Koei Tecmo

Game Co.

212 documents

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

Documents

Report

1st Half Financial Results: FY2015

The first‑half financial results for FY2014 demonstrate a continued upward trajectory, with sales reaching ¥16.11 billion and operating profit rising to ¥3.29 billion, a 4.2 % increase year‑on‑year and a 0.7 % rise versus forecast. Net income climbed to ¥4.21 billion, up 26.1 % YoY and 0.7 % above expectations, reflecting a 76.5 % increase from the prior year’s first half. Operating profit margins improved to 20.4 %, up 1.3 percentage points from the previous period, while ordinary profit margins reached 38.2 %, a 60.4 % YoY gain. Geographically, Japan contributed ¥12.78 billion (82.7 % of total sales) with a 1.4 % YoY rise, while overseas markets grew by ¥3.51 billion (17.3 % of total), driven largely by North America and Europe, which saw sales increases of 31.0 % and 64.1 %, respectively. Unit volumes mirrored this trend, with overseas units up 30.4 % and North America up 60.3 %. Segment analysis shows the Game division as the largest contributor, generating ¥9.87 billion in sales and ¥2.36 billion in operating profit, followed by Online & Media at ¥3.24 billion sales and ¥0.60 billion profit. The company’s strategy focuses on multi‑platform development, IP expansion into media and merchandise, and aggressive download business growth. Cost efficiencies are evident: COGS fell to 57 % of sales, SG&A to 55.6 %, and capital expenditures were maintained at ¥4 billion. The company maintains a dividend policy targeting 50 % payout or ¥50 per share, with plans to increase the dividend to ¥50 in FY2014. Overall, the first‑half performance confirms a robust growth trajectory and sets a strong foundation for full‑year targets.

market-analysis investment japan

Koei Tecmo

Report

Financial Results: Fiscal Year Ended March 2011

FY 2009 FY 2010 YoY Change Amount Ratio Amount Ratio Amount Ratio Sales 34,502 100.0% 32,081 100.0% (2,421) (7.0%) Operating 641 1.9% 3,305 10.3% 2,664 415.5% This document contains statements regarding future objectives, beliefs and current expectations of Ordinary 3,023 8.8% 4,788 14.9% 1,765 58.4% Net Income 2,604...

market-analysis mergers-acquisitions investment+1

Koei Tecmo

Report

Consolidated Financial Results: Nine Months Ended December 31, 2024

Koei Tecmo Holdings reported consolidated financial results for the nine months ended December 31, 2024 under Japanese GAAP. Net sales fell 14.0 % to ¥52,570 million from ¥61,136 million in the same period a year earlier, reflecting weaker demand for its gaming and entertainment products. Operating profit declined 25.8 % to ¥15,075 million from ¥20,316 million, while ordinary profit remained relatively stable at ¥33,144 million versus ¥33,825 million. Profit attributable to owners of parent decreased 3.6 % to ¥25,161 million from ¥24,283 million, with basic earnings per share rising modestly to ¥79.67 from ¥76.95. Total assets contracted 2.8 % to ¥238,377 million, driven by a reduction in current assets and a modest increase in property, plant, and equipment. Net assets rose 10.3 % to ¥195,702 million, improving the capital adequacy ratio from 71.1 % to 81.7 %. The equity base increased by ¥20,013 million, supported by retained earnings growth and a slight rise in treasury shares. Dividend policy remained unchanged for fiscal year 2025, with no forecasted dividend changes. The company projected full‑year net sales of ¥90 000 million, operating profit of ¥30 000 million, ordinary profit of ¥40 000 million, and attributable profit of ¥30 000 million, representing modest year‑on‑year increases in sales and operating metrics. Methodologically, the report relied on consolidated financial statements prepared under Japanese GAAP with no significant changes in consolidation scope or accounting policies. The data cover the Japanese market, covering gaming and entertainment segments for the period April 1–December 31, 2024.

market-analysis investment japan+1

Koei Tecmo

Report

Management Policy & Strategy: Fiscal Year Ended March 2013

The document outlines Tecmo Koei Holdings’ fiscal strategy and performance for the year ending March 2013, emphasizing a record‑high profit trajectory. Sales reached ¥34.6 billion in FY2012, up 2.5 % from the previous year, while operating profit climbed ¥6.21 billion (17.9 % of sales) and ordinary profit rose to ¥8.84 billion (25.5 % of sales). Net income improved from 13.1 % to 16.3 %, reflecting a 21.9 % increase in profit margin. The company attributes gains to strong game software sales, particularly titles such as “One Piece: Dynasty Warriors 8” and “Fist of the North Star,” and to a 900‑million‑user social game base. Segment analysis shows Game software as the largest contributor, with Online & Mobile and Media & Rights businesses identified for future rebuilding. Geographically, Japan remains the dominant market (≈84 % of sales), followed by overseas segments: North America, Europe, and Asia contribute 7.5 %, 4.8 %, and 4.2 % respectively, with overseas sales growing modestly at 1.6 %. The company projects FY2013 sales of ¥37 billion, operating profit of ¥7.0 billion (18.9 % margin), and ordinary profit of ¥9.0 billion (24.3 %). Planned capital expenditures are ¥1.5 billion, with depreciation expenses expected to improve by 0.4 points. Strategically, the firm focuses on IP creation and multi‑platform expansion, targeting new titles, collaborative projects, and ancillary media such as animation, comics, and merchandise. Online & Mobile initiatives aim to strengthen social games, expand browser titles in Asia, and pursue women‑oriented IPs. Overall, the plan seeks to sustain growth while enhancing profitability through diversified revenue streams and cost efficiencies.

market-analysis investment japan

Koei Tecmo

Report

Financial Results for the FY 2024 and 4th Mid-term Management Plan

Financial Results for the FY 2024 and 4<sup>th</sup> Mid-term Management Plan NOTE: This document has been translated from the Japanese original for reference purposes only. 2. Basic Philosophy and Management Structure 3. Fourth Medium-Term Management Plan and FY25 Forecast 4.Non-Operating Income and Expenditure / Fund Management Policy The profit exceeded both the previous year and the performance forecast due to our new title release.

market-analysis market-forecast japan+1

Koei Tecmo

Report

Financial Highlights: 1st Half of Fiscal Year Ending March 2011

The financial highlights cover Tecmo Koei Holdings’ first half of fiscal year 2010, ending March 2011, and compare results to the same period in 2009 as well as full‑year figures. Net sales fell 27.5 % year‑on‑year in the first half, reaching ¥34.5 billion versus ¥15.3 billion in 2009, but the full‑year forecast of ¥36.5 billion represents a modest 5.8 % increase over the previous year’s full‑year sales of ¥34.0 billion. Gross profit declined 40.9 % in the first half, while operating income swung from a loss of ¥641 million to a profit of ¥641 million, reflecting a 680 % improvement. Income before taxes rose sharply to ¥3.0 billion, and net income turned positive at ¥2.6 billion after a ¥415 million loss in 2009. Segment analysis shows Game Software sales dropped 34.2 % to ¥23.1 billion, yet the full‑year forecast is only 6.9 % higher than 2009. Online & Mobile sales fell 12.3 %, Media & Rights declined 20.5 %, and Pachislot & Pachinko sales fell 22.8 %. Amusement Facilities sales decreased 10.7 %, while the Other segment grew 150 % in the first half, though it remains a small contributor. Operating income by segment reveals significant swings: Game Software moved from a loss of ¥839 million to a profit of ¥1.2 billion, Online & Mobile remained negative, Media & Rights improved modestly, and Amusement Facilities saw a 249 % rise in the first half. The data derive from consolidated financial statements for the Japanese company, covering domestic and international operations across five business segments. The report presents year‑on‑year comparisons and full‑year forecasts, highlighting volatility in gaming and entertainment revenue streams while noting overall profitability improvement for the fiscal year.

market-analysis investment japan

Koei Tecmo

Report

Fiscal Year Ending March 2014: 1st Half Financial Results

The fiscal year ending March 2014 first‑half results demonstrate a continued upward trajectory for the company, with sales and profits rising for the third consecutive year. Total first‑half sales reached ¥15,459 million, up 12.6 % from the previous year’s ¥13,724 million, while operating profit increased 10.7 % to ¥1,650 million and ordinary profit surged 24.9 % to ¥3,845 million. Net income rose 15.4 % to ¥2,000 million, supporting a dividend policy that targets a 50 % payout ratio or a minimum of ¥50 per share. The company recorded approximately ¥650 million in SG&A expenses attributable to goodwill amortization and an additional ¥1.2 billion from similar charges in the full‑year plan. Geographically, Japan contributed 82.7 % of sales (¥12,781 million) with overseas markets accounting for 17.3 % (¥2,678 million). North America and Europe represented 7.7 % and 4.3 % of sales respectively, while Asia contributed 5.3 %. Unit sales data show a 23.6 % increase in Japan and a 26.6 % rise overseas, with North America and Europe experiencing modest growth. Segment analysis reveals that the online & mobile division exceeded prior‑year performance, while media and rights remained profitable. The company’s strategic focus on IP creation, multi‑platform expansion, and digital distribution is highlighted as a key driver for sustaining growth. Overall, the first‑half figures surpass the planned targets and reinforce the company’s objective to achieve record financial results for the full fiscal year.

investment market-analysis japan

Koei Tecmo

Report

FY2025 Third Quarter Financial Highlights: Japan

The FY2025 third‑quarter financial highlights for Koei Tecmo Holdings detail a modest decline in core operating metrics while comprehensive income rises sharply. Net sales for the nine months ended December 31, 2025 fell 1.6% to ¥51,729 million from ¥52,570 million in the prior year. Operating profit slipped 3.3% to ¥14,571 million, and ordinary profit decreased 6.2% to ¥31,099 million. Despite these contractions, comprehensive income surged 52.0% year‑on‑year to ¥56,359 million, driven by significant gains in non‑operating items such as interest income and foreign exchange gains. Basic earnings per share declined slightly to ¥73.84 from ¥79.67, reflecting a higher weighted‑average share count due to treasury share disposals and secondary offerings. Total assets expanded from ¥209,828 million at March 31, 2025 to ¥311,492 million by December 31, 2025, largely through increases in investment securities and property, plant, and equipment. Net assets rose to ¥258,716 million, with the equity‑to‑asset ratio improving to 82.8% from 89.9%. Treasury shares reduced dramatically, lowering the average number of outstanding shares to 322 million from 315 million. Dividend policy remains unchanged, with a forecast of ¥43.00 per share for the fiscal year ending March 31, 2026, and no revisions to cash dividend forecasts. The report covers Japan‑based operations for FY 2025, presenting consolidated quarterly financial statements without significant changes in consolidation scope or accounting policies.

market-analysis investment japan+2

Koei Tecmo

Report

Financial Highlights: 1st Quarter of Fiscal Year Ending March 2022

Financial highlights for the first quarter of fiscal year ending March 2022 show a robust 80.6 % increase in net sales to ¥60,370 million from ¥20,520 million the prior year. Gross profit rose 97.1 % to ¥39,071 million, while operating income surged 121.5 % to ¥24,397 million and net income climbed 101.9 % to ¥29,550 million. Forecasts for the full year indicate a modest 7.7 % rise in net sales to ¥65,000 million and a slight decline of 10.3 % in net income to ¥26,500 million. Segment analysis reveals entertainment sales as the dominant driver, contributing ¥56,808 million in net sales (82.9 % YoY growth) and ¥23,974 million in operating income (123.4 % YoY). Amusement sales grew 19.5 % in net sales and 188.2 % in operating income, while real‑estate revenue increased 45.1 % but operating income fell 65.2 %. Other segments showed mixed performance, with a 120 % rise in net sales but a decline in operating income. Balance‑sheet activity shows current assets rising to ¥42,361 million from ¥33,739 million, driven by a jump in marketable securities to ¥14,109 million. Current liabilities increased to ¥23,446 million, largely due to short‑term loan payable of ¥9,500 million. Shareholders’ equity remained stable at approximately ¥151 million million, with retained earnings slightly lower. Overall liquidity improved, and the company maintained a solid asset base of ¥190 842 million as of June 30, 2021.

market-analysis investment japan+1

Koei Tecmo

Report

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

Koei Tecmo Holdings reported first‑quarter results for the fiscal year ending March 2026, showing a 15.9 % decline in sales to ¥17.6 billion and a 55.5 % drop in net profit to ¥13.6 billion compared with the same period a year earlier. Operating profit fell 37.6 % to ¥5.7 billion, while ordinary profit decreased 53.1 % to ¥18.7 billion. The decline is attributed mainly to weaker performance in the online and mobile entertainment segment, where sales dropped ¥2.8 billion; personnel costs rose, but variable costs fell due to lower sales volumes. Segment analysis reveals the entertainment division contributed ¥16.6 billion in sales, down 18 % from year‑ago, with operating profit falling ¥2.0 billion. The amusement segment benefited from licensing income and new facility openings, adding ¥297 million in sales and ¥88 million in operating profit. Real‑estate revenue rose modestly from the KT Zepp Yokohama venue, while the “Others” segment recorded a loss of ¥310 million. Forecasts for FY25 project sales growth to ¥92.0 billion, an increase of 10.6 % from FY24, with operating profit expected at ¥31.0 billion (‑3.5 % from FY24). Net profit is projected at ¥27.0 billion, a 28.2 % decline from FY24, reflecting higher development and personnel costs anticipated in the second half of the year. Dividend per share is forecast at ¥43, down 28 % from FY24. The company maintains a Tokyo Stock Exchange Prime Market listing strategy, targeting a 35 % tradable‑share ratio by March 2026. Growth investment plans focus on human capital, with a projected 10 % annual increase in personnel costs and ¥25 billion allocated for new office space. M&A activity remains opportunistic, centered on intellectual‑property synergies. Geographically, the firm prioritizes expansion in North America, Europe, and China for console/PC titles, while online/mobile growth targets Japan, China, and surrounding regions with a long‑term global outlook. The pipeline for the fourth medium‑term management plan includes several major releases, such as “NIOH 3” and “NOBUNAGA’S AMBITION: Awakening Complete Edition,” slated for early 2025 and mid‑2025 respectively.

market-analysis investment japan+1

Koei Tecmo

Report

Financial Results for the First Quarter of the Fiscal Year Ending March 2021

The first‑quarter financial results for the fiscal year ending March 2021 demonstrate a record‑high operating profit of 4.3 billion yen, driven largely by robust royalty income from the “Romance of the Three Kingdoms Senryaku‑ban” licensing‑out business and strong back‑catalogue sales of titles such as Nioh 2. Sales rose 57.2 % year‑on‑year to 11,363 million yen, with operating profit increasing 358.6 % to 4,387 million yen and net profit up 199.8 % to 6,628 million yen. The company attributes the profit surge to a 38.6 % operating‑profit ratio, achieved despite higher fixed costs from expanded development capacity; a 124 million yen extraordinary loss related to COVID‑19 shutdowns was recorded. Geographically, overseas sales accounted for 61.7 % of total revenue, up 145.8 %, with Asia contributing the largest growth (207.5 %). Digital sales doubled, reaching 49.1 % of total units sold, and console package and download revenues increased by 60.4 % and 101.0 %, respectively. The entertainment segment dominated, with sales of 10,742 million yen versus 6,385 million yen in the prior year. Methodologically, figures derive from consolidated financial statements and segment reporting. The report notes ongoing uncertainties due to COVID‑19, including remote work adjustments and temporary facility closures, but indicates a return to pre‑pandemic productivity levels. The company also outlines upcoming releases, including new mobile titles and a Dynasty Warriors licensing‑out title in China.

market-analysis monetization mobile+2

Koei Tecmo

Koei Tecmo

Documents

1st Half Financial Results: FY2015

Financial Results: Fiscal Year Ended March 2011

Consolidated Financial Results: Nine Months Ended December 31, 2024

Management Policy & Strategy: Fiscal Year Ended March 2013

Financial Results for the FY 2024 and 4th Mid-term Management Plan

Financial Highlights: 1st Half of Fiscal Year Ending March 2011

Fiscal Year Ending March 2014: 1st Half Financial Results

FY2025 Third Quarter Financial Highlights: Japan

Fiscal Year Ending March 2012: 1st Half Financial Results

Financial Highlights: 1st Quarter of Fiscal Year Ending March 2022

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

Financial Results for the First Quarter of the Fiscal Year Ending March 2021