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 Fiscal Year Ending March 2024

for the Fiscal Year Ending March 2024 April 30, 2024 Supplementary Materials The presentation material with explanatory script in English would be uploaded in early May ‘24. KT 1 Financial Summary Levelup your happiness FY22 FY23 Vs Previous Year Full Year Full Year Amount Ratio Amount Ratio Amount % Change Sales 78,417 ...

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Koei Tecmo

Report

Financial Results: First Half of the Fiscal Year Ending March 2022

The first‑half financial results for the fiscal year ending March 2022 demonstrate a 60.8 % increase in total sales, rising from ¥23.1 billion to ¥37.2 billion, driven largely by a 62.5 % rise in entertainment segment sales (¥21.7 billion to ¥35.2 billion). Operating profit doubled from ¥8.45 billion to ¥16.42 billion, a 94.4 % increase, while net profit grew by 53.2 % to ¥18.14 billion. The company’s overseas operations contributed 50.2 % of first‑half sales, with North America and Europe showing modest growth, whereas Asia maintained a 31.6 % share of sales but experienced a 60.6 % rise in operating profit. Digital distribution expanded markedly: console units sold increased by 19.7 % to 3,650 thousand copies, with a 13.2 % rise in overseas units; download sales grew by 58.9 % to 103,300 thousand copies worldwide, largely from mobile and online platforms. Revenue mix shifted toward digital: package downloads grew 48 %, DLC sales increased 8.7 %, and mobile/online revenue surged 96 % to ¥17.25 billion. Headcount rose by 3.1 % to 2,081 employees; cost of goods sold and selling‑general‑administrative expenses increased by 17.7 % and 15.4 %, respectively, reflecting higher investment in digital content and marketing. For the full year, management projects sales of ¥65 billion (a 7.7 % increase) and operating profit of ¥24.5 billion, maintaining the FY2023 target of ¥30 billion operating profit. The strategy emphasizes launching 5‑million‑copy console titles, annual releases of 2‑million‑copy titles, and mobile games with monthly sales of ¥2 billion. The company also plans to expand IP licensing, globalize existing franchises such as Atelier and Warriors, and pursue new IPs across animation, comics, and merchandise.

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Koei Tecmo

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

The first‑half financial results for the fiscal year ending March 2021 demonstrate a record‑setting performance, with sales rising 39.7 % to ¥23.141 billion and operating profit increasing 145.6 % to ¥8.447 billion. Net profit nearly doubled, reaching ¥11.845 billion, driven largely by a sharp rise in royalty income and gains from securities sales. Fixed costs expanded due to development‑capability growth, but the higher revenue offset these expenses; an extraordinary loss of ¥124 million in Q1 was attributed to COVID‑19 shutdowns of amusement facilities and the KT Zepp Yokohama venue. Segment analysis shows entertainment sales accounting for 93 % of total revenue, with a 45.8 % increase to ¥21.683 billion. Amusement and real‑estate segments experienced modest declines, while other operating profits fell by 18 %. Geographic revenue shifted toward overseas markets: overseas sales grew from ¥5.814 billion to ¥11.609 billion, representing 50.2 % of total sales, and overseas units sold rose by 99.7 %. Digital sales declined overall, with a 42.2 % drop in console units and a 50.4 % reduction in digital copies, reflecting the impact of pandemic‑related store closures. The company’s FY 2020 full‑year plan targets ¥51 billion in sales and ¥17 billion in operating profit, an upward revision from the mid‑term plan. Planned capital expenditures focus on real‑estate expansion and new office facilities, while a 50 % dividend payout policy is maintained. Overall, the results underscore strong IP licensing performance, robust back‑catalogue sales, and a strategic shift toward higher overseas revenue streams.

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Koei Tecmo

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Financial Highlights: 1st Quarter of Fiscal Year Ending March 2014

The first‑quarter results for the fiscal year ending March 2014 show a 10.9 % rise in consolidated net sales to ¥35,525 million, driven mainly by a 10.9 % increase in game‑software revenue and a 26.5 % jump in pachislot & pachinko sales. Operating income climbed 79.8 % to ¥6,208 million, largely from a 113.9 % surge in game‑software operating profit and a 444.3 % rise in the “Other” segment, offset by declines in online & mobile and amusement‑facility operating income. Net income increased 938 million yen (18.0 % YoY) to ¥5,656 million, although the year‑to‑date net income for FY2013 remained slightly below forecast at ¥5,700 million. Segment‑level analysis indicates that game software remains the core driver of profitability, while online & mobile revenue grew modestly (10.9 %) but with a 23.7 % decline in operating income, reflecting higher costs or lower margins. Media & rights and pachislot & pachinko segments showed modest operating gains, whereas amusement facilities experienced a 10.4 % drop in operating income. Balance‑sheet activity shows current assets falling from ¥31,416 million to ¥19,267 million as cash and receivables declined sharply, while fixed assets remained stable. Total assets increased to ¥65,782 million, supported by a rise in investment securities. Current liabilities dropped from ¥12,303 million to ¥4,708 million, largely due to reduced trade payables and accrued bonuses. Shareholders’ equity decreased slightly from ¥82,392 million to ¥80,478 million, reflecting a modest decline in retained earnings and treasury stock adjustments. Overall, the company maintained solid revenue growth and profitability in Q1 FY2014, with notable strength in its core game‑software segment.

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Koei Tecmo

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Consolidated Financial Results: Year Ended March 31, 2025

The consolidated financial results for Koei Tecmo Holdings Co., Ltd. cover the fiscal year ended March 31, 2025 (April 1, 2024 to March 31, 2025) under Japanese GAAP. Net sales declined 1.7 % to ¥83,150 million from ¥84,584 million in the prior year, while operating profit rose 12.7 % to ¥32,119 million and ordinary profit increased 9.3 % to ¥49,988 million. Profit attributable to owners of parent reached ¥37,628 million, a 11.4 % rise, yet comprehensive income fell sharply to ¥30,740 million from ¥48,011 million due to a 36.0 % decline in other comprehensive items. Total assets contracted from ¥245,802 million to ¥209,828 million, driven by a significant reduction in current assets and investment securities. Net assets grew to ¥189,421 million, improving the capital adequacy ratio from 71.1 % to 89.9 %. Cash and cash equivalents increased markedly, ending the year at ¥22,552 million after a net inflow of ¥12,100 million. Operating cash flow decreased to ¥34,369 million from ¥36,603 million, while investing activities shifted from a net outflow of ¥24,859 million to an inflow of ¥40,973 million, largely due to higher proceeds from securities sales. Financing cash flow turned negative, with a net outflow of ¥63,175 million driven by dividend payments of ¥17,027 million and redemption of convertible bonds. The company forecasts a modest decline in net sales for the 2026 fiscal year, projecting ¥92,000 million versus ¥84,584 million in 2025. Operating profit is expected to fall by 3.5 % to ¥31,000 million, while ordinary profit is projected to drop 26.0 % to ¥37,000 million. Dividend policy remains steady at a payout ratio of 50.4 %. The forecast reflects the inclusion of Koei Tecmo Corporate Finance Co., Ltd. in consolidation and no significant changes to accounting policies or estimates.

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Koei Tecmo

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Consolidated Financial Data: FY2025 3rd Quarter

The consolidated financial data for FY2025 third quarter presents a mixed performance across the company’s core segments. Total sales reached ¥30,580 million in Q3 FY25, a 5.4% increase from the same period in FY24 but still below the ¥28,978 million recorded in Q3 FY22. Gross profit improved to ¥22,547 million, up 0.6% YoY, while operating profit fell to ¥17,044 million, a 15.5% decline driven by higher SG&A and cost of sales in the entertainment segment. Net profit for Q3 FY25 stood at ¥12,467 million, a 6.4% YoY increase, supported by a positive non‑operating profit of ¥3,737 million. Profitability ratios show operating margin at 56% and ROE rising to 22.1%, reflecting efficient capital use. Geographically, Japan remains the largest market with ¥19,438 million in Q3 FY25, followed by North America at ¥3,630 million and Europe at ¥1,949 million. Overseas sales accounted for 51.0% of total revenue in FY25, up from 46.2% in FY24, indicating a strategic shift toward international expansion. The entertainment segment dominated sales at ¥29,284 million (95% of total), with console/PC and online/mobile channels contributing 60.5% and 71.2% of digital sales respectively. Headcount increased from 2,384 to 2,531 employees by year‑end FY25, a 6.7% rise aligned with new product launches and expanded online services. Capital expenditures for FY25 totaled ¥1,967 million, primarily in real estate and equipment, while depreciation expenses reached ¥1,776 million. The data suggest a focus on sustaining growth through digital monetization and overseas market penetration, while managing cost pressures in traditional entertainment operations.

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Koei Tecmo

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Financial Results for the Q3: Fiscal Year Ending March 2025

The presentation reports KOEI TECMO HOLDINGS’ consolidated financial performance for the third quarter of fiscal 2025, ending March 2025. Sales fell by 14 % YoY to ¥61.1 billion, driven by a shift from new console/PC releases in FY23 to fewer titles and reliance on existing mobile IPs in FY24. Operating profit declined 25.8 % to ¥20.3 billion, while ordinary and net profits remained near flat, with net profit up 3.6 % to ¥25.2 billion. The Entertainment segment contributed the bulk of sales, yet its revenue dropped 14.9 % due to weaker console/PC and mobile performance; the Amusement, Real Estate, and Other segments showed modest gains or losses. Personnel costs rose 10 % YoY, offset by reductions in outsourcing and advertising expenses. Expense trends indicate a continued emphasis on hiring and base‑pay increases, with outsourcing costs decreasing after one‑time collaboration outlays. The company maintains a 50 % payout ratio, allocating half of net profit to dividends and buybacks and the remainder to growth investments. Forecasts for FY24 remain unchanged, targeting ¥90 billion in sales and operating profit of ¥30 billion, contingent on the success of upcoming console titles such as “Dynasty Warriors: ORIGINS.” The Q4 outlook anticipates more than five new releases, with a major title expected to drive sales. The company also outlines measures to meet Tokyo Stock Exchange Prime Market listing standards by March 2026, including actions to achieve a 35 % free‑float ratio.

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Koei Tecmo

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Financial Highlights: 3rd Quarter of Fiscal Year Ending March 2011

The financial highlights for the third quarter of fiscal year ending March 2011 show a marked turnaround from the prior year. Net sales rose to ¥34,502 million, up 11.1% from the same quarter in FY2009 and slightly below the ¥36,500 million forecast. Gross profit increased to ¥10,779 million, a 9.9% rise over the previous year’s quarter. Operating income swung from a loss of ¥1,842 million to a profit of ¥641 million, reflecting an 680% improvement. Income before taxes and minority interests climbed to ¥3,023 million, a 111.7% increase, while net income rebounded to ¥2,604 million, a 34.4% gain. Segment performance varied: Game software sales grew to ¥23,116 million (6.9% above forecast) but declined 13.1% from the prior year’s quarter; Online & Mobile sales increased by 10.2%; Media & Rights fell sharply by 28.6%; Pachislot & Pachinko sales rose 12.1%; Amusement Facilities grew 10.2%; and Other revenue surged 106.6%. Operating income by segment shifted from losses in Game software and Online & Mobile to profits across all segments, with Amusement Facilities and Other showing the largest percentage gains (426.3% and 208.7%, respectively). Geographically, the data encompass Japan’s domestic market across gaming software, online/mobile platforms, media rights, pachislot/pachinko machines, amusement facilities, and ancillary services. The period covers the third quarter of FY2010 (April–June 2010), with comparisons to the same quarter in FY2009 and full‑year figures. The analysis relies on consolidated financial statements, with no explicit survey methodology noted. Overall, the company achieved a significant recovery in profitability and revenue diversification during this quarter.

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Koei Tecmo

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Financial Results for the First Half of the Fiscal Year Ending March 2020: Japan

Koei Tecmo Holdings Co., Ltd. reports first‑half fiscal 2019 results ending March 2020, showing a 4.8 % decline in sales to ¥17.407 billion versus the previous year, driven by a 21.2 % drop in console package sales and a 10.8 % fall in total entertainment revenue, while online/mobile segments grew modestly. Operating profit fell 26.6 % to ¥3.439 billion, largely due to higher fixed costs from expanded development capacity and lower gains on securities. Ordinary profit decreased 29.2 % to ¥6.077 billion, yet net profit remained near the prior year at ¥5.931 billion, supported by a 18.6 % rise in non‑operating income from real‑estate sales and an extraordinary gain on property disposal. The company attributes the sales shortfall to delayed console releases, notably “Attack on Titan 2” and “Fire Emblem: Three Houses,” while online titles such as “Uncharted Waters VI” and the “Three Kingdoms” series maintained strong performance. Geographically, Japan accounts for 65 % of sales with a 6.4 % YoY decline, whereas overseas revenue rose 1.9 % to ¥5.814 billion; North America contributed the largest growth (28.1 %) at ¥2.195 billion. Digital sales increased 140 % in units, with overseas digital penetration reaching 78 %. The company’s mid‑term plan remains unchanged: target FY2020 sales of ¥43 billion, operating profit of ¥12 billion, and net profit of ¥13 billion, with a focus on launching a 5‑million‑copy console title and a mobile title generating ¥1 billion monthly. Investment plans include a ¥13.866 billion real‑estate project and increased development expenditures, reflecting an emphasis on expanding global IPs and multi‑platform releases.

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Koei Tecmo

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Financial Highlights: 1st Quarter, Fiscal Year Ending March 2021

Koei Tecmo Holdings reported a robust first‑quarter performance for the fiscal year ending March 2021, with net sales rising 57.2 % to ¥42.6 billion from ¥28.8 billion in the prior year’s quarter. Gross profit surged 121.2 % to ¥22.6 billion, while operating income expanded 358.6 % to ¥14.1 billion, reflecting strong profitability across its entertainment segment. Net income increased 199.8 % to ¥15.3 billion, driven largely by the entertainment division’s operating income jump of 484.7 % to ¥13.4 billion, despite a decline in the amusement segment’s contribution. Segment sales show entertainment as the dominant driver, generating ¥39.1 billion in the quarter (68.2 % of total sales), whereas amusement, real‑estate, and other segments contributed ¥2.9 billion, ¥0.7 billion, and ¥0.15 billion respectively. Operating income from real‑estate rose 34.7 % to ¥199 million, while amusement income fell 89.1 % to ¥519 million. Balance‑sheet highlights include a total asset base of ¥152.5 billion, up from ¥147.8 billion, largely due to increases in cash and marketable securities and investment securities. Current assets remained stable at ¥28.9 billion, while current liabilities decreased slightly to ¥23.0 billion. Shareholders’ equity stood at ¥127.5 billion, with retained earnings of ¥87.6 billion and a modest treasury stock balance. The financial snapshot covers Japan‑based operations for the first quarter of FY2021, presenting consolidated figures in millions of yen without detailed methodology disclosures.

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Koei Tecmo

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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.

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Koei Tecmo

Koei Tecmo

Documents

Financial Results for the Fiscal Year Ending March 2024

Financial Results: First Half of the Fiscal Year Ending March 2022

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

Financial Highlights: 1st Quarter of Fiscal Year Ending March 2014

Consolidated Financial Results: Year Ended March 31, 2025

Consolidated Financial Data: FY2025 3rd Quarter

Financial Results for the Q3: Fiscal Year Ending March 2025

Financial Highlights: 3rd Quarter of Fiscal Year Ending March 2011

Financial Results for the First Half of the Fiscal Year Ending March 2020: Japan

Financial Highlights: 1st Quarter, Fiscal Year Ending March 2021

Financial Highlights: 1st Quarter of the Fiscal Year Ending March 2017

Financial Results: Fiscal Year Ending March 2019