven by substantial non-operating income, specifically a ¥7.3 billion gain on the valuation of derivatives and ¥6.7 billion from the sale of investment securities. These financial activities offset significant non-operating expenses, including ¥8.6 billion in losses on the sale of investment securities. Geographically focused on the Japanese market with a listing on the Tokyo Stock Exchange, the company maintains a strong financial position with total assets increasing to ¥234.1 billion. The capital adequacy ratio remains robust at 64.1%. Looking ahead, the full-year forecast remains unchanged, with expectations for net sales to reach ¥95 billion, representing a 21.1% annual increase. The company anticipates maintaining a stable dividend of ¥50 per share, reflecting confidence in its long-term financial stability and the continued performance of its core gaming and investment segments.
Koei TecmoOct 2023
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
Financial
Consolidated Financial Results for the Six Months Ended September 30, 2019
These consolidated financial results for mixi, Inc. cover the six-month period ending September 30, 2019. The data reveals a significant year-over-year contraction in financial performance across all primary metrics. Net sales fell by 34.1% to ¥46,835 million, while operating income and ordinary income both saw a sharp decline of 80.5%, dropping to approximately ¥4,035 million and ¥4,063 million, respectively. Profit attributable to owners of the parent decreased by 83.0% to ¥2,192 million, resulting in basic earnings per share of ¥29.09, down from ¥169.87 in the previous year. The company’s operations are divided into two reportable segments: Entertainment and Lifestyle. The Entertainment Business remains the primary revenue driver, contributing ¥45,137 million in sales, though its segment profit fell from ¥25,421 million to ¥9,724 million year-over-year. The Lifestyle Business reported a segment loss of ¥439 million on sales of ¥1,697 million. Despite the downturn in earnings, the company maintains a strong financial position with total assets of ¥188,135 million and a high equity ratio of 93.5%. Cash and deposits remain substantial at ¥142,693 million. The full-year forecast for the fiscal year ending March 31, 2020, anticipates continued downward pressure, with net sales projected at ¥100,000 million and profit attributable to owners expected to reach ¥3,000 million. These projections represent an anticipated annual decrease of over 80% in profitability compared to the prior fiscal year. Cash flow analysis indicates that while operating activities generated ¥8,537 million, significant outflows occurred in investing activities, including ¥1,469 million for subsidiary acquisitions and ¥1,856 million for investment securities, reflecting ongoing efforts to diversify the portfolio despite the current decline in core segment performance.
mixiNov 2019
Financial
Summary of Consolidated Financial Results for the Six Months Ended September 30, 2022 (Based on Japanese GAAP)
Koei Tecmo Holdings Co., Ltd. reported consolidated financial results for the first half of the fiscal year ending March 31, 2023, covering the period from April 1, 2022, to September 30, 2022. The data reflects a period of transition for the Japanese game developer, characterized by rising operating efficiency despite a contraction in overall net sales and net profit. Net sales for the six-month period reached 34.76 billion yen, representing a 6.6% decrease compared to the same period in the previous year. Despite this decline in revenue, operating profit grew by 11.6% to 18.32 billion yen, driven by a significant reduction in the cost of sales. However, ordinary profit fell by 29.5% to 17.67 billion yen, and profit attributable to owners of the parent decreased by 24.8% to 13.65 billion yen. This divergence between operating and ordinary profit was largely due to non-operating factors, including a 7.46 billion yen loss on the valuation of derivatives and a 3.27 billion yen loss on the redemption of securities. The company’s financial position remains stable with total assets of 206.49 billion yen and an equity ratio of 60.7%. For the full fiscal year ending March 31, 2023, the company forecasts net sales of 77 billion yen, which would represent a 5.8% year-on-year increase. However, full-year operating profit is expected to decline by 5.9% to 32.5 billion yen, with net profit projected to fall by 10.9% to 31.5 billion yen. These results were prepared in accordance with Japanese GAAP and highlight the impact of volatile investment securities and derivative valuations on the company's bottom line.
Koei TecmoOct 2022