Rise of the Ronin
GameBy KOEI TECMO GAMES
Documents about Rise of the Ronin
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.
- 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.
- 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.
- 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.
Koei Tecmo Holdings Financial Results: Fiscal Year Ending March 2024
Koei Tecmo Holdings achieved record-high sales of 84.6 billion yen for the fiscal year ending March 2024, representing a 7.9 percent year-over-year increase.
- Koei Tecmo reported total sales of 84.58 billion yen for FY2023, a 7.9% increase year-on-year, driven primarily by strong performance in the Japanese market.
- The company plans to increase full-year sales to 90 billion yen and operating profit to 30 billion yen in FY2024, supported by the launch of multiple new titles and back-catalog sales.
- Operating costs rose significantly in FY2023, with outsourcing costs increasing by 69.1% to 9.15 billion yen and employment costs rising 11% to 23.07 billion yen.
Financial Results for the Fiscal Year Ending March 2024
Koei Tecmo achieved record-high sales of 84.6 billion yen for the fiscal year ending March 2024, primarily driven by a 40.6% surge in the mobile and online sectors.
- Koei Tecmo achieved record-high annual sales of 84.6 billion yen, fueled by a 40.6% surge in the mobile and online sectors.
- Operating profit declined 27.2% to 28.5 billion yen as the company shifted from high-margin royalty partnerships toward cost-intensive in-house publishing.
- The company established a dedicated AAA Studio to centralize management and improve quality control, following the successful launch of its first open-world title, Rise of the Ronin.
Koei Tecmo Holdings Financial Results: Third Quarter of the Fiscal Year Ending March 2024
Koei Tecmo Holdings’ financial results for the third quarter of the fiscal year ending March 2024 demonstrate significant top-line growth driven by a robust performance in the mobile and online gaming sectors.
- Koei Tecmo reported Q3 YTD sales of 61.1 billion yen, a 23.7% increase year-over-year, though operating profit declined by 11.7% to 20.3 billion yen.
- Net profit surged by 80.2% to 24.2 billion yen, driven significantly by a 100.4% increase in ordinary profit to 33.8 billion yen.
- Package game sales volume dropped 15.2% to 5.07 million units, while the digital download ratio rose by 7 percentage points to 74.2%.
Financial Results for the Third Quarter of the Fiscal Year Ending March 2024
Koei Tecmo Holdings reported its financial results for the first nine months of the fiscal year ending March 2024, highlighting a period of significant revenue growth driven by the online and mobile sectors.
- Koei Tecmo reported a 23.7% year-over-year increase in net sales to 61,136 million yen for the first nine months of the fiscal year ending March 2024.
- Ordinary profit doubled to 33,825 million yen, largely driven by non-operating income from the disposal of marketable securities, despite an 11.7% decline in operating profit to 20,316 million yen.
- Mobile gaming achieved record-high sales, bolstered by the success of 'Atelier Resleriana' (over 3 million downloads) and first-anniversary events for 'Nobunaga’s Ambition: Hadou'.
Integrated Report 2024
Koei Tecmo’s 2025 integrated analysis presents a comprehensive view of the company’s pursuit of the “world’s No. 1 digital-entertainment” position, driven by a “Creativity & Contribution” philosophy, an IP-centric brand architecture spanning six studios, and a multi-layered profit model.
- Koei Tecmo achieved record-high net sales of ¥84.5 billion in FY 2023, representing a 7.9% year-over-year increase, despite a 27.2% decline in operating profit to ¥28.4 billion.
- The company maintains a high-margin business model, evidenced by a 49.9% operating-profit ratio and licensing strategies for flagship franchises like the 'Atelier' series, which has surpassed 100 million copies sold.
- Strategic growth plans involve scaling the workforce from approximately 2,000 to 5,000 employees and utilizing the proprietary Katana Engine™ to develop new global IPs targeting 5–10 million unit sales per title.
Financial Results for the First Half of the Fiscal Year Ending March 2024
Koei Tecmo achieved record-high sales of ¥39.7 billion during the first half of the fiscal year ending March 2024, representing a 14.3% year-on-year increase.
- Koei Tecmo achieved record-high first-half sales of ¥39.7 billion, a 14.3% year-on-year increase driven by Fate/Samurai Remnant and the mobile title Atelier Resleriana.
- Operating profit fell 24.4% to ¥13.8 billion due to rising labor and subcontracting costs, though ordinary profit grew 31.3% to ¥23.2 billion.
- The company is targeting full-year net sales of ¥95 billion, supported by projected growth of 37.9% in the Japanese market and 22.6% in overseas unit sales.
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