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Koei Tecmo Holdings Co.
Organization
3 documents
Documents
Report
Financial Results for the First Half of the Fiscal Year Ending March 2023
Koei Tecmo’s first‑half fiscal year ending March 2023 saw a 6.6 % decline in sales to ¥34.76 billion, driven by a 6.3 % drop in domestic Japanese revenue and a 7.0 % fall overseas, with Europe experiencing the steepest loss at 29.7 %. Despite this contraction, operating profit increased by 11.6 % to ¥18.32 billion, largely due to higher margins in the entertainment and amusement segments that offset revenue erosion. Net profit fell 24.8 % to ¥13.65 billion, reflecting a 29.5 % decline in ordinary profit and elevated non‑operating expenses. Strategically, the company is targeting ¥100 billion in FY2024 sales and ¥40 billion in operating profit, underpinned by a pipeline that includes a 5‑million‑copy console title and annual releases of two million copies, alongside smartphone games projected to generate ¥2 billion per month. The first‑half results reinforced the company’s focus on high‑quality AAA titles such as *Fire Emblem Warriors: Three Hopes* and new intellectual properties like *Wild Hearts* and *Wo Long: Fallen Dynasty*, while maintaining the FY2022 operating profit record. Innovation, specialization and diversification are central to Koei Tecmo’s “Transcendent Human Power” initiative. A low employee turnover rate of 4.2 % in FY21, below industry averages, is attributed to enhanced welfare, talent development and a collaborative culture that spans brands such as “Nioh.” These human‑capital investments are positioned to sustain profit growth and high profitability over the next twelve fiscal years.
Koei Tecmo Holdings Co.
Report
Financial Highlights for the Fiscal Year Ending March 2015 (FY2014)
Koei Tecmo Holdings reported a modest 0.6 % rise in net sales to ¥37,799 million for FY2015, up from ¥37,576 million in FY2014 and slightly below the ¥40,000 million forecast. Gross profit increased 5.9 % to ¥17,102 million, while operating income surged 35.2 % to ¥9,652 million, reflecting a strong performance in the Game Software and Other segments. Net income climbed 36.0 % to ¥9,434 million, though the increase was tempered by a 0.7 % rise in forecasted net income. Segment analysis shows Game Software sales fell 2.3 % to ¥24,863 million but operating income rose 29.6 %. Online & Mobile sales grew 4.8 % to ¥6,733 million with modest operating gains. Media & Rights sales jumped 32.5 % to ¥2,744 million, driving a 45.4 % rise in operating income. Pachislot & Pachinko and Amusement Facilities sales declined 11.4 % and 11.8 %, respectively, with significant operating losses in Amusement Facilities (‑93.7 %). The Other segment saw a 72.8 % sales increase to ¥774 million, translating into a 104.8 % rise in operating income. Balance‑sheet highlights include total assets rising from ¥100,622 million to ¥115,216 million, driven by increases in property and equipment (¥16,045→¥20,080 million) and investment securities (¥56,905→¥65,893 million). Current assets grew to ¥27,007 million, while current liabilities increased to ¥10,949 million. Shareholders’ equity expanded from ¥86,535 million to ¥92,919 million, supported by retained earnings growth and a rise in unrealized gains on securities. Net assets increased to ¥100,672 million, reflecting overall financial strengthening over the fiscal year.
Koei Tecmo Holdings Co.
