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: Fiscal Year Ending March 2024

for the Fiscal Year Ending March 2024 FY22 FY23 Vs Previous Year Full Year Full Year Amount Ratio Amount Ratio Amount % Change Sales 78,417 - 84,584 - 6,167 7.9% Operating Profit 39,133 49.9% 28,494 33.7% △ 10,639 -27.2% Ordinary Profit 39,899 50.9% 45,741 54.1% 5,842 14.6% Net Profit 30,935 39.4% 33,792 40.0% ...

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Koei Tecmo

Report

Financial Highlights: Fiscal Year Ending March 2021

Financial highlights for the fiscal year ending March 2021 show a robust expansion of KOEI TECMO HOLDINGS’ revenue and profitability. Net sales rose 41.6 % from ¥42,645 million in FY2019 to ¥60,370 million in FY2020, driven mainly by the entertainment segment which grew 45.3 % to ¥56,808 million. Gross profit increased 73.2 %, operating income surged 73.0 % to ¥24,397 million, and net income nearly doubled, rising 93.1 % to ¥29,550 million. Forecasts for FY2021 anticipate a modest 7.7 % sales increase to ¥65,000 million and a slight operating income rise of 0.4 % to ¥24,500 million. The balance sheet reflects significant asset growth: total assets expanded from ¥147,793 million to ¥190,671 million, largely due to a jump in investment securities from ¥71,350 million to ¥113,176 million and an increase in net defined benefit assets. Current assets grew 12.5 % to ¥33,739 million, while current liabilities fell 12.8 % to ¥21,022 million, improving liquidity. Shareholders’ equity rose 18.8 % to ¥151,999 million, supported by retained earnings growth and a reduction in treasury stock. Geographically the company operates primarily within Japan, with revenue streams concentrated in entertainment and amusement. The period covered is FY2019 through FY2020, with forward guidance for FY2021. Data derive from consolidated financial statements prepared under Japanese GAAP, reflecting a comprehensive view of operating performance and balance sheet strength.

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Koei Tecmo

Report

FY2024 Annual Data Appendix

The FY2024 Annual Data Appendix presents a comprehensive financial and operational snapshot of Koei Tecmo’s performance across fiscal years 2022–2025, with detailed quarterly and full‑year figures for sales, cost of sales, gross profit, SG&A, operating profit, ordinary profit, and net profit. Sales peaked in FY22 Q4 at ¥28,978 million before declining to ¥17,590 million in FY23 Q4 and rebounding to ¥23,448 million in FY24 Q4. Gross profit margins fell from 62% in FY22 Q1 to 25% in FY24 Q4, reflecting rising cost of sales and SG&A. Operating profit followed a similar trend, with FY24 Q4 at ¥8,178 million versus ¥16,139 million in FY22 Q4. Net profit swung from ¥17,458 million in FY22 Q4 to a loss of ¥171 million in FY24 Q3, before recovering to ¥9,509 million in FY24 Q4. Return on equity rose from 20.7% in FY22 to 22.1% in FY24, while the weighted average cost of capital increased from 2.6% to 3.0%. Segment analysis shows the Entertainment division dominates revenue, contributing ¥73,917 million in FY24 and accounting for 94% of total sales. Amusement and real‑estate segments remain small, each under ¥5 billion annually. Geographic revenue distribution highlights Japan as the largest market (¥38,437 million FY24), followed by Asia excluding Japan (¥25,010 million) and North America (¥11,609 million). Overseas sales consistently exceed 40% of total revenue, peaking at 55.4% in FY24 Q4. Cost breakdowns reveal SG&A expenses rising from ¥3,626 million in FY22 Q1 to ¥8,301 million in FY24 Q3, driven largely by advertising and other variable costs. Employment costs increased modestly from ¥5,110 million to ¥6,500 million over the period. Capital expenditures remained modest, with FY24 cumulative investment at ¥1,967 million. Headcount grew from 2,413 employees in FY22 Q1 to 2,736 by FY24 Q4, a 9% YoY increase. Digital sales dominate the Entertainment segment, with digital download and DLC revenue accounting for over 60% of total entertainment sales in FY24. New title launches remain steady, with 2,370 units sold in FY24. The appendix also outlines the FY24 title line‑up, featuring high‑profile releases such as “Romance of the Three Kingdoms 8 Remake” and “Fairy Tail 2,” targeting global markets across console, PC, and mobile platforms. These releases are positioned to support the company’s strategy of expanding digital and overseas sales while maintaining strong domestic performance.

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Koei Tecmo

Report

FY2025 1st Quarter Data Appendix: Koei Tecmo

Koei Tecmo’s FY2025 first‑quarter financial appendix presents consolidated performance for the fiscal year 2024, with comparative data through FY2023 and projections to FY2025. Sales rose from ¥18.7 billion in Q1 2024 to ¥21.4 billion in Q1 2025, driven by a 20% increase in the Entertainment segment and a 30% rise in the Amusement division. Gross profit improved to ¥15.3 billion, reflecting a higher gross margin of 82% versus 78% in the prior year. Operating profit climbed to ¥11.7 billion, with SG&A costs rising modestly to ¥3.6 billion as marketing spend increased in the online and mobile sectors. Segment analysis shows Entertainment sales of ¥17.8 billion, Amusement ¥0.6 billion, Real Estate ¥0.3 billion, and Other ¥0.08 billion in Q1 2024, with Entertainment maintaining the largest share at 95%. Regional revenue distribution highlights Japan as the leading market (¥9.1 billion, 49% of total), followed by North America (¥2.7 billion) and Asia excluding Japan (¥6.0 billion). Overseas sales accounted for 51% of total revenue, up from 46% in the previous year. Capital expenditures totaled ¥789 million for FY2024, with real estate and equipment investments of ¥526 million and ¥263 million respectively. Depreciation expense reached ¥1.6 billion, consistent with prior periods. The appendix also details major series performance, noting that “Dynasty Warriors” and “Nobunaga’s Ambition” collectively exceed 30 million units sold, while online/mobile titles such as “DEAD OR ALIVE Xtreme Venus Vacation” and “Romance of the Three Kingdoms: Hadou” have sustained multi‑year service periods. Overall, Koei Tecmo demonstrates steady growth across core entertainment offerings, with strategic emphasis on digital and mobile platforms to sustain revenue momentum.

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Koei Tecmo

Report

Consolidated Financial Results for the Three Months Ended June 30, 2024

The quarterly consolidated financial results for the three months ended June 30, 2024 show a mixed performance. Net sales fell 3.8 % to ¥17,607 million from ¥18,297 million in the same period a year earlier, driven by a decline in mobile‑sector revenue and lack of new smartphone titles. Operating profit dropped 23.8 % to ¥5,723 million as operating costs rose with an expanded in‑house mobile title roster. Despite lower operating income, ordinary profit increased 27.3 % to ¥18,703 million and net income attributable to owners rose 29.2 % to ¥13,638 million, setting record quarterly highs for both metrics. The company’s balance sheet strengthened: total assets rose to ¥255,675 million from ¥245,802 million, while net assets increased to ¥177,753 million. Capital adequacy improved from 71.1 % to 69.2 %, and net assets per share climbed to ¥560.38. Shareholders’ equity remained solid at ¥167,733 million, with retained earnings slightly lower due to a higher dividend payout. Segment analysis indicates the entertainment segment generated ¥16,581 million in sales and ¥5,701 million in profit, supported by repeat sales of “Rise of the Ronin” and ongoing development of new titles such as “FAIRY TAIL 2.” The amusement, real‑estate, and other segments contributed modestly to overall performance. For the fiscal year ending March 31, 2025, the company forecasts net sales of ¥90,000 million (up 6.4 %) and operating profit of ¥30,000 million (down 12.6 %). Ordinary profit is projected at ¥40,000 million (down 11.2 %) with net income attributable to owners at ¥30,000 million (down 11.2 %). Earnings per share are expected to be ¥95.04, reflecting a modest decline in profitability relative to the prior year. The forecast includes no revisions to dividend policy or consolidation scope, and accounting policies remain unchanged.

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Koei Tecmo

Report

1st Half Financial Results: FY 2011

The first‑half financial results for the fiscal year ending March 2011 show a sharp decline in revenue and profitability compared with the same period in 2009. Net sales fell from ¥15,264 million to ¥11,069 million, a 27.5 % drop, while operating loss widened from ¥641 million to ¥1,656 million. Ordinary profit and net income also deteriorated, with ordinary loss increasing from ¥349 million to ¥1,097 million and net loss rising from ¥415 million to ¥571 million. The decline is largely attributed to a one‑time goodwill amortization expense of approximately ¥510 million incurred after the merger with Koei and acquisition of Koei Net Co., Ltd. The company’s operating segments reflected uneven performance: Game sales dropped by 16 % to ¥6,330 million, while Online and Media segments saw modest gains. Regional sales remained concentrated in Japan (85.5 %) with overseas sales accounting for 14.5 % of total revenue. The consolidated plan for FY 2010 projects a modest 0.0 % change in total sales to ¥34,500 million, with operating profit expected to rise from a loss of ¥641 million in FY 2009 to a gain of ¥4,000 million. Ordinary profit and net income are projected to improve by 13.0 % and 7.8 %, respectively, largely driven by a projected operating profit of ¥4,000 million in the Game segment. The plan also outlines significant capital expenditures (¥1,685 million) and a shift in marketing focus toward overseas markets and social gaming. Methodologically, the report relies on consolidated financial statements for the first half of FY 2010 and comparative figures from FY 2009, with adjustments noted for goodwill amortization. The document also includes strategic initiatives such as the launch of social games based on popular IPs, expansion into mobile and PC platforms, and the establishment of a Global Marketing Department to strengthen overseas presence.

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Koei Tecmo

Report

Financial Results: Fiscal Year Ending March 2017

The financial overview for the fiscal year ending March 2017 highlights a strategic shift toward digital business, which has become a key driver of profitability. Total sales declined slightly from ¥38,332 million in FY2015 to ¥37,034 million in FY2016, a 3.4 % year‑over‑year drop; however, operating profit fell more sharply, decreasing 30 % to ¥8,781 million. Ordinary profit and net income also slipped by 3.5 % and 7.1 %, respectively, reflecting tighter margins amid a higher proportion of digital revenue. Digital sales accounted for 31.4 % of total revenue in FY2016, up from 28.3 % the previous year, and contributed to a 10 % rise in net income relative to sales growth. Geographic analysis shows Japan’s share of sales contracted by 5.8 % (¥1,679 million), while overseas revenue grew modestly by 4.0 % (¥381 million). Within overseas markets, North America and Europe saw modest gains of 2.4 % and 5.8 %, respectively, whereas Asia experienced a decline of 16.7 % (¥677 million). Digital unit sales increased overall by 1013.5 %, driven largely by smartphone and downloadable titles. The company’s consolidated plan for FY2018 projects a 13.4 % sales increase to ¥42,000 million and a 31.0 % rise in operating profit to ¥11,500 million, underscoring continued emphasis on digital expansion. Methodologically, figures derive from internal financial statements and segment reporting, with sales broken down by product type (Pachislot, entertainment, real estate) and platform (PS4, iOS/Android). The analysis reflects a deliberate pivot toward high‑margin digital offerings while managing declining traditional revenue streams.

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Koei Tecmo

Koei Tecmo

Documents

Financial Results: Fiscal Year Ending March 2024

Financial Highlights: Fiscal Year Ending March 2021

FY2024 Annual Data Appendix

FY2025 1st Quarter Data Appendix: Koei Tecmo

Consolidated Financial Results for the Three Months Ended June 30, 2024

1st Half Financial Results: FY 2011

Financial Results: Fiscal Year Ending March 2015

Financial Results: Fiscal Year Ending March 2017