Report
Financial Results: Fiscal Year Ending March 2018
Financial results for the fiscal year ending March 2018 show a record‑high profit trajectory driven by robust sales growth and expanding overseas revenue. Total sales rose 5.3 % from ¥38,926 million in FY2017 to ¥41,000 million in FY2018, while operating profit increased 2.5 % to ¥12,000 million. Ordinary profit fell slightly by 4.3 % from ¥18,293 million to ¥17,500 million, and net income declined 4.0 % from ¥13,017 million to ¥12,500 million. The company’s global footprint expanded, with overseas sales growing 4.4 % to ¥13,500 million and North American revenue up 13.1 % to ¥5,000 million; European sales increased 11.0 % to ¥3,700 million, whereas Asian revenue contracted 7.2 % to ¥4,800 million. The report highlights a strategic focus on digital marketing, community engagement, and talent development to support a three‑year expansion into the Chinese market. Key titles such as “Nioh” and “Dynasty Warriors 9” achieved strong global sales, with “Nioh” surpassing 1.9 million copies worldwide and “Dynasty Warriors 9” matching sales in Japan and Asia. The company plans to leverage high‑compatibility IPs for further penetration into U.S. and European markets, while also expanding smartphone gaming operations and IP licensing in Asia. Methodologically, the figures derive from consolidated financial statements covering all business segments—entertainment, pachislot & amusement, real estate, and others—across domestic and overseas operations. The analysis includes year‑over‑year comparisons, regional breakdowns, and unit sales data for major titles. The company’s mid‑term management plan targets a 10 % annual increase in sales and operating profit, aiming for ¥51 billion in sales and ¥17 billion in operating profit by FY2020, with a 50 % payout ratio or ¥50 per share dividend.
Koei Tecmo
Report
Q1 2026 Estimated Capital Gains Distributions
Dodge & Cox has released estimated capital gains distributions for the first quarter of 2026, specifically targeting the Balanced and Stock Funds. These distributions represent realized capital gains accrued between November 1 and December 31 of the preceding year, adhering to the firm’s standard policy of distributing late-year gains in the following March. Other funds within the firm’s portfolio, including the International, Global Stock, and Emerging Markets Stock Funds, operate on a different schedule and typically issue distributions only in December. The estimated distributions for the Balanced Fund (DODBX and DOXBX) are set at $0.09 per share, representing 0.6% of the net asset value. The Stock Fund (DODGX and DOXGX) estimates a distribution of $0.16 per share, or 1.0% of the net asset value. These figures consist entirely of long-term capital gains, with no short-term gains reported for this period. The firm maintains its commitment to ongoing ordinary income distributions alongside these capital gains payouts. These estimates are based on financial data as of February 23, 2026, and remain subject to change pending final approval by the Board of Trustees. The official record date for these distributions is March 24, 2026, with the ex-dividend and reinvestment date scheduled for March 25, 2026, and the payable date set for March 26, 2026. Investors are advised that these figures are preliminary and should consult the firm’s official website in late March for final distribution amounts. As with all investment activities, these distributions are subject to market risks, and shareholders are encouraged to seek professional tax or legal counsel regarding the implications of these payments.
Dodge & Cox
