Koei Tecmo

Game Co.

212 documents

Japanese developer/publisher. Dynasty Warriors, Nioh, Dead or Alive, Atelier, Romance of the Three Kingdoms.

Documents

Report

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.

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Koei Tecmo

Report

Financial Results for the First Quarter: Fiscal Year Ending March 2022

The financial overview for the first quarter of fiscal 2022 highlights a robust performance driven by new console releases and strong back‑catalogue sales. Total revenue rose 80.6 % from ¥11,363 million to ¥20,520 million, with operating profit more than doubling from ¥4,387 million to ¥9,718 million (121.5 % increase). Ordinary and net profits also surged by 105.5 % and 101.9 %, respectively, reflecting higher margins across the entertainment segment. Revenue composition shifted toward console titles, which accounted for 48.7 % of sales in the overseas market and 38.3 % domestically, supported by launches such as *Samurai Warriors 5* and remastered collections like *Ninja Gaiden: Master Collection*. Online/mobile sales grew 55.8 % in download volume, with the Romance of the Three Kingdoms series expanding into licensing‑out agreements. Non‑operating income benefited from gains on investment securities, prompting an upward revision of the half‑year earnings estimate. Geographically, Japan contributed 38.3 % of sales while overseas markets grew by 51.3 %, with North America and Europe showing mixed results—North America doubled its unit sales, whereas European units fell 26.3 %. Headcount increased by 2.5 % to 2,088 employees, and cost of goods sold rose 22.6 %, largely due to higher production for new titles. Methodologically, the report aggregates quarterly financial statements, sales data by platform and region, and download metrics from the company’s global service portfolio. The analysis underscores a strategic focus on IP licensing, back‑catalogue monetization, and digital distribution to sustain growth in the second half of fiscal 2022.

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Koei Tecmo

Report

FY2022 Financial Results: Koei Tecmo Holdings

Koei Tecmo Holdings reports FY2022 financial results, emphasizing continued growth in its core gaming segment while expanding into ancillary IP‑licensing and merchandise ventures. Revenue rose 12 % year‑over‑year to ¥45.3 billion, driven primarily by strong performance of flagship titles such as “Ryza 3” and “Monster Farm.” Net income increased to ¥8.7 billion, reflecting improved operating efficiency and cost management across development and marketing functions. The company highlights a strategic shift toward multi‑platform releases, with several titles launched simultaneously on consoles, PC, and mobile. International sales accounted for 38 % of total revenue, up from 34 % in FY2021, underscoring successful penetration into North American and European markets. In addition to core game sales, Koei Tecmo introduced a new licensing‑out program that generated ¥1.2 billion in ancillary income, including collaborations with global IP holders and the launch of branded apparel and food products. Methodologically, figures derive from consolidated financial statements audited by an independent firm. The report references quarterly operating metrics and segment‑level breakdowns, though it does not disclose survey data or external market research. Geographic coverage spans Japan (the primary operating base), North America, Europe, and select Asian markets, with a focus on the 2022 fiscal year ending March 31. The company projects continued expansion of its IP‑licensing portfolio and anticipates further revenue diversification through cross‑media tie‑ins, while acknowledging risks related to market volatility and competitive dynamics.

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Koei Tecmo

Report

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.

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Koei Tecmo

Report

Financial Highlights: FY2012

Financial highlights for the fiscal year ending March 2013 (FY2012) show a modest decline in net sales of 2.5 % to ¥34,639 million, driven mainly by a 4.7 % drop in Game Software sales and a 2.7 % fall in Online & Mobile revenue. Gross profit, however, increased by 3.3 % to ¥13,939 million, reflecting higher operating income of 7.8 % (¥6,208 million) and a 17.4 % rise in income before taxes to ¥8,779 million. Net income grew 21.9 % to ¥5,656 million, supported by a 27 % jump in Game Software operating income and a 15.2 % increase from Pachislot & Pachinko, offset by a 50 % decline in Online & Mobile operating income. Segment performance varied: Pachislot & Pachinko sales rose 29 % to ¥2,195 million; Amusement Facilities grew 2.4 %; Other segments saw an 8 % rise, while Media & Rights fell 5.3 %. The company’s balance sheet expanded, with total assets rising from ¥54,909 million to ¥63,594 million, largely due to a jump in cash and time deposits (¥6,742 → 13,851 million) and investment securities (¥33,752 → 45,339 million). Current liabilities increased from ¥9,220 million to ¥12,303 million, driven by higher trade payables and income taxes payable. Shareholders’ equity grew from ¥77,934 million to ¥82,392 million, supported by retained earnings and capital surplus gains. The report covers Japan‑based operations for FY2012, with data presented in millions of yen. It relies on consolidated financial statements prepared under Japanese GAAP, reflecting a full year’s performance and balance sheet as of March 31, 2013.

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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.

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Koei Tecmo

Report

Financial Results for the Third Quarter: Fiscal Year Ending March 2024

The quarterly report details KOEI TECMO HOLDINGS’ financial performance for the third quarter of fiscal 2024, highlighting a 23.7 % increase in sales to ¥61.1 billion compared with the same period a year earlier, driven largely by online and mobile game revenues. Operating profit rose to ¥20.3 billion, a 33.2 % gain, while ordinary and net profits grew by 55.3 % and 39.7 %, respectively, reflecting strong profitability in the entertainment segment. Geographically, Japan contributed 61.1 % of sales (¥37.4 billion), up from 51.6 %, while overseas sales remained flat at 38.9 % (¥23.8 billion). Within overseas markets, North America and Europe saw modest declines of 2.7 % and 15.0 %, whereas Asia maintained a stable share at 27.3 %. Digital sales accounted for 84.2 % of total revenue, up 5.4 percentage points from the prior year, underscoring a shift toward downloadable content and mobile titles. Key titles released in Q3 included “Fate/Samurai Remnant” and the DLC for “Wo Long: Fallen Dynasty,” while “Nobunaga’s Ambition” and “Atelier Resleriana” drove mobile downloads, achieving over three million installs. The company plans to launch “Rise of the Ronin” in March 2024 and expand mobile offerings overseas, supported by a new partnership with Akatsuki Inc., which involved underwriting 1.13 million shares. The FY2023 plan projects sales of ¥95 billion, a 21.1 % increase over FY22, with operating profit expected at ¥37.5 billion (a 4.2 % decline from the plan) and net profit at ¥31 billion, reflecting cautious outlook amid global economic shifts.

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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.

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Report

Financial Results for the Third Quarter of the Fiscal Year Ending March 2022

The quarterly report for the third quarter of fiscal 2022 highlights a record‑high performance driven primarily by strong sales in the online and mobile sectors, supported by the in‑house title “Romance of the Three Kingdoms Ha‑do” and the IP‑licensing title “Three Kingdoms Tactics.” Cumulative downloads in these sectors rose 57 % year‑over‑year, contributing to a 25.9 % increase in total sales from ¥43.95 billion to ¥55.33 billion, and a 40.1 % rise in operating profit to ¥27.13 billion. The entertainment segment alone grew 26.3 % in sales, with overseas markets accounting for over half of the increase. Console performance remained solid, with new releases such as “Blue Reflection: Second Light” and “Dynasty Warriors 9 Empires” achieving strong launch sales, while the overall console unit sales declined by 30.1 % compared to the prior year due to a shift toward digital and mobile offerings. Digital download sales surged 35.2 %, and mobile smartphone/social game revenue grew 67.9 % to ¥25.74 billion, reflecting a strategic pivot toward digital distribution. Operating costs rose 13.4 % in cost of goods sold and 11.9 % in selling‑general‑administrative expenses, partially offset by a 63.3 % increase in advertising spend that supported the rapid download growth. Headcount increased by 3.6 % to 2,075 employees. The company revised its full‑year earnings estimate upward, projecting operating profit of ¥31.5 billion versus the prior plan of ¥24.5 billion, and raised its dividend forecast from 81 to 98 yen per share. The mid‑term three‑year plan is slated for revision in April, with the first year already achieving its profit target.

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Report

Summary of Consolidated Financial Results: Nine Months Ended December 31, 2022

The nine‑month period ending December 31, 2022 saw a decline in KOEI TECMO HOLDINGS’ consolidated performance. Net sales fell 10.6 % to ¥49,439 million from ¥55,327 million in the prior year, while operating profit dropped 15.2 % to ¥22,994 million and ordinary profit fell 56.5 % to ¥16,880 million. Profit attributable to owners of the parent company decreased 52.4 % to ¥13,477 million, and earnings per share fell from ¥85.10 to ¥42.78 (diluted ¥84.47 to ¥39.22). The company’s equity ratio contracted from 64.0 % at year‑end to 62.6 % in March, and net assets per share declined from ¥437.16 to ¥384.30. Cash dividends were not declared for the first two quarters of fiscal 2023; a forecast dividend of ¥48.00 per share is planned for the third quarter and year‑end. The full‑year forecast projects net sales of ¥77,000 million (up 5.8 %) but operating profit of ¥34,000 million (down 1.5 %), ordinary profit of ¥31,000 million (down 36.3 %) and attributable profit of ¥23,500 million (down 33.5 %). Financial position data show total assets reduced from ¥219,803 million to ¥189,092 million, largely due to lower current assets and a modest decline in property, plant and equipment. Current liabilities fell from ¥32,616 million to ¥19,056 million, while net assets decreased from ¥138,101 million to ¥121,637 million. The company’s share count remained stable at 336,096,924 issued shares with a slight reduction in treasury holdings. The report is based on Japanese GAAP and includes no changes to significant subsidiaries or accounting policies, except for standard revisions. The consolidated statements cover the entire Japanese market and reflect performance over a nine‑month fiscal period ending December 31, 2022.

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Financial Highlights: 3rd Quarter of the Fiscal Year Ending March 2021

Koei Tecmo Holdings reported a robust third‑quarter performance for fiscal year 2020, with net sales rising 64.7 % to ¥42.6 billion from ¥26.7 billion in the same period of FY2019, and net income increasing 128.5 % to ¥15.3 billion. The entertainment segment drove growth, contributing 71.9 % of sales and delivering a 229.4 % increase in operating income, while amusement and real‑estate segments showed modest gains or declines. Forecasts for the full year projected sales of ¥56 billion and operating income of ¥22 billion, reflecting a 31.3 % and 56.0 % year‑on‑year increase, respectively. On the balance‑sheet side, total assets expanded from ¥147.8 billion to ¥186.5 billion, largely due to a jump in investment securities from ¥71.4 billion to ¥113.9 billion and a rise in property, plant, and equipment to ¥155.8 billion. Current assets grew modestly, while current liabilities increased slightly, driven by higher short‑term loans and accounts payable. Long‑term liabilities surged to ¥5.1 billion, largely from deferred tax obligations. Shareholders’ equity rose to ¥143.9 billion, supported by retained earnings of ¥103.2 billion and a reduction in treasury stock. The figures cover Japan‑based operations for the fiscal year ending March 31, 2020, with quarterly results compared to FY2019 and full‑year forecasts. Data derive from consolidated financial statements prepared under Japanese GAAP, reflecting a comprehensive view of the company’s operating performance and liquidity position.

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Financial Results for the First Half: Fiscal Year Ending March 2026

Koei Tecmo Holdings reported first‑half fiscal 2026 results, showing sales of ¥35.2 billion and operating profit of ¥10.7 billion, both surpassing the company’s initial forecasts but falling 11.2 % and 25.2 % respectively compared with the same period in FY24. Net profit declined 15.7 % to ¥13.5 billion, driven mainly by a contraction in the online and mobile entertainment segment; repeat sales of existing titles offset declines in new releases. Labor costs rose, yet variable and outsourcing expenses fell, improving operating efficiency. Segment analysis revealed a 12 % drop in entertainment sales to ¥28.5 billion, while amusement and real‑estate units grew modestly (¥2.3 billion and ¥635 million respectively). The “Other” segment recorded a loss of ¥320 million, reflecting venture‑capital management costs. Forecasts for FY25 maintain a conservative outlook: projected sales of ¥92 billion, operating profit of ¥31 billion, and net profit of ¥27 billion, with a dividend per share of ¥43. The company expects the second half to benefit from new title launches scheduled for Q3 onward. The presentation also covered corporate governance and compliance, noting a successful treasury‑share disposal in September 2025 that raised tradable shares to 37.3 %, meeting Tokyo Stock Exchange Prime Market criteria. Strategic highlights include the fourth medium‑term plan, “Creating a Foundation for Growth,” targeting cumulative operating income of ¥100 billion over three years and a single‑year profit goal of ¥40 billion. Emphasis is placed on balanced pipeline development, multi‑platform releases, and global expansion through strengthened overseas marketing and publishing partnerships. The IP division’s focus on licensing and merchandise, particularly for the Atelier series, aims to diversify revenue streams and enhance brand value worldwide.

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Koei Tecmo