Investment
Report
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
Report
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
