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Financial Highlights: 3rd Quarter of the Fiscal Year Ending March 2019

Financial highlights for KOEI TECMO Holdings’ third quarter of FY2018 show a robust 11.5 % increase in net sales to ¥38,926 million versus ¥26,806 million in the same period of FY2017. Gross profit rose 16.1 % to ¥19,360 million, while operating income surged 24.9 % to ¥11,711 million, reflecting strong performance across entertainment and pachislot & pachinko segments. Net income climbed 2.5 % to ¥13,017 million, though it fell short of the ¥12,500 million forecast by 4.0 %. Segment analysis reveals entertainment sales at ¥35,389 million (12.4 % YoY), pachislot & pachinko at ¥1,287 million (74.4 % YoY), and a modest decline in amusement facilities sales by 6.0 %. Operating income from entertainment reached ¥10,938 million (28.1 % YoY), while pachislot & pachinko contributed ¥474 million (92.5 % YoY). Real estate and other segments showed mixed results, with real estate operating income falling 20.3 % and other segment income declining 90.6 %. Balance‑sheet data as of December 31, 2018 indicate total assets of ¥116,220 million, down from ¥128,594 million at March 31, 2018, largely due to a reduction in current assets and investment securities. Current liabilities fell sharply from ¥11,027 million to ¥5,716 million, improving liquidity. Shareholders’ equity increased modestly from ¥113,178 million to ¥114,088 million. Net assets rose from ¥116,242 million to ¥109,561 million, reflecting changes in other comprehensive income and foreign‑currency adjustments. The company’s financial position remains solid, with a strong cash base of ¥5,120 million and a healthy equity cushion.

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Financial Highlights: FY2017

Financial highlights for the fiscal year ending March 2018 (FY2017) show a 5.1 % increase in net sales to ¥38,926 million, driven largely by a 7.2 % rise in the entertainment segment and a 73.7 % jump in other activities, while pachislot & pachinko sales fell 52.6 %. Operating income grew 33.4 % to ¥11,711 million, with entertainment contributing a 40 % rise and other activities doubling. Gross profit expanded 12.5 % to ¥19,360 million, and net income rose 12.0 % to ¥13,017 million, though the company forecast a slight decline of 4.0 % for FY2018. Total assets increased from ¥119,461 million to ¥129,367 million, largely due to higher investment securities (¥65,484 → ¥78,938 million) and fixed‑asset growth. Current assets fell 26 % as cash and deposits dropped from ¥11,868 million to ¥6,626 million. Liabilities rose modestly, with long‑term liabilities increasing from ¥1,484 million to ¥2,096 million. Shareholders’ equity grew from ¥105,639 million to ¥113,178 million, supported by retained earnings and capital surplus gains. The company’s geographic focus remains Japan‑centric, with revenue streams from entertainment venues, pachislot & pachinko operations, amusement facilities, real estate, and ancillary services. The financial data derive from consolidated statements covering the fiscal year ending March 2018, with comparative figures for FY2016 and FY2017. Methodological details are limited to standard accounting disclosures; no survey or external data sources are cited.

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Koei Tecmo

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Financial Highlights: Q1 FY2018

Financial highlights for the first quarter of fiscal year 2018 demonstrate robust growth across KOEI TECMO HOLDINGS’ core entertainment segment, with net sales rising 24.4% year‑over‑year to ¥38.9 billion, driven by a 27.9% increase in entertainment revenue to ¥35.4 billion. Operating income surged 133.0% to ¥11.7 billion, largely from a 162.2% jump in entertainment operating profit to ¥10.9 billion, while other segments such as pachislot & pachinko and amusement facilities showed mixed performance. Net income increased 7.2% to ¥13.0 billion, though the company reported a slight decline in income before taxes and minority interests by 8.5%. Segment analysis reveals that pachislot & pachinko sales fell 22.7% to ¥945 million, whereas amusement facilities grew 11.0% to ¥1.5 billion. Real estate revenue increased 6.9% to ¥784 million, and the “Other” segment contracted 29.5% to ¥584 million. Corporate eliminations contributed a negative ¥313 million in the quarter. Balance‑sheet data as of June 30, 2018 show total assets at ¥121.8 billion, down from ¥128.6 billion the previous year, primarily due to a reduction in current assets and investment securities. Current liabilities decreased to ¥7.9 billion from ¥11.0 billion, improving the current ratio. Shareholders’ equity stood at ¥109.5 billion, with retained earnings slightly lower than the prior year. Overall, the quarter reflects strong profitability in entertainment, modest declines in ancillary segments, and a solid liquidity position, positioning the company for continued growth into the remainder of FY2018.

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Koei Tecmo

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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.

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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.

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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.

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Koei Tecmo

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Financial Highlights: Fiscal Year Ending March 2011

Financial highlights for the fiscal year ending March 2011 show a mixed performance for Tecmo Koei Holdings. Net sales fell 7 % to ¥32,081 million from ¥34,502 million in FY2009, driven mainly by declines in game software sales (‑6.6 %) and media & rights revenue (‑44.7 %). Conversely, online & mobile sales grew 14.9 %, and pachislot & pachinko revenue increased 31.5 %. The “Other” segment, largely comprising new or restructured businesses, surged 167.3 % to ¥278 million. Operating income expanded dramatically by 415.6 %, rising from ¥641 million to ¥3,305 million. This surge was largely due to a 101.2 % jump in game software operating income and a 109.3 % increase in amusement facilities, offset by declines in pachislot & pachinko (‑17.4 %) and media & rights (negative contribution). The “Other” segment contributed a 326.3 % increase in operating income, reflecting successful new initiatives. Income before taxes and minority interests grew 49.4 % to ¥4,515 million, while net income increased modestly by 5.3 % to ¥2,741 million. The company’s profitability improved despite lower sales volumes, largely through cost efficiencies and higher-margin segments. The analysis covers Japan‑based operations for FY2010, using consolidated financial statements. Data are presented in millions of yen, with year‑over‑year comparisons highlighting key segment shifts and overall profitability trends.

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Financial Highlights: 3rd Quarter of Fiscal Year Ending March 2011

The financial highlights for the third quarter of fiscal year ending March 2011 show a marked turnaround from the prior year. Net sales rose to ¥34,502 million, up 11.1% from the same quarter in FY2009 and slightly below the ¥36,500 million forecast. Gross profit increased to ¥10,779 million, a 9.9% rise over the previous year’s quarter. Operating income swung from a loss of ¥1,842 million to a profit of ¥641 million, reflecting an 680% improvement. Income before taxes and minority interests climbed to ¥3,023 million, a 111.7% increase, while net income rebounded to ¥2,604 million, a 34.4% gain. Segment performance varied: Game software sales grew to ¥23,116 million (6.9% above forecast) but declined 13.1% from the prior year’s quarter; Online & Mobile sales increased by 10.2%; Media & Rights fell sharply by 28.6%; Pachislot & Pachinko sales rose 12.1%; Amusement Facilities grew 10.2%; and Other revenue surged 106.6%. Operating income by segment shifted from losses in Game software and Online & Mobile to profits across all segments, with Amusement Facilities and Other showing the largest percentage gains (426.3% and 208.7%, respectively). Geographically, the data encompass Japan’s domestic market across gaming software, online/mobile platforms, media rights, pachislot/pachinko machines, amusement facilities, and ancillary services. The period covers the third quarter of FY2010 (April–June 2010), with comparisons to the same quarter in FY2009 and full‑year figures. The analysis relies on consolidated financial statements, with no explicit survey methodology noted. Overall, the company achieved a significant recovery in profitability and revenue diversification during this quarter.

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Report

Financial Highlights: 1st Half of Fiscal Year Ending March 2011

The financial highlights cover Tecmo Koei Holdings’ first half of fiscal year 2010, ending March 2011, and compare results to the same period in 2009 as well as full‑year figures. Net sales fell 27.5 % year‑on‑year in the first half, reaching ¥34.5 billion versus ¥15.3 billion in 2009, but the full‑year forecast of ¥36.5 billion represents a modest 5.8 % increase over the previous year’s full‑year sales of ¥34.0 billion. Gross profit declined 40.9 % in the first half, while operating income swung from a loss of ¥641 million to a profit of ¥641 million, reflecting a 680 % improvement. Income before taxes rose sharply to ¥3.0 billion, and net income turned positive at ¥2.6 billion after a ¥415 million loss in 2009. Segment analysis shows Game Software sales dropped 34.2 % to ¥23.1 billion, yet the full‑year forecast is only 6.9 % higher than 2009. Online & Mobile sales fell 12.3 %, Media & Rights declined 20.5 %, and Pachislot & Pachinko sales fell 22.8 %. Amusement Facilities sales decreased 10.7 %, while the Other segment grew 150 % in the first half, though it remains a small contributor. Operating income by segment reveals significant swings: Game Software moved from a loss of ¥839 million to a profit of ¥1.2 billion, Online & Mobile remained negative, Media & Rights improved modestly, and Amusement Facilities saw a 249 % rise in the first half. The data derive from consolidated financial statements for the Japanese company, covering domestic and international operations across five business segments. The report presents year‑on‑year comparisons and full‑year forecasts, highlighting volatility in gaming and entertainment revenue streams while noting overall profitability improvement for the fiscal year.

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Koei Tecmo

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