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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.
- KOEI TECMO HOLDINGS CO., LTD. achieved a net income of ¥10,855 million for FY2015, representing a 15.1% increase and a strong net profit margin of approximately 28.3%.
- Operating income grew by 14.7% to ¥11,069 million, driven by improved profitability within the Online & Mobile and Real Estate business segments.
- Total revenue reached ¥38,332 million, a modest 1.4% year-over-year increase supported by growth in Online & Mobile (5.8%) and Game Software (1.5%) sales.
- Performance was negatively impacted by significant declines in the Pachislot & Pachinko and Amusement Facilities segments, which fell by 11.5% and 18.8% respectively.
- The company strengthened its balance sheet by reducing total liabilities from ¥14,543 million to ¥12,219 million while increasing shareholders’ equity to ¥99,045 million.
Financial Highlights: 1st Quarter of the Fiscal Year Ending March 2017
Financial highlights for the first quarter of KOEI TECMO Holdings’ fiscal year ending March 2017 reveal a robust revenue increase and strong profitability across most segments. Net sales rose 12.9 % year‑over‑year to ¥38,332 million, driven primarily by the entertainment segment, which grew 16.2 % to ¥34,713 million; pachislot & pachinko sales increased modestly by 0.8 % to ¥1,788 million, while amusement facilities and real‑estate segments contracted 18.3 % and 2.9 %, respectively. Operating income surged 70.6 % to ¥11,069 million, with the entertainment division contributing 89.5 % of this gain. Net income fell 46.7 % to ¥10,855 million, largely due to a 58.6 % decline in income before taxes and minority interests.
On the balance‑sheet side, total assets contracted from ¥110.9 billion to ¥97.3 billion, largely driven by a reduction in current assets and investment securities. Current liabilities fell sharply from ¥10.6 billion to ¥4.9 billion, reflecting lower trade payables and accrued bonuses. Shareholders’ equity decreased from ¥99.0 billion to ¥94.7 billion, with retained earnings declining from ¥60.0 billion to ¥55.6 billion. Net assets fell from ¥98.7 billion to ¥91.0 billion, and accumulated other comprehensive income shifted from a negative ¥523 million to a positive ¥3.9 billion, largely due to foreign‑currency translation adjustments.
The data cover Japan‑based operations for the fiscal year ending March 2016, with quarterly figures reported as of June 30 2016. The report aggregates consolidated financial statements without detailing survey methodology, relying instead on standard accounting disclosures.
- KOEI TECMO Holdings reported a 12.9% year-over-year increase in net sales to ¥38,332 million for the first quarter ending June 30, 2016.
- Operating income surged 70.6% to ¥11,069 million, with the entertainment division serving as the primary driver by contributing 89.5% of this total gain.
- Net income declined 46.7% to ¥10,855 million, primarily attributed to a 58.6% drop in income before taxes and minority interests.
- The entertainment segment grew 16.2% to ¥34,713 million, while amusement facilities and real-estate segments contracted by 18.3% and 2.9%, respectively.
- Total assets decreased from ¥110.9 billion to ¥97.3 billion, driven by reductions in current assets and investment securities.
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.
- Net sales for the first half of FY2016 rose 9.3% year-over-year to ¥38,332 million, driven by a 10.9% increase in entertainment segment sales to ¥34,713 million.
- Operating income grew 11.0% to ¥11,069 million, supported by strong entertainment segment performance despite declines in the pachislot and pachinko business.
- Net income for the full year reached ¥11,000 million, representing a 1.3% increase despite a 6.8% decline recorded during the first half.
- Liquidity improved significantly as current liabilities dropped from ¥10,584 million to ¥4,744 million compared to the previous year.
- Total assets decreased to ¥99,609 million as of September 30, 2016, down from ¥110,925 million, primarily due to reductions in current assets and investment securities.
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 Holdings reported a significant revenue increase to ¥38.3 billion for the third quarter of fiscal 2016, up from ¥22.5 billion in the same period of the previous year.
- Operating income rose 11.1% to ¥11.1 billion, while net income grew 12.3% to ¥10.9 billion, tracking closely toward the company's full-year forecast of ¥11 billion.
- The entertainment segment remains the primary driver of financial performance, generating ¥34.7 billion in sales and contributing ¥10.4 billion to the total operating income.
- Pachislot and pachinko revenue experienced a notable 26.8% year-over-year increase, reaching ¥1.79 billion.
- The company improved its liquidity position as current liabilities dropped to ¥5.1 billion, while shareholders’ equity increased to ¥99.7 billion.
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’s net income rose 7.1% to ¥11,624 million for the fiscal year ending March 2017, despite a 3.4% decline in total net sales to ¥37,034 million.
- Operating income contracted by 20.7% to ¥8,781 million, primarily driven by a 25% profit decline in the entertainment segment and a 57.2% drop in amusement facilities.
- The company’s 'Other' segment, encompassing real estate and ancillary activities, acted as a critical hedge, with sales growing 145.7% and operating profit surging 474.1%.
- Core gaming operations struggled, with the entertainment segment reporting a 4.9% decline in sales and the amusement facilities segment recording a 1.5% drop.
- Total assets increased by 7.9% to ¥119,461 million, largely due to a rise in fixed assets from ¥83,495 million to ¥92,772 million following significant land acquisitions.
Financial Highlights: 1st Quarter of Fiscal Year Ending March 2018
Financial highlights for KOEI TECMO HOLDINGS CO., LTD. cover the first quarter of fiscal year ending March 2018, comparing results to FY2017 and a forecast for the full year. Net sales fell 15.3 % to ¥37,034 million, driven by a 14.8 % decline in the entertainment segment and a 40.7 % drop in pachislot & pachinko revenue, while amusement facilities grew modestly by 0.7 %. Gross profit decreased 10.7 % to ¥17,211 million, and operating income contracted 16.4 % to ¥8,781 million; however, income before taxes surged 239.8 % to ¥15,211 million due largely to a sharp rise in operating income from the entertainment segment. Net income increased 182.5 % to ¥11,624 million, reflecting higher profitability in core gaming operations.
Segment‑level operating income mirrored sales trends: entertainment contributed ¥7,815 million (−16.9 % YoY), pachislot & pachinko ¥736 million (−48.9 % YoY), and amusement facilities ¥27 million (−20 %). Forecasts for the full year project net sales of ¥42,000 million (+13.4 % YoY) and operating income of ¥11,500 million (+31.0 % YoY), indicating a recovery trajectory.
Balance‑sheet data as of June 30, 2017 show total assets at ¥113,530 million and liabilities at ¥9,077 million, with shareholders’ equity of ¥104,452 million. Current assets declined from ¥26,689 million to ¥20,387 million, largely due to reduced cash and time deposits. Current liabilities fell from ¥11,460 million to ¥7,354 million, driven by lower trade payables and short‑term loans. The company’s liquidity position remains solid, with a current ratio above 2:1 and a debt‑to‑equity ratio below 0.09, supporting continued investment in gaming and entertainment assets across Japan during the fiscal year.
- Net income for Q1 FY2018 surged 182.5% to ¥11,624 million, driven by increased profitability in core gaming operations despite a 15.3% decline in total net sales to ¥37,034 million.
- Income before taxes rose 239.8% to ¥15,211 million, bolstered by a sharp increase in operating income from the entertainment segment.
- Operating income across all segments declined, with the entertainment segment falling 16.9% to ¥7,815 million and the pachislot & pachinko segment dropping 48.9% to ¥736 million.
- Full-year forecasts project a recovery trajectory with net sales reaching ¥42,000 million (+13.4% YoY) and operating income hitting ¥11,500 million (+31.0% YoY).
- As of June 30, 2017, the company maintains a strong balance sheet with ¥104,452 million in shareholders’ equity and a debt-to-equity ratio below 0.09.
Financial Highlights: 1st Half of the Fiscal Year Ending March 2018
Financial highlights for the first half of KOEI TECMO HOLDINGS’ fiscal year ending March 2018 reveal a mixed performance. Net sales fell 10 % to ¥16,576 million compared with the same period in FY2016, driven mainly by a 51.9 % decline in Pachislot & Pachinko revenue and a 64.3 % drop in the Other segment, offset by growth in Entertainment (−8.4 %) and Amusement Facilities (+4.9 %). Gross profit contracted 3.2 % to ¥6,569 million, while operating income rose 31 % to ¥2,748 million, largely due to a 32.4 % increase in Entertainment operating income and a 21.0 % rise in Real Estate. Income before taxes surged 40.6 % to ¥4,904 million, and net income climbed 33.0 % to ¥3,786 million, reflecting improved profitability in core entertainment operations.
The balance sheet as of September 30, 2017 shows total assets at ¥119.5 billion, slightly down from the prior year’s ¥120.0 billion. Current assets decreased to ¥17,143 million, largely because cash and time deposits fell from ¥11,868 million to ¥5,062 million. Current liabilities also dropped sharply to ¥6,530 million from ¥11,460 million, driven by lower trade payables and accrued bonuses. Long‑term liabilities increased to ¥2,543 million from ¥1,484 million, mainly due to higher deferred tax liabilities. Shareholders’ equity remained stable at ¥105.6 billion, with retained earnings slightly lower.
Overall, the company experienced a decline in sales but improved operating efficiency and profitability. Cash reserves were reduced, while liabilities shifted toward longer‑term obligations, indicating a strategic focus on restructuring and investment in future growth areas.
- Koei Tecmo Holdings reported a 33.0% increase in net income to ¥3,786 million for the first half of FY2018, despite a 10% decline in net sales to ¥16,576 million.
- Operating income rose 31% to ¥2,748 million, driven by a 32.4% increase in operating income within the Entertainment segment and a 21.0% rise in the Real Estate segment.
- The company's top-line revenue decline was primarily caused by a 51.9% drop in Pachislot & Pachinko revenue and a 64.3% decline in the Other segment.
- Cash and time deposits decreased significantly from ¥11,868 million to ¥5,062 million as of September 30, 2017.
- Current liabilities fell sharply to ¥6,530 million from ¥11,460 million, while long-term liabilities increased to ¥2,543 million due to higher deferred tax liabilities.
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.
- KOEI TECMO HOLDINGS reported a 24.4% year-over-year increase in net sales to ¥38.9 billion for Q1 FY2018, driven primarily by a 27.9% rise in entertainment segment revenue to ¥35.4 billion.
- Operating income surged 133.0% to ¥11.7 billion, fueled by a 162.2% jump in entertainment operating profit to ¥10.9 billion.
- Net income grew 7.2% to ¥13.0 billion, despite an 8.5% decline in income before taxes and minority interests.
- Performance in non-entertainment segments was mixed, with amusement facilities revenue growing 11.0% to ¥1.5 billion, while pachislot & pachinko sales fell 22.7% to ¥945 million.
- Total assets decreased to ¥121.8 billion as of June 30, 2018, down from ¥128.6 billion the previous year due to reductions in current assets and investment securities.
Financial Highlights: 1st Half of Fiscal Year Ending March 2019
Financial highlights for the first half of fiscal year ending March 2019 show a strong performance across KOEI TECMO HOLDINGS’ core entertainment and gaming segments. Net sales rose 16.7 % year‑over‑year to ¥38,926 million, driven mainly by the entertainment segment (¥35,389 million, up 16.7 %) and a significant increase in pachislot & pachinko revenue (¥945 million, up 55.3 %). Amusement facilities and real‑estate sales also grew modestly, while the “Other” segment contracted sharply. Operating income surged 64.3 % to ¥11,711 million, with entertainment contributing the largest share (¥10,938 million). The company’s profitability metrics improved markedly: gross profit margin climbed to 31.7 %, operating margin reached 64.3 % of sales, and net income increased 24.9 % to ¥13,017 million.
Balance‑sheet activity reflected a modest expansion of current assets, particularly cash and marketable securities, while fixed‑asset levels remained stable. Total assets decreased slightly from ¥128,594 million to ¥126,631 million, largely due to a reduction in investment securities. Current liabilities fell by 25 % to ¥8,216 million, improving liquidity. Shareholders’ equity remained robust at ¥112,938 million, with retained earnings near ¥73 billion. Net assets increased marginally to ¥117,092 million.
The data cover Japan‑based operations for the first six months of FY2018, with comparative figures from FY2017 and full‑year projections. The report relies on consolidated financial statements prepared under Japanese GAAP, providing a comprehensive view of revenue streams, profitability, and balance‑sheet health for the company’s entertainment and gaming business.
- KOEI TECMO HOLDINGS reported a 64.3% surge in operating income to ¥11,711 million for the first half of the fiscal year ending March 2019.
- Net sales grew 16.7% year-over-year to ¥38,926 million, primarily driven by the entertainment segment which generated ¥35,389 million.
- Net income increased by 24.9% to ¥13,017 million, supported by an operating margin of 64.3% and a gross profit margin of 31.7%.
- Pachislot and pachinko revenue saw significant growth, rising 55.3% to ¥945 million.
- Liquidity improved as current liabilities decreased by 25% to ¥8,216 million during the six-month period.
Financial Highlights: Fiscal Year Ending March 2019
Financial highlights for the fiscal year ending March 2019 show KOEI TECMO HOLDINGS CO., LTD. maintained stable top‑line performance, with net sales rising 0.1 % to ¥38,968 million compared to the prior year and a forecasted increase of 10.3 % for FY2019. Gross profit grew 2.9 %, while operating income expanded by 3.3 % to ¥12,092 million; the company’s operating margin remained near 31 %. Income before taxes and minority interests increased modestly by 0.1 % to ¥18,307 million, but net income declined 5.1 % to ¥13,000 million against a forecast of ¥13,694 million.
Segment analysis reveals the entertainment division as the largest contributor to sales (¥35.1 billion) but experienced a slight 0.8 % decline, whereas the pachislot & pachinko segment surged 73.4 % in sales to ¥1,639 million and doubled operating income. Amusement facilities saw a marginal drop in sales but improved profitability, while real estate and other segments contracted sharply. The company’s balance sheet shows total assets of ¥129,192 million, up 0.6 % from the previous year, driven largely by increases in cash and marketable securities. Current liabilities fell 18 % to ¥8,957 million, largely due to reduced tax payable and allowances. Shareholders’ equity rose 5.4 % to ¥119,204 million, supported by retained earnings growth and a modest increase in capital surplus.
The financial data cover Japan‑based operations for FY2019, with figures presented in millions of yen. The report relies on consolidated financial statements prepared under Japanese GAAP, reflecting a comprehensive view of the company’s performance and liquidity across its entertainment, pachislot & pachinko, amusement facilities, real estate, and other business segments.
- Koei Tecmo Holdings maintained stable top-line performance for the fiscal year ending March 2019, with net sales rising 0.1% to ¥38,968 million.
- Operating income grew 3.3% to ¥12,092 million, maintaining a strong operating margin of approximately 31%.
- Net income declined 5.1% to ¥13,000 million, falling short of the company's initial forecast of ¥13,694 million.
- The pachislot & pachinko segment was a major growth driver, surging 73.4% in sales to ¥1,639 million and doubling its operating income.
- The core entertainment division, while remaining the largest revenue contributor at ¥35.1 billion, experienced a slight sales decline of 0.8%.
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.
- KOEI TECMO Holdings reported strong Q3 FY2018 growth with net sales rising 11.5% to ¥38,926 million and operating income surging 24.9% to ¥11,711 million.
- The entertainment segment drove the majority of performance with ¥35,389 million in sales (up 12.4% YoY) and ¥10,938 million in operating income (up 28.1% YoY).
- The pachislot & pachinko segment saw significant growth, with sales increasing 74.4% to ¥1,287 million and operating income jumping 92.5% to ¥474 million.
- Net income reached ¥13,017 million, representing a 2.5% increase, though this result fell 4.0% short of the company's ¥12,500 million forecast.
- Liquidity improved significantly as current liabilities were nearly halved, dropping from ¥11,027 million to ¥5,716 million between March and December 2018.
Financial Highlights: FY2019 Q1
Financial highlights for KOEI TECMO HOLDINGS CO., LTD. cover the fiscal year ending March 2020, with a focus on first‑quarter performance and full‑year comparisons to FY2018. Net sales fell 10.9 % in the first quarter of FY2019 versus the same period in FY2018, totaling ¥38.97 billion against a forecast of ¥43 billion (+10.3 %). Segment analysis shows entertainment sales declined 13.4 % to ¥35.12 billion, while amusement revenue rose 26.9 % to ¥3.16 billion; real‑estate and other segments also experienced mixed movements, with real‑estate sales up 25.1 % but operating income down 47.9 %. Operating income for the quarter dropped 58.3 % to ¥12.09 billion, below the forecast of ¥12 billion (-0.8 %). Net income fell 22.1 % to ¥13.69 billion, versus a forecast of ¥13 billion (-5.1 %).
Balance‑sheet data as of June 30, 2019 show current assets at ¥14.82 billion, down from ¥19.77 billion in March 2019, largely due to reductions in cash and receivables. Total assets declined from ¥129.19 billion to ¥123.08 billion, while liabilities decreased from ¥9.91 billion to ¥8.65 billion, improving the equity‑to‑asset ratio. Shareholders’ equity fell from ¥119.20 billion to ¥114.57 billion, driven by lower retained earnings and a modest increase in treasury stock.
The report relies on consolidated financial statements, comparing quarterly results to the prior year and to management forecasts. Geographic coverage is Japan‑centric, with no international revenue breakdown provided. The data period spans FY2018 to FY2019, focusing on quarterly and full‑year metrics across entertainment, amusement, real‑estate, and other segments.
- Koei Tecmo Holdings reported a 10.9% year-over-year decline in net sales for Q1 FY2019, totaling ¥38.97 billion and missing the company's forecast of ¥43 billion.
- Operating income for the quarter fell by 58.3% to ¥12.09 billion, while net income decreased by 22.1% to ¥13.69 billion.
- The core entertainment segment drove the overall decline, with sales dropping 13.4% to ¥35.12 billion compared to the same period in FY2018.
- Amusement revenue provided a bright spot with a 26.9% increase to ¥3.16 billion, and real-estate sales grew by 25.1%.
- Despite the sales decline, the company's equity-to-asset ratio improved as total liabilities decreased from ¥9.91 billion to ¥8.65 billion by June 30, 2019.