Koei Tecmo

Game Co.

212 documents

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

Documents

Report

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

The quarterly financial release outlines KOEI TECMO HOLDINGS CO., LTD.’s performance for the first nine months of fiscal 2023, ending March 2024. Total sales rose 23.7 % YoY to ¥61,136 million, driven primarily by new mobile titles that boosted online and mobile game revenue. Operating profit fell 11.7 % to ¥20,316 million due to higher platform, royalty and advertising costs associated with the expanded title portfolio. Ordinary profit increased 100.4 % to ¥33,825 million and net profit grew 80.2 % to ¥24,283 million, largely supported by gains from marketable securities and other non‑operating items. Geographically, Japan contributed 61.1 % of sales while overseas sales accounted for 38.9 %, with the United States and Europe showing modest declines in unit volumes but maintaining strong digital sales. The entertainment segment recorded a 24 % YoY sales increase, with mobile and online channels contributing 47.1 % of segment revenue; console package sales declined by 10.3 %. Digital sales ratio for the entertainment sector rose to 84.2 %, reflecting a shift toward downloadable content and mobile downloads. Cost analysis revealed a 12.9 % rise in employment costs, a 78.8 % jump in subcontracting expenses, and a 92.8 % increase in advertising spend, all linked to new title launches. The company maintains its FY2024 operating profit target of ¥37,500 million, citing anticipated revenue from the March release of “Rise of the Ronin” and continued expansion in mobile markets.

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Koei Tecmo

Report

Financial Results for the Fiscal Year Ending March 2020

The fiscal year ending March 2020 saw KOEI TECMO HOLDINGS achieve record‑high profitability, with sales rising 9.4 % to ¥42.6 billion and operating profit increasing 16.6 % to ¥14.1 billion, a 33.1 % operating margin that tops the company’s historical peak. Net profit climbed 11.8 % to ¥15.3 billion, supported by gains on securities and real‑estate sales, offsetting higher fixed costs from expanded development capacity. The company’s earnings plan for FY 2019 was surpassed, largely due to the licensing‑out success of “Romance of the Three Kingdoms Senryaku‑ban,” which generated substantial royalty income, and strong performance in new console titles such as Nioh 2. Geographically, overseas sales grew 27.1 % to ¥15.8 billion, with Asia contributing the largest share of growth (52 % increase in unit sales). Digital downloads and DLCs also expanded, with console download sales up 39.6 % to ¥7.9 billion and DLC revenue rising 35.2 %. The entertainment segment’s online/mobile division drove a 42.4 % jump in mobile and social game revenue, reflecting successful IP licensing and self‑developed titles. Operationally, headcount rose 4.4 % to 1,835 employees, and capital expenditures reached ¥14.3 billion for the new Minato‑Mirai office and music hall. Management emphasized cautious earnings guidance for FY 2020 amid COVID‑19 uncertainty, while outlining a mid‑term strategy focused on global IP creation, multi‑platform expansion, and ESG commitments. Dividend policy maintained a 50 % payout ratio, with FY 2019 dividends planned at ¥61 per share.

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Koei Tecmo

Report

Fiscal Year Ending March 2017: 1st Half Financial Results

The fiscal year ending March 31, 2017 shows a continued upward trajectory for KOEI TECMO HOLDINGS CO., LTD. First‑half sales rose 9.3 % to ¥16,576 million, while operating profit increased 11.0 % to ¥2,748 million and ordinary profit grew 13.3 % to ¥4,904 million. Net income for the period reached ¥3,786 million, a 6.8 % decline from the previous year but still above the FY2015 plan of ¥3,500 million. Dividend per share was raised to 62.4 yen, up from 55 yen in FY2015. Geographically, Japan contributed 74.9 % of sales (¥12,228 million) and 74.8 % of net income (¥11,350 million), while overseas markets accounted for 25.1 % of sales (¥4,348 million) and 22.3 % of net income (¥1,588 million). North America and Europe together contributed 14.9 % of sales and 13.0 % of net income, with Asia remaining the largest overseas segment at 8.7 % sales and 13.0 % net income. The company’s operating mix shows a shift toward digital platforms: online and mobile sales grew to 15 % of total revenue, up from 10 % in FY2015. Capital expenditures for development equipment were ¥9,000 million, while real‑estate spending was ¥8,000 million. Depreciation expenses were ¥4,862 million. Strategically, KOEI TECMO is emphasizing brand and IP development across multiple genres and platforms, with new titles such as “Nioh” and “BLUE REFLECTION” slated for release. The management policy highlights multi‑platform expansion, tie‑ups, and cross‑media collaborations to enhance IP value. The company maintains a 1:1.2 stock split and aims for its seventh consecutive year of profit growth, targeting the highest annual financial result to date.

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Koei Tecmo

Report

Fiscal Year Ending March 2013: 1st Half Financial Results

The fiscal year ending March 2013 saw the company report consolidated net sales of 13.7 billion yen, a 6.3 % increase from the previous year’s 13.6 billion yen, driven largely by a 73.6 % rise in overseas sales to 2.9 billion yen versus 1.8 billion yen in FY2012. Domestic sales grew modestly by 8.2 % to 10.9 billion yen, while the overseas segment expanded from 1.8 billion to 2.9 billion yen, reflecting a strategic emphasis on international markets. Operating profit rose from 1.2 billion yen to 1.3 billion yen, a 6.5 % year‑over‑year gain, while ordinary profit increased from 1.0 billion to 1.2 billion yen, a 4.0 % rise. Net income reached 13.7 billion yen, up 5.2 % from the prior year’s 13.6 billion yen, after accounting for a one‑time goodwill amortization of approximately 700 million yen following the Koei–Tecmo merger. The company’s expenses‑to‑sales ratio improved from 26.0 % to 23.8 %, indicating tighter cost control. Segment analysis shows software and game sales as the largest contributors, with online and mobile gaming growing rapidly; social games were highlighted for high‑profitability projects such as “Hyakuman nin no Nobunaga no Yabou.” The company’s strategy for FY2013 focuses on expanding new platform titles, strengthening collaboration projects, and reducing costs to enhance profitability. The report covers Japan and overseas markets across the fiscal year, using consolidated financial statements and segment performance data to illustrate growth trends and strategic priorities.

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Koei Tecmo

Report

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.

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Koei Tecmo

Report

Financial Highlights: 1st Quarter of Fiscal Year Ending March 2013

Financial highlights for the first quarter of fiscal year ending March 2013 reveal a mixed performance across Tecmo Koei Holdings’ operating segments. Net sales fell 12.7 % year‑over‑year to ¥35,525 million, driven primarily by declines in Game Software (−19.2 %) and Online & Mobile (−10.0 %). Media & Rights sales were essentially flat, while Pachislot & Pachinko and Other segments posted modest gains of 127.4 % and 59.1 %, respectively. The company’s operating income contracted sharply, dropping 92.8 % to ¥5,758 million; this was largely due to a steep decline in Game Software operating income (−84.5 %) and a 17.6 % drop in Online & Mobile operating income. Conversely, Pachislot & Pachinko operating income surged 1,400 % to ¥551 million, and Media & Rights turned a loss into a profit of ¥157 million. Net income decreased 48.8 % to ¥4,640 million, reflecting the overall revenue and operating income downturns. Forecasts for the full year project net sales of ¥39,000 million (up 9.8 %) and operating income of ¥7,000 million (up 21.6 %). The report covers Japan‑based operations for the first quarter of FY2012, with data presented in millions of yen. Methodological details are not disclosed beyond segment classification changes, notably the transfer of CWS Brains from Amusement Facilities to Online & Mobile.

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Koei Tecmo

Report

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.

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Koei Tecmo

Report

1st Half Financial Results: FY2015

The first‑half financial results for fiscal year 2015 show a modest increase in sales, operating profit, ordinary profit, and net income compared with the same period in 2014. Total sales rose from ¥15,159 million to ¥16,110 million, a 5.9 % year‑over‑year gain, while operating profit climbed by ¥816 million (24.8 %) to ¥3,293 million. Ordinary profit increased by ¥513 million (8.3 %) to ¥6,166 million, and net income grew by ¥144 million (3.4 %) to ¥4,205 million. Forecasts released in April 2015 had anticipated higher operating and net profit margins; actual results exceeded these forecasts, with operating profit margin reaching 20.4 % versus the forecasted 16.3 %. Geographically, Japan contributed 78.2 % of sales (¥12,601 million), a decline of ¥1,251 million from the previous year, while overseas sales grew by 8.5 % to ¥3,509 million. The Asia region experienced the largest growth, with sales increasing 75.9 % to ¥727 million. Unit sales mirrored these trends: Japan’s units fell by 32.5 % to 1,200 thousand, whereas overseas units rose 23.9 % to 1,695 thousand. Segment analysis indicates that corporate and game online & media sales accounted for the largest share of revenue, with operating profit concentrated in these areas. The company’s strategic focus on digital and mobile platforms, IP collaborations, and cost‑efficiency initiatives is reflected in the improved operating profit ratio of 20.4 % and a projected target of 30 % for the full year. Methodologically, figures derive from audited financial statements and internal forecasts; comparative data are presented in millions of yen with year‑over‑year percentages. The report covers Japan and selected overseas markets for the first half of FY2015, with a forward‑looking outlook for full‑year performance.

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Koei Tecmo

Report

Financial Highlights: FY2017

Financial highlights for the fiscal year ending March 2018 (FY2017) show a 5.1 % increase in net sales to ¥38,926 million, driven largely by a 7.2 % rise in the entertainment segment and a 73.7 % jump in other activities, while pachislot & pachinko sales fell 52.6 %. Operating income grew 33.4 % to ¥11,711 million, with entertainment contributing a 40 % rise and other activities doubling. Gross profit expanded 12.5 % to ¥19,360 million, and net income rose 12.0 % to ¥13,017 million, though the company forecast a slight decline of 4.0 % for FY2018. Total assets increased from ¥119,461 million to ¥129,367 million, largely due to higher investment securities (¥65,484 → ¥78,938 million) and fixed‑asset growth. Current assets fell 26 % as cash and deposits dropped from ¥11,868 million to ¥6,626 million. Liabilities rose modestly, with long‑term liabilities increasing from ¥1,484 million to ¥2,096 million. Shareholders’ equity grew from ¥105,639 million to ¥113,178 million, supported by retained earnings and capital surplus gains. The company’s geographic focus remains Japan‑centric, with revenue streams from entertainment venues, pachislot & pachinko operations, amusement facilities, real estate, and ancillary services. The financial data derive from consolidated statements covering the fiscal year ending March 2018, with comparative figures for FY2016 and FY2017. Methodological details are limited to standard accounting disclosures; no survey or external data sources are cited.

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Koei Tecmo

Report

Financial Results: Fiscal Year Ending March 2018

Financial results for the fiscal year ending March 2018 show a record‑high profit trajectory driven by robust sales growth and expanding overseas revenue. Total sales rose 5.3 % from ¥38,926 million in FY2017 to ¥41,000 million in FY2018, while operating profit increased 2.5 % to ¥12,000 million. Ordinary profit fell slightly by 4.3 % from ¥18,293 million to ¥17,500 million, and net income declined 4.0 % from ¥13,017 million to ¥12,500 million. The company’s global footprint expanded, with overseas sales growing 4.4 % to ¥13,500 million and North American revenue up 13.1 % to ¥5,000 million; European sales increased 11.0 % to ¥3,700 million, whereas Asian revenue contracted 7.2 % to ¥4,800 million. The report highlights a strategic focus on digital marketing, community engagement, and talent development to support a three‑year expansion into the Chinese market. Key titles such as “Nioh” and “Dynasty Warriors 9” achieved strong global sales, with “Nioh” surpassing 1.9 million copies worldwide and “Dynasty Warriors 9” matching sales in Japan and Asia. The company plans to leverage high‑compatibility IPs for further penetration into U.S. and European markets, while also expanding smartphone gaming operations and IP licensing in Asia. Methodologically, the figures derive from consolidated financial statements covering all business segments—entertainment, pachislot & amusement, real estate, and others—across domestic and overseas operations. The analysis includes year‑over‑year comparisons, regional breakdowns, and unit sales data for major titles. The company’s mid‑term management plan targets a 10 % annual increase in sales and operating profit, aiming for ¥51 billion in sales and ¥17 billion in operating profit by FY2020, with a 50 % payout ratio or ¥50 per share dividend.

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Koei Tecmo

Report

1st Half Financial Results: Fiscal Year Ending March 2019

The first‑half fiscal year ending March 2019 marked a record profit for the company, driven by strong performance in both console and mobile gaming segments. Total sales rose 16.7 % to ¥17,407 million, with operating profit increasing 26.9 % to ¥4,684 million and net income up 24.9 % to ¥6,290 million. The “Nioh” franchise and other licensed titles contributed significantly to revenue growth, while the mobile portfolio achieved a sales milestone of 1 billion yen per month and secured high rankings on the App Store and Google Play in Japan. Geographically, domestic sales accounted for 66.3 % of the total, with overseas markets contributing 33.7 %. Within overseas sales, North America and Europe showed modest growth (0.2 % and –6.0 %, respectively), whereas Asia experienced a 46.1 % increase, reflecting successful expansion of mobile titles in the region. Unit sales declined overall by 6.6 % to 2,390 thousand units, largely due to a shift toward higher‑margin digital and licensed products. The company’s strategic plan emphasizes continued development of global IPs, expansion into the smartphone market with a target of 5 million copies per title, and entry into new markets such as China. Capital expenditure is projected at ¥10 billion for real‑estate and ¥8 billion for development equipment, supporting the launch of AAA titles on PlayStation 4, Xbox One, and Steam. The mid‑term goal for FY2020 is to reach ¥51 billion in sales, ¥17 billion operating profit, and ¥21 billion ordinary profit, with a 10 % annual growth target across sales and profitability metrics.

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Koei Tecmo

Koei Tecmo

Documents

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

Financial Results for the Fiscal Year Ending March 2020

Fiscal Year Ending March 2017: 1st Half Financial Results

Fiscal Year Ending March 2013: 1st Half Financial Results

Financial Highlights: 1st Half of Fiscal Year Ending March 2019

Financial Highlights: 1st Quarter of Fiscal Year Ending March 2013

Financial Highlights: Q1 FY2018

1st Half Financial Results: FY2015

Financial Highlights: FY2017

Financial Results for the First Half: Fiscal Year Ending March 2025

Financial Results: Fiscal Year Ending March 2018

1st Half Financial Results: Fiscal Year Ending March 2019