PC
Report
Consolidated Financial Results: Three Months Ended June 30, 2023
The quarterly consolidated financial results for the three months ended June 30, 2023 show a modest decline in net sales to ¥18.30 billion from ¥18.65 billion a year earlier, representing a 1.9 % drop. Operating profit fell sharply to ¥7.51 billion, a 35.6 % decrease from the prior year’s ¥11.66 billion, while ordinary profit contracted to ¥10.55 billion from ¥14.69 billion, a 28.5 % decline. Profit attributable to owners of the parent company decreased to ¥6.75 billion versus ¥10.55 billion, a 36.3 % reduction. Basic earnings per share fell to ¥33.46 from ¥21.43, and diluted earnings per share dropped to ¥31.24 from ¥19.86. Total assets increased to ¥232.80 billion, driven largely by higher investment securities and cash balances, while net assets rose to ¥144.25 billion, improving the capital adequacy ratio from 67.4 % to 61.7 %. Shareholders’ equity remained stable at ¥144.13 billion, with retained earnings slightly lower due to the operating loss. The company forecasts full‑year 2024 net sales at ¥95.00 billion, a 21.1 % increase over the previous year, and operating profit at ¥37.50 billion, a 4.2 % decline from the prior year’s ¥40.50 billion. Ordinary profit is projected at ¥31.00 billion, a 0.2 % rise, and earnings per share at ¥98.40. The report covers Japan‑based operations under Japanese GAAP for the fiscal year ending March 31, 2024. Methodology follows standard quarterly consolidation procedures with no changes in accounting policies or significant subsidiary adjustments during the period. The company issued 336 million shares, with an average of 315 million shares outstanding during the quarter.
Koei Tecmo
Report
Consolidated Financial Results: Year Ended March 31, 2023
The consolidated financial results for Koei Tecmo Holdings Co., Ltd. cover the fiscal year ending March 31, 2023 (April 1, 2022‑March 31, 2023). Net sales rose to ¥78.4 billion from ¥72.8 billion, a 7.8 % increase, while operating profit climbed to ¥39.1 billion, up 13.3 %. Ordinary profit fell by 18.1 % to ¥39.9 billion, and profit attributable to owners of the parent decreased 12.5 % to ¥30.9 billion, reflecting higher operating costs and a decline in non‑operating income. Comprehensive income for the year was ¥20.7 billion, down 19.3 % from ¥25.7 billion the prior year. Total assets declined to ¥210.9 billion from ¥219.8 billion, while net assets increased to ¥142.7 billion, improving the capital adequacy ratio from 62.6 % to 67.4 %. Cash and cash equivalents fell by ¥7.9 billion, largely due to significant treasury share repurchases and a shift in investment strategy. Operating cash flow rose to ¥29.7 billion, driven by higher operating profit and improved working‑capital management, but investing cash flow remained negative at ¥21.4 billion due to continued investment in securities and property. Dividend policy remained consistent, with a total payout of ¥15.8 billion (50.9 % of net sales) and a year‑end dividend of ¥50 million per share. Forecasts for the 2024 fiscal year project net sales of ¥95 billion and operating profit of ¥21.1 billion, indicating a modest growth outlook amid ongoing market consolidation and regulatory changes. The company’s financial position remains solid, with a stable equity base and manageable debt levels, positioning it to navigate the evolving gaming industry landscape.
Koei Tecmo
