Koei Tecmo reported a net loss of ¥171 million for FY2024 Q3, a significant reversal from the ¥6,898 million profit recorded in the previous quarter.
02
Consolidated sales fell 25.4% year-over-year to ¥14,677 million, while operating profit contracted to ¥4,673 million from ¥6,664 million in Q2.
03
Ordinary profit turned negative at ¥(787) million, primarily driven by a substantial non-operating loss of ¥5,461 million.
04
The entertainment segment remains the core revenue driver, accounting for 92% of total sales at ¥13,515 million.
05
Digital download penetration continues to rise, reaching 75% of total sales units in Q3 compared to 73.9% in Q2.
06
Operational costs increased, with employment expenses reaching ¥5,200 million and outsourcing costs rising to ¥1,400 million.
07
Regional performance is heavily concentrated in Japan and Asia, which combined for ¥13,122 million in sales, while North America and Europe contributed a combined ¥1,555 million.
Insights
01
Koei Tecmo reported a net loss of ¥171 million for FY2024 Q3, a significant reversal from the ¥6,898 million profit recorded in the previous quarter.
02
Consolidated sales fell 25.4% year-over-year to ¥14,677 million, while operating profit contracted to ¥4,673 million from ¥6,664 million in Q2.
03
Ordinary profit turned negative at ¥(787) million, primarily driven by a substantial non-operating loss of ¥5,461 million.
04
The entertainment segment remains the core revenue driver, accounting for 92% of total sales at ¥13,515 million.
05
Digital download penetration continues to rise, reaching 75% of total sales units in Q3 compared to 73.9% in Q2.
06
Operational costs increased, with employment expenses reaching ¥5,200 million and outsourcing costs rising to ¥1,400 million.
07
Regional performance is heavily concentrated in Japan and Asia, which combined for ¥13,122 million in sales, while North America and Europe contributed a combined ¥1,555 million.