Koei Tecmo Wave Balance Sheet: FY2019
Koei Tecmo Wave, a subsidiary of the Koei Tecmo Group specializing in amusement facility management and arcade equipment, maintained a stable financial position for the fiscal year ending March 31, 2020. The balance sheet reflects a total asset value of 2.58 billion yen, with a significant concentration in liquid assets. Current assets account for 1.92 billion yen, largely driven by 1.47 billion yen in short-term loans to affiliated companies, suggesting a centralized cash management strategy within the broader corporate group. Cash and deposits stand at 124 million yen, while accounts receivable total 186 million yen.
The fixed asset portfolio, valued at 665 million yen, is primarily composed of tangible assets related to amusement facility equipment and buildings, totaling 253 million yen. Investment and other assets contribute 409 million yen, which includes substantial leasehold deposits of 290 million yen, typical for a business operating physical entertainment venues. On the liability side, the company maintains a conservative debt profile with 588 million yen in total liabilities, all of which are classified as current. Key obligations include accounts payable of 77 million yen and accrued income taxes of 121 million yen.
The company’s equity position remains robust, with total net assets of 1.99 billion yen. This is supported by 100 million yen in capital stock and 1.25 billion yen in capital surplus. Retained earnings reached 647 million yen, bolstered by a reported net income of 303 million yen for the fiscal period. Accounting methodologies follow standard Japanese practices, utilizing declining-balance and straight-line depreciation for fixed assets and cost-basis valuation for inventories. Overall, the data indicates a highly liquid, profitable operation with minimal long-term debt and strong internal financing capabilities.
