Report
1st Half Financial Results: FY2015
The first‑half financial results for fiscal year 2015 show a modest increase in sales, operating profit, ordinary profit, and net income compared with the same period in 2014. Total sales rose from ¥15,159 million to ¥16,110 million, a 5.9 % year‑over‑year gain, while operating profit climbed by ¥816 million (24.8 %) to ¥3,293 million. Ordinary profit increased by ¥513 million (8.3 %) to ¥6,166 million, and net income grew by ¥144 million (3.4 %) to ¥4,205 million. Forecasts released in April 2015 had anticipated higher operating and net profit margins; actual results exceeded these forecasts, with operating profit margin reaching 20.4 % versus the forecasted 16.3 %. Geographically, Japan contributed 78.2 % of sales (¥12,601 million), a decline of ¥1,251 million from the previous year, while overseas sales grew by 8.5 % to ¥3,509 million. The Asia region experienced the largest growth, with sales increasing 75.9 % to ¥727 million. Unit sales mirrored these trends: Japan’s units fell by 32.5 % to 1,200 thousand, whereas overseas units rose 23.9 % to 1,695 thousand. Segment analysis indicates that corporate and game online & media sales accounted for the largest share of revenue, with operating profit concentrated in these areas. The company’s strategic focus on digital and mobile platforms, IP collaborations, and cost‑efficiency initiatives is reflected in the improved operating profit ratio of 20.4 % and a projected target of 30 % for the full year. Methodologically, figures derive from audited financial statements and internal forecasts; comparative data are presented in millions of yen with year‑over‑year percentages. The report covers Japan and selected overseas markets for the first half of FY2015, with a forward‑looking outlook for full‑year performance.
Koei Tecmo
Report
1st Half Financial Results: FY2015
The first‑half financial results for FY2014 demonstrate a continued upward trajectory, with sales reaching ¥16.11 billion and operating profit rising to ¥3.29 billion, a 4.2 % increase year‑on‑year and a 0.7 % rise versus forecast. Net income climbed to ¥4.21 billion, up 26.1 % YoY and 0.7 % above expectations, reflecting a 76.5 % increase from the prior year’s first half. Operating profit margins improved to 20.4 %, up 1.3 percentage points from the previous period, while ordinary profit margins reached 38.2 %, a 60.4 % YoY gain. Geographically, Japan contributed ¥12.78 billion (82.7 % of total sales) with a 1.4 % YoY rise, while overseas markets grew by ¥3.51 billion (17.3 % of total), driven largely by North America and Europe, which saw sales increases of 31.0 % and 64.1 %, respectively. Unit volumes mirrored this trend, with overseas units up 30.4 % and North America up 60.3 %. Segment analysis shows the Game division as the largest contributor, generating ¥9.87 billion in sales and ¥2.36 billion in operating profit, followed by Online & Media at ¥3.24 billion sales and ¥0.60 billion profit. The company’s strategy focuses on multi‑platform development, IP expansion into media and merchandise, and aggressive download business growth. Cost efficiencies are evident: COGS fell to 57 % of sales, SG&A to 55.6 %, and capital expenditures were maintained at ¥4 billion. The company maintains a dividend policy targeting 50 % payout or ¥50 per share, with plans to increase the dividend to ¥50 in FY2014. Overall, the first‑half performance confirms a robust growth trajectory and sets a strong foundation for full‑year targets.
Koei Tecmo
