Library

Financial Highlights: Fiscal Year Ending March 2017

Koei Tecmo Holdings reported a modest improvement in fiscal performance for the year ending March 2017 compared with the prior year. Net sales fell 3.4 % to ¥37,034 million, largely due to a 4.9 % decline in the entertainment segment and a 1.5 % drop in amusement facilities, while pachislot & pachinko sales rose 11.4 %. The “Other” segment, which includes real estate and ancillary activities, grew 145.7 %, offsetting declines in core gaming operations. Operating income contracted 20.7 % to ¥8,781 million, driven by a 25 % reduction in entertainment operating profit and a 57.2 % decline in amusement facilities; the “Other” segment’s operating profit surged 474.1 %. Net income increased 7.1 % to ¥11,624 million, reflecting a 0.6 % rise in the forecasted year and a modest improvement over the previous fiscal period. Balance‑sheet analysis shows total assets rising 7.9 % to ¥119,461 million, mainly due to higher investment securities and land values. Current assets decreased slightly as cash and receivables fell, while fixed assets grew from ¥83,495 million to ¥92,772 million, largely driven by land acquisitions. Total liabilities increased 5.8 % to ¥12,944 million, with current liabilities rising and long‑term liabilities falling. Shareholders’ equity expanded to ¥105,639 million, supported by retained earnings growth and a reduction in treasury stock. The financial highlights cover Japan‑based operations for FY2016, presenting consolidated income statements and balance sheets in millions of yen. Data are derived from audited financial statements, with segment performance broken down by entertainment, pachislot & pachinko, amusement facilities, real estate, and other activities. The report underscores a shift toward diversified revenue streams amid declining core gaming sales.

Koei Tecmo

Financial Highlights: 3rd Quarter of the Fiscal Year Ending March 2017

Financial highlights for KOEI TECMO Holdings’ third quarter of fiscal 2016 reveal a robust revenue surge, with net sales rising to ¥38.3 billion from ¥22.5 billion in the same period of fiscal 2015, a 7.3 % increase that aligns with the company’s forecast of 9.6 %. Gross profit doubled to ¥18.9 billion, while operating income climbed to ¥11.1 billion, a 11.1 % rise from the prior year’s ¥3.9 billion, reflecting improved profitability across key segments. Net income reached ¥10.9 billion, up 12.3 % from ¥6.8 billion, supporting a forecasted net income of ¥11 billion. Segment analysis shows entertainment sales leading at ¥34.7 billion, up 6.3 % year‑over‑year, and a notable 26.8 % jump in pachislot & pachinko revenue to ¥1.79 billion. Amusement facilities and real‑estate sales experienced modest declines of 1.9 % and 5.6 %, respectively, while the “Other” segment posted a sharp 169 % increase to ¥137 million. Operating income mirrored these trends, with entertainment contributing ¥10.4 billion and other segments delivering significant gains. Balance‑sheet data indicate a slight contraction in total assets from ¥110.9 billion to ¥108.5 billion, driven by reduced current assets and a modest rise in fixed‑asset investments. Current liabilities fell sharply to ¥5.1 billion, improving liquidity, while shareholders’ equity increased to ¥99.7 billion. The company’s cash and marketable securities rose, supporting a stronger liquidity position as it approaches the fiscal year end.

Koei Tecmo

Financial Highlights: 1st Half of FY2016

Financial highlights for the first half of FY2016 show a 9.3 % increase in net sales to ¥38,332 million compared with the same period in FY2015, driven primarily by a 10.9 % rise in entertainment segment sales to ¥34,713 million. Pachislot & Pachinko and real‑estate revenues also grew modestly, while amusement facilities revenue fell 5.9 %. Operating income surged 11.0 % to ¥11,069 million, largely due to higher entertainment operating profits, offset by declines in the pachislot & pachinko segment. Net income increased 1.3 % to ¥11,000 million for the full year, reflecting a modest 6.8 % decline in the first half but an overall positive trend. Consolidated balance‑sheet data as of September 30, 2016 show total assets at ¥99,609 million, down from ¥110,925 million a year earlier, largely due to reductions in current assets and investment securities. Current liabilities fell sharply from ¥10,584 million to ¥4,744 million, improving liquidity. Shareholders’ equity remained strong at ¥97,380 million, with retained earnings slightly lower than the prior year. The company’s cash and time deposits decreased to ¥10,132 million, while marketable securities increased to ¥1,230 million. The report covers Japan‑based operations for FY2016 (ending March 31, 2017) and presents consolidated financial statements in millions of yen. No survey methodology is disclosed; figures are derived from audited accounting records. Overall, the company achieved moderate revenue growth and improved profitability while maintaining a solid balance‑sheet position.

Koei Tecmo

market-analysis market-forecast investment+1

Financial Highlights: FY2015

Financial highlights for the fiscal year ending March 2016 show KOEI TECMO HOLDINGS CO., LTD. achieved modest revenue growth of 1.4 % to ¥38,332 million, driven mainly by a 5.8 % increase in Online & Mobile sales and a 1.5 % rise in Game Software revenue, while Pachislot & Pachinko and Amusement Facilities segments declined by 11.5 % and 18.8 %, respectively. Gross profit expanded 10.7 % to ¥18,924 million, and operating income grew 14.7 % to ¥11,069 million, reflecting higher profitability in the Online & Mobile and Real Estate segments. Net income increased 15.1 % to ¥10,855 million, with a net profit margin of approximately 28.3 %. On the balance‑sheet side, total assets decreased from ¥115,216 million to ¥110,925 million, largely due to a reduction in investment securities and intangible assets. Current assets rose slightly to ¥27,430 million, supported by higher cash and time deposits. Total liabilities fell from ¥14,543 million to ¥12,219 million, driven by a significant drop in long‑term liabilities and deferred tax obligations. Shareholders’ equity increased to ¥99,045 million, bolstered by retained earnings and a reduction in treasury stock. The data cover Japan‑based operations for FY2015, with financial statements prepared under Japanese GAAP. No survey methodology is involved; figures derive from audited consolidated accounts, reflecting the company’s performance across game software, online/mobile, media rights, and ancillary segments.

Koei Tecmo

Fiscal Year Ending March 2017: 1st Half Financial Results

The fiscal year ending March 31, 2017 shows a continued upward trajectory for KOEI TECMO HOLDINGS CO., LTD. First‑half sales rose 9.3 % to ¥16,576 million, while operating profit increased 11.0 % to ¥2,748 million and ordinary profit grew 13.3 % to ¥4,904 million. Net income for the period reached ¥3,786 million, a 6.8 % decline from the previous year but still above the FY2015 plan of ¥3,500 million. Dividend per share was raised to 62.4 yen, up from 55 yen in FY2015. Geographically, Japan contributed 74.9 % of sales (¥12,228 million) and 74.8 % of net income (¥11,350 million), while overseas markets accounted for 25.1 % of sales (¥4,348 million) and 22.3 % of net income (¥1,588 million). North America and Europe together contributed 14.9 % of sales and 13.0 % of net income, with Asia remaining the largest overseas segment at 8.7 % sales and 13.0 % net income. The company’s operating mix shows a shift toward digital platforms: online and mobile sales grew to 15 % of total revenue, up from 10 % in FY2015. Capital expenditures for development equipment were ¥9,000 million, while real‑estate spending was ¥8,000 million. Depreciation expenses were ¥4,862 million. Strategically, KOEI TECMO is emphasizing brand and IP development across multiple genres and platforms, with new titles such as “Nioh” and “BLUE REFLECTION” slated for release. The management policy highlights multi‑platform expansion, tie‑ups, and cross‑media collaborations to enhance IP value. The company maintains a 1:1.2 stock split and aims for its seventh consecutive year of profit growth, targeting the highest annual financial result to date.

Koei Tecmo

Financial Highlights: 3rd Quarter of the Fiscal Year Ending March 2016

Koei Tecmo Holdings reported a strong third‑quarter performance for fiscal year 2015, with net sales rising to ¥37.8 billion from ¥24.1 billion in the same period of FY2014, a 6.4% increase that exceeded the ¥40 billion forecast by 5.8%. Gross profit grew to ¥17.1 billion, up 7.6% from the prior year’s quarter, while operating income surged to ¥9.65 billion, a 19% rise that still fell short of the ¥10 billion target by 3.6%. Net income reached ¥9.43 billion, up 4.6% year‑on‑year and slightly below the ¥9.5 billion forecast. Segment analysis shows Game Software sales at ¥24.86 billion, a 10.8% decline from the previous year’s quarter but still above the ¥26.2 billion forecast by 5.4%. Online & Mobile sales increased 8.2% to ¥6.73 billion, outperforming the ¥7.7 billion forecast by 14.4%. Media & Rights, Pachislot & Pachinko, and Amusement Facilities all posted declines ranging from 2.8% to 20.5%, with the latter two falling below forecast expectations. Real Estate sales rose sharply by 41.5% to ¥628 million, while Other segment sales grew 11.1%. Operating income by segment mirrored these trends: Game Software contributed ¥7.8 billion, Online & Mobile added ¥1.13 billion, and Media & Rights delivered a modest ¥294 million. Pachislot & Pachinko added ¥718 million, and Amusement Facilities surprisingly posted a 609.5% increase to ¥56 million, though still below the ¥70 million forecast. Balance‑sheet data as of December 31, 2015 show total assets at ¥104.5 billion, down from ¥115.2 billion a year earlier, largely due to reductions in current assets and investment securities. Current liabilities fell to ¥5.38 billion from ¥10.95 billion, improving liquidity. Shareholders’ equity rose to ¥95.0 billion, supported by retained earnings and a modest increase in capital surplus. Overall, the company maintained solid profitability while tightening its balance sheet ahead of the next fiscal year.

Koei Tecmo

Financial Highlights: 1st Quarter of the Fiscal Year Ending March 2016

Koei Tecmo Holdings reported a strong first‑quarter performance for the fiscal year ending March 2016, with net sales rising 7.9% to ¥37.8 billion from ¥35.2 billion the prior year, and net income increasing 49.3% to ¥9.4 billion. Gross profit grew 22.6%, while operating income surged 46.8% to ¥9.7 billion, reflecting higher profitability across most segments. Game software sales led the increase at 10.7%, followed by online & mobile (−2.9%) and media & rights (+12.5%). Pachislot & pachinko sales rose 16.8%, whereas amusement facilities declined 6.9%. Real‑estate revenue jumped 92% but was offset by a corporate & elimination loss of ¥920 million. Operating income per segment showed dramatic gains in game software (314%) and pachislot & pachinko (48%), but a sharp decline in online & mobile (-55.8%) and media & rights (-89). Forecasts for the full year target net sales of ¥40 billion (up 5.8%) and operating income of ¥10 billion (up 3.6%). On the balance‑sheet side, total assets fell from ¥115.2 billion to ¥107.1 billion, largely due to reductions in current assets and investment securities. Current liabilities dropped by 49% to ¥5.6 billion, driven by lower trade payables and accrued bonuses. Shareholders’ equity decreased modestly to ¥90.2 billion, with retained earnings at ¥51.2 billion and a slight decline in treasury stock. Net assets stood at ¥98.1 billion, reflecting modest changes in other comprehensive income items such as unrealized gains on securities and foreign‑currency adjustments. The company’s liquidity position remained solid, with cash and time deposits at ¥10.9 billion and a current‑asset to liability ratio improving from 2.47 to 3.94. Overall, the quarter demonstrated robust revenue growth and improved profitability despite segment‑specific variances, positioning Koei Tecmo for a moderately optimistic full‑year outlook.

Koei Tecmo

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.

market-analysis investment japan+2

Koei Tecmo

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

Financial Highlights: 1st Half of Fiscal Year Ending March 2014

The financial highlights detail Tecmo Koei Holdings’ performance for the first half of fiscal year 2013, ending March 31 2014. Net sales rose 12.6 % to ¥34,639 million from the same period in fiscal 2012, driven primarily by a 10.8 % increase in game software sales and a 27.9 % rise in online & mobile revenue, while pachislot & pachinko and amusement facilities segments saw modest declines. Gross profit expanded 43.5 % to ¥13,939 million, and operating income surged 83.8 % to ¥6,208 million, reflecting higher margins across most segments; operating income from game software grew 34.3 %, and online & mobile rose 62.1 %. Net income climbed 329.6 % to ¥5,656 million, with a significant jump in income before taxes (213.9 % increase). Forecasts for the full year project net sales of ¥37,000 million and operating income of ¥7,000 million, representing modest year‑over‑year growth. On the balance sheet, total assets increased to ¥67,834 million from ¥63,594 million, largely due to a rise in investment securities and current assets. Current liabilities fell sharply from ¥12,303 million to ¥4,993 million, improving liquidity. Shareholders’ equity remained stable at approximately ¥82 billion, with retained earnings slightly lower due to higher operating expenses. The company’s cash position decreased from ¥13,851 million to ¥9,330 million, while marketable securities remained near ¥3.8 billion. Overall, the first half of FY2013 shows robust revenue growth driven by core gaming and digital segments, strong profitability improvements, and a healthier balance sheet with reduced short‑term liabilities. The company projects continued growth into the full fiscal year, maintaining solid operating margins and a stable equity base.

Koei Tecmo

investment market-analysis game-publishing+1

Financial Highlights: 1st Quarter of Fiscal Year Ending March 2013

Financial highlights for the first quarter of fiscal year ending March 2013 reveal a mixed performance across Tecmo Koei Holdings’ operating segments. Net sales fell 12.7 % year‑over‑year to ¥35,525 million, driven primarily by declines in Game Software (−19.2 %) and Online & Mobile (−10.0 %). Media & Rights sales were essentially flat, while Pachislot & Pachinko and Other segments posted modest gains of 127.4 % and 59.1 %, respectively. The company’s operating income contracted sharply, dropping 92.8 % to ¥5,758 million; this was largely due to a steep decline in Game Software operating income (−84.5 %) and a 17.6 % drop in Online & Mobile operating income. Conversely, Pachislot & Pachinko operating income surged 1,400 % to ¥551 million, and Media & Rights turned a loss into a profit of ¥157 million. Net income decreased 48.8 % to ¥4,640 million, reflecting the overall revenue and operating income downturns. Forecasts for the full year project net sales of ¥39,000 million (up 9.8 %) and operating income of ¥7,000 million (up 21.6 %). The report covers Japan‑based operations for the first quarter of FY2012, with data presented in millions of yen. Methodological details are not disclosed beyond segment classification changes, notably the transfer of CWS Brains from Amusement Facilities to Online & Mobile.

Koei Tecmo

Financial Highlights: 3rd Quarter of the Fiscal Year Ending March 2012

The financial highlights for the third quarter of fiscal year 2011 (ending March 2012) show a modest improvement in consolidated performance compared with the same period in 2010. Net sales rose by 7.1 % to ¥32,080 million from ¥29,974 million in the prior year’s third quarter. Gross profit increased 42.8 % to ¥11,558 million, while operating income surged 51.3 % to ¥3,305 million, reflecting stronger profitability across most business segments. Segment analysis reveals that Game Software sales grew 11.9 % to ¥21,594 million, contributing the largest share of operating income (¥2,336 million). Online & Mobile sales expanded 26.5 % to ¥4,610 million and generated a positive operating income of ¥1,202 million after a loss in the previous year. Media & Rights sales increased 24.2 % to ¥1,483 million but produced a modest operating profit of ¥157 million. Pachislot & Pachinko and Amusement Facilities sales both declined sharply (−30.7 % and −38.2 %, respectively), resulting in lower operating contributions of ¥497 million and ¥203 million. The Other segment saw a 7.4 % sales rise but remained a small contributor to operating income. Overall, the company’s forecasted full‑year net sales for FY2011 were set at ¥35,000 million, a 9.1 % increase over the prior year’s full‑year figure. Operating income forecasts were raised to ¥5,000 million, reflecting a 51.3 % year‑over‑year improvement. The data derive from consolidated financial statements covering all business segments in Japan, with figures reported in millions of yen.

Koei Tecmo

Summary of Consolidated Financial Results: Six Months Ended September 30, 2022

The six‑month financial results for Koei Tecmo Holdings, covering April 1 to September 30, 2022, show a decline in key performance metrics compared with the same period in 2021. Net sales fell by 6.6 % to ¥34,762 million from ¥37,220 million, while operating profit decreased 11.6 % to ¥18,321 million from ¥16,423 million. Ordinary profit and profit attributable to the parent dropped 29.5 % and 24.8 %, respectively, reaching ¥13,648 million versus ¥25,064 million in 2021. Earnings per share also contracted, with diluted EPS falling from ¥54.38 to ¥40.15. Balance‑sheet analysis indicates a modest contraction in total assets, from ¥219,803 million at March 31 to ¥206,489 million at September 30, and a decline in net assets from ¥138,101 million to ¥125,924 million. The equity ratio slipped slightly from 62.6 % to 60.7 %. Cash and deposits rose, while current liabilities remained relatively stable. The company forecasts full‑year 2023 results to show net sales of ¥77,000 million (5.8 % increase year‑on‑year) but operating profit of ¥32,500 million (5.9 % decrease). Ordinary profit is projected at ¥42,500 million, a 12.7 % decline, with comprehensive income expected at ¥31,500 million (10.9 % drop). Dividend policy remains unchanged with no interim dividends declared for the first two quarters of 2023. Methodologically, figures are prepared under Japanese GAAP with no significant changes in subsidiaries or accounting policies during the period. The report covers the entire Japanese market, focusing on Koei Tecmo’s consolidated operations across its gaming and related entertainment segments.

Koei Tecmo

Financial Results for the First Quarter: Fiscal Year Ending March 2026

Koei Tecmo Holdings reported first‑quarter results for the fiscal year ending March 2026, showing a 15.9 % decline in sales to ¥17.6 billion and a 55.5 % drop in net profit to ¥13.6 billion compared with the same period a year earlier. Operating profit fell 37.6 % to ¥5.7 billion, while ordinary profit decreased 53.1 % to ¥18.7 billion. The decline is attributed mainly to weaker performance in the online and mobile entertainment segment, where sales dropped ¥2.8 billion; personnel costs rose, but variable costs fell due to lower sales volumes. Segment analysis reveals the entertainment division contributed ¥16.6 billion in sales, down 18 % from year‑ago, with operating profit falling ¥2.0 billion. The amusement segment benefited from licensing income and new facility openings, adding ¥297 million in sales and ¥88 million in operating profit. Real‑estate revenue rose modestly from the KT Zepp Yokohama venue, while the “Others” segment recorded a loss of ¥310 million. Forecasts for FY25 project sales growth to ¥92.0 billion, an increase of 10.6 % from FY24, with operating profit expected at ¥31.0 billion (‑3.5 % from FY24). Net profit is projected at ¥27.0 billion, a 28.2 % decline from FY24, reflecting higher development and personnel costs anticipated in the second half of the year. Dividend per share is forecast at ¥43, down 28 % from FY24. The company maintains a Tokyo Stock Exchange Prime Market listing strategy, targeting a 35 % tradable‑share ratio by March 2026. Growth investment plans focus on human capital, with a projected 10 % annual increase in personnel costs and ¥25 billion allocated for new office space. M&A activity remains opportunistic, centered on intellectual‑property synergies. Geographically, the firm prioritizes expansion in North America, Europe, and China for console/PC titles, while online/mobile growth targets Japan, China, and surrounding regions with a long‑term global outlook. The pipeline for the fourth medium‑term management plan includes several major releases, such as “NIOH 3” and “NOBUNAGA’S AMBITION: Awakening Complete Edition,” slated for early 2025 and mid‑2025 respectively.