Koei Tecmo

Game Co.

212 documents

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

Documents

Financial

Financial Highlights for the Fiscal Year Ending March 2020 (FY2019)

Koei Tecmo Holdings reported a decline in financial performance for the first quarter of the fiscal year ending March 2020, covering the period through June 30, 2019. Net sales for the quarter reached 7.23 billion yen, a 10.9% decrease compared to the same period in the previous year. This downturn was more pronounced in profitability metrics, as operating income fell by 58.3% to 956 million yen, and net income dropped 22.1% to 2.21 billion yen. Despite these quarterly contractions, the company maintains a positive full-year outlook, forecasting a 10.3% increase in annual net sales to 43 billion yen. The Entertainment segment, which represents the core of the company’s business, was the primary driver of the quarterly decline, with sales falling 13.4% and operating income decreasing 65.4% year-over-year. In contrast, the Amusement segment showed significant growth, with sales rising 26.9% and operating income surging 178.6%. Other smaller segments, such as Real Estate, saw a reduction in revenue and profit, while the miscellaneous "Other" category experienced modest gains. The consolidated balance sheet as of June 30, 2019, shows total assets of 123.1 billion yen, a slight decrease from the 129.2 billion yen reported at the end of the prior fiscal year. This change was largely driven by a reduction in notes and accounts receivable and a decrease in cash and time deposits. The company’s financial position remains characterized by a heavy weighting toward investment securities, which total 76.8 billion yen, accounting for over 60% of total assets. Total net assets stood at 114.4 billion yen, reflecting a stable equity ratio despite the quarterly fluctuations in operational income.

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Koei TecmoMar 2020

Financial

Financial Highlights for the 2nd Quarter of the Fiscal Year Ending March 2021 (FY2020)

Koei Tecmo Holdings reported significant financial growth for the second quarter of the fiscal year ending March 2021, characterized by a substantial increase in profitability and revenue compared to the same period in the previous year. Net sales rose by 39.7% to 23.1 billion yen, while operating income surged by 145.6% to 8.4 billion yen. This performance was driven primarily by the Entertainment segment, which saw a 45.8% increase in sales and a 176.3% jump in operating income. In contrast, the Amusement segment experienced a decline, with sales falling 13.8% and operating income dropping 88.8% year-over-year. The consolidated balance sheet as of September 30, 2020, shows total assets increasing to 160.4 billion yen, up from 147.8 billion yen at the end of the prior fiscal year. This growth was largely fueled by a rise in investment securities, which climbed from 71.4 billion yen to 87.4 billion yen. Net assets also saw a healthy increase to 137.5 billion yen, supported by higher retained earnings and a significant recovery in unrealized gains on securities, which moved from a negative position to a surplus of 7.5 billion yen. Based on these mid-year results, the full-year forecast for fiscal year 2020 anticipates continued growth. Net sales are projected to reach 51 billion yen, representing a 19.6% increase over the previous full year, while net income is expected to rise by 17.6% to 18 billion yen. These projections suggest a positive outlook for the remainder of the fiscal year, anchored by the strong momentum in the core entertainment and software business.

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Koei TecmoJan 2020

Financial

Financial Highlights for the 3rd Quarter of the Fiscal Year Ending March 2020 (FY2019)

Koei Tecmo Holdings Co., Ltd. presents its financial performance for the third quarter of the fiscal year ending March 2020, covering the nine-month period ending December 31, 2019. The data reflects a period of mixed financial results characterized by a slight decline in top-line revenue and operating income, contrasted by significant growth in net income and total assets. The primary focus of the analysis is the Entertainment segment, which remains the dominant driver of the company’s business operations. Net sales for the third quarter reached 26.68 billion yen, representing a marginal 0.5% decrease compared to the same period in the previous year. Operating income saw a more pronounced decline of 9.5%, falling to 6.43 billion yen. Despite these contractions in core operational profitability, income before taxes rose by 10.6% to 12.68 billion yen, and net income increased by 14.8% to 9.72 billion yen. This discrepancy suggests strong non-operating performance, likely tied to the company’s investment activities. The Entertainment segment contributed the vast majority of revenue at 24.13 billion yen, showing a slight year-over-year increase of 0.9%. Other segments, including Amusement, Real Estate, and Other businesses, all experienced double-digit declines in both sales and operating income during the quarter. Geographically and operationally, the company maintains a robust balance sheet, with total assets increasing from 129.19 billion yen at the end of the prior fiscal year to 139.05 billion yen. This growth was largely driven by a substantial increase in investment securities, which rose from 76.36 billion yen to 87.30 billion yen. Looking ahead, the full-year forecast anticipates a recovery in sales to 43 billion yen, a 10.3% increase over the previous year's results. However, the company expects a slight 0.8% decrease in full-year operating income and a 5.1% decline in net income compared to the prior year's totals, indicating a cautious outlook for the final quarter of the fiscal year.

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Koei TecmoJan 2020

Financial

Financial Highlights for the Fiscal Year Ending March 2021 (FY2020)

Koei Tecmo Holdings achieved record-breaking financial performance for the fiscal year ending March 31, 2021, characterized by significant growth across all major profitability metrics. Net sales rose to 60.37 billion yen, representing a 41.6% increase over the previous year. This surge in revenue drove even more substantial gains in profitability, with operating income climbing 73% to 24.4 billion yen and net income nearly doubling to 29.55 billion yen, a 93.1% year-over-year improvement. The entertainment segment served as the primary engine for growth, contributing 56.8 billion yen in sales and 23.97 billion yen in operating income. While the amusement and real estate segments remained profitable, they experienced declines in operating income of 29.1% and 50.3% respectively, highlighting the company's increasing reliance on its core software and digital entertainment business. The balance sheet reflects a robust financial position, with total assets expanding from 147.8 billion yen to 190.7 billion yen. This growth was largely fueled by a massive increase in investment securities, which rose from 71.35 billion yen to 113.18 billion yen. Looking ahead to the fiscal year ending March 2022, forecasts suggest continued revenue expansion to 65 billion yen. However, the company anticipates a stabilization of profits, projecting a slight 0.4% increase in operating income and a 10.3% decrease in net income compared to the exceptional highs of the 2020 fiscal year. Overall, the data demonstrates a period of rapid scaling and successful capital management, positioning the organization with high liquidity and a strong equity ratio as it enters the next period.

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Koei TecmoJan 2020

Financial

Financial Highlights for the 1st Quarter of the Fiscal Year Ending March 2021 (FY2020)

Koei Tecmo Holdings reported significant financial growth for the first quarter of the fiscal year ending March 2021, characterized by a substantial increase in profitability and revenue compared to the same period in the previous year. Net sales rose by 57.2% to 11,363 million yen, while operating income experienced a dramatic surge of 358.6%, reaching 4,387 million yen. Net income for the quarter nearly tripled, climbing 199.8% to 6,628 million yen. This performance indicates a strong start to the fiscal year, driven primarily by the core entertainment segment. The entertainment division served as the primary engine for growth, with sales increasing 68.2% to 10,742 million yen and operating income rising 484.7% to 4,315 million yen. In contrast, the amusement segment faced challenges, with sales declining 22.4% and operating income dropping 89.1% year-over-year. The real estate segment remained stable with modest growth in both revenue and profit. These results highlight a heavy reliance on digital entertainment products to offset weaknesses in location-based amusement businesses during this period. The consolidated balance sheet as of June 30, 2020, shows a healthy financial position with total assets increasing to 152,500 million yen. A notable data point is the significant rise in investment securities, which grew from 71,350 million yen to 80,225 million yen over the three-month period. Total net assets also improved to 128,181 million yen, supported by a recovery in unrealized gains on securities. The company maintained a strong liquidity position with 16,228 million yen in cash and time deposits, providing a stable foundation for continued operations and investment.

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Koei TecmoJan 2020

Financial

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

Koei Tecmo reported a 4.8% year-on-year decrease in sales to ¥16.56 billion and a 26.6% drop in operating profit for the first half of the fiscal year ending March 2020. These declines were primarily driven by lower console sales and rising development costs associated with future projects. However, ordinary and net profits exceeded initial projections due to robust non-operating income and significant growth in the online and mobile segments. This success was largely fueled by IP licensing and the performance of smartphone titles, which helped offset the impact of increased fixed costs related to the completion of the Minato-Mirai office and expanded development teams. The current fiscal year serves as a strategic preparation period for the company’s 2020 mid-term goals. Despite the early dip in operating profit, the full-year forecast remains unchanged at ¥43 billion in sales, representing a 10.3% year-on-year increase. This growth is expected to be driven by a 29.6% surge in overseas sales and a 61.4% rise in international console unit volume. Recent successes, such as the strong performance of Atelier Ryza and the critical acclaim for co-developed titles like Fire Emblem: Three Houses, provide a foundation for this expansion. Long-term strategy focuses on the creation of global intellectual properties and multi-platform expansion. The company is targeting an operating profit of ¥17 billion by the end of the next fiscal year, supported by the development of a major AAA console title aimed at selling five million units and a top-tier mobile title capable of generating ¥1 billion in monthly revenue. With a pipeline featuring high-profile releases such as Nioh 2 and Persona 5 Scramble, the company aims to leverage its royalty income and international reach to achieve sustainable growth across the global gaming market.

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Koei TecmoOct 2019

Financial

Fiscal Year Ending March 2019 Financial Results

Koei Tecmo achieved record-high profitability during the fiscal year ending March 2019, marking its ninth consecutive year of profit growth. Despite a 20.2% decline in total unit sales, net income rose 5.2% to 13.69 billion yen. This financial resilience is attributed to a strategic shift toward high-margin digital sales and IP licensing. Looking toward fiscal year 2020, the company aims to reach 51 billion yen in total sales, supported by a projected 61.4% recovery in overseas unit sales and a 10.3% increase in group-wide revenue. The strategic roadmap centers on three primary milestones: the launch of a new AAA title capable of selling 5 million units, the development of a smartphone game generating 1 billion yen in monthly revenue, and a comprehensive expansion into the Chinese market. To facilitate this global growth, the company is reevaluating the roles of its international offices and intensifying digital marketing efforts across Asia. Major franchises such as Nioh 2 and Dynasty Warriors remain central to this multi-platform approach, which balances original titles based on an Oriental worldview with high-profile collaborative projects. Shareholder returns remain a priority, evidenced by a 62.03% payout ratio and the issuance of a special dividend for the 2018 fiscal year. By leveraging its intellectual property across console and mobile sectors while expanding its footprint in China, the company seeks to solidify its position as a global entertainment leader. This transition from domestic stability to aggressive international expansion defines the current mid-term plan, focusing on high-volume individual titles and sustainable mobile revenue streams to drive long-term value.

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Koei TecmoApr 2019

Financial

Financial Highlights for the Fiscal Year Ending March 2019 (FY2018)

Koei Tecmo Holdings achieved steady financial growth during the fiscal year ending March 31, 2019, characterized by record-level profits and a stable expansion of its core business segments. Net sales reached 38,968 million yen, representing a slight year-on-year increase, while operating income rose by 3.3% to 12,092 million yen. The most significant growth was observed in net income, which climbed 5.2% to 13,694 million yen. These results demonstrate the company's ability to maintain high profitability margins, with gross profit improving by 2.9% despite relatively flat top-line revenue growth. The Entertainment segment remains the primary driver of corporate value, contributing 35,120 million yen in sales and the vast majority of operating income at 11,078 million yen. While Entertainment sales saw a marginal dip of 0.8%, the Pachislot and Pachinko segment experienced a dramatic surge, with sales increasing by 73.4% and operating income doubling to 587 million yen. The Amusement Facilities segment also showed a successful turnaround, moving from an operating loss in the previous year to a profit of 99 million yen. Conversely, the Real Estate and Other segments saw declines in both revenue and operating income, though their overall impact on the consolidated balance sheet remains secondary to the core gaming and entertainment divisions. The corporate financial position is robust, with total assets valued at 129,192 million yen. A significant portion of the company’s strength is tied to its investment activities, evidenced by 76,355 million yen held in investment securities. Total net assets grew to 119,284 million yen, supported by a substantial increase in retained earnings, which rose from 73,269 million yen to 80,404 million yen. Looking forward to the fiscal year ending March 2020, the company forecasts a 10.3% increase in net sales to 43,000 million yen, though it anticipates a slight contraction in net income to 13,000 million yen.

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Koei TecmoJan 2019

Financial

Financial Highlights for the 1st Half of the Fiscal Year Ending March 2020 (FY2019)

Koei Tecmo Holdings reported a moderate decline in financial performance for the first half of the fiscal year ending March 2020. During the six-month period concluding September 30, 2019, net sales reached 16.56 billion yen, representing a 4.8% decrease compared to the same period in the previous year. Operating income saw a more significant contraction, falling 26.6% to 3.44 billion yen, while net income declined by 5.7% to 5.93 billion yen. The entertainment segment remains the primary driver of the company’s business, accounting for 14.87 billion yen in sales, though it experienced a 5.0% year-over-year decrease. Other business units, including amusement and real estate, also reported lower sales and operating income. Despite the downward trend in the first half, the full-year forecast remains optimistic regarding top-line growth, projecting total net sales of 43.0 billion yen, which would constitute a 10.3% increase over the prior full fiscal year. However, full-year net income is expected to decrease by 5.1% to 13.0 billion yen. The consolidated balance sheet indicates a strong asset position, with total assets valued at 125.75 billion yen. A substantial portion of the company’s value is held in fixed assets, specifically 74.4 billion yen in investment securities. Shareholders' equity remains robust at 118.67 billion yen, contributing to a total net asset value of 118.12 billion yen. The data reflects a period of transition where short-term earnings have softened, yet the company maintains a stable capital base and anticipates a recovery in sales volume by the end of the fiscal year.

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Koei TecmoJan 2019

Financial

Financial Highlights: Fiscal Year Ending March 2018 (FY2017)

Koei Tecmo Holdings achieved significant financial growth during the fiscal year ending March 31, 2018, characterized by a substantial increase in profitability despite modest top-line expansion. Net sales rose by 5.1% to reach 38,926 million yen, while operating income surged by 33.4% to 11,711 million yen. This performance was driven primarily by the core Entertainment segment, which saw a 7.2% increase in sales and a 40% jump in operating income. Net income for the period reached 13,017 million yen, representing a 12% year-over-year improvement. The Entertainment division remains the dominant revenue driver, contributing 35,389 million yen to the total sales mix. In contrast, the Pachislot and Pachinko segment experienced a sharp decline, with sales falling by 52.6% and operating income dropping by over 60%. While the Amusement Facilities segment saw a 21.3% increase in sales, it recorded an operating loss of 362 million yen. Other smaller segments, including Real Estate and miscellaneous categories, showed varied performance but remained minor contributors to the overall corporate portfolio. The consolidated balance sheet reflects a strong capital position, with total assets increasing from 119,461 million yen to 129,367 million yen. A notable shift occurred in the asset structure, as cash and time deposits decreased while investment securities grew significantly to 78,938 million yen. Total net assets rose to 116,242 million yen, supported by a healthy increase in retained earnings. Looking forward to the 2018 fiscal year, forecasts suggest continued sales growth to 41,000 million yen, though net income is projected to stabilize with a slight 4% decrease compared to the 2017 results.

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Koei TecmoMar 2018

Financial

Fiscal Year Ending March 2019: 1st Half Financial Results

Koei Tecmo Holdings reported record-breaking financial results for the first half of the fiscal year ending March 2019, characterized by significant growth in profitability and the expansion of its global intellectual property (IP) portfolio. Net sales reached 17.4 billion yen, a 16.7% increase year-over-year, while operating profit surged by 64.3% to 4.68 billion yen. This performance was driven by high-margin royalty income from licensed titles and the continued success of the smartphone game sector, resulting in an improved operating profit ratio of 26.9%. The strategic focus centers on three primary pillars: creating global AAA titles with sales targets of 5 million copies, developing smartphone titles capable of generating 1 billion yen in monthly revenue, and collaborating with leading overseas IPs. Key product milestones during this period included the continued success of Nioh, which surpassed 2 million copies, and the strong performance of licensed mobile titles like Shin-Sangoku-shi and Dynasty Warriors: Unleashed, both of which achieved high rankings on the App Store and Google Play in Japan. Geographically, Japan remains the largest market, accounting for approximately 66% of sales, though the Asia region saw the most dramatic growth with a 46.1% increase in revenue. While unit sales for packaged software saw a slight decline of 6.6% to 2.39 million units, the company offset this through digital growth and licensing. Looking forward, the mid-term management plan aims for 51 billion yen in sales and 21 billion yen in ordinary profit by fiscal year 2020, supported by upcoming major releases such as Dead or Alive 6 and Nioh 2, alongside a full-scale entry into the Chinese market and the completion of a new office in Minato Mirai.

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Koei TecmoJan 2018

Financial

Financial Highlights for the 3rd Quarter of the Fiscal Year Ending March 2019 (FY2018)

Koei Tecmo Holdings Co., Ltd. reported strong financial performance for the third quarter of the fiscal year ending March 2019, characterized by double-digit growth in both revenue and operating profitability. Net sales reached 26.8 billion yen, an 11.5% increase over the same period in the previous year, while operating income rose significantly by 24.9% to 7.1 billion yen. This growth was primarily driven by the core Entertainment segment, which remains the company’s largest business unit, contributing 23.9 billion yen in sales and 6.3 billion yen in operating income. The Pachislot & Pachinko segment also demonstrated substantial momentum, with sales increasing by 74.4% and operating income nearly doubling year-over-year. In contrast, the Amusement Facilities and Real Estate segments saw slight declines in revenue, though the Amusement Facilities division successfully returned to profitability during the period. Despite the strong operational performance, net income growth was more modest at 2.5%, totaling 8.47 billion yen, as non-operating factors and market fluctuations influenced the bottom line. The consolidated balance sheet as of December 31, 2018, shows total assets of 116.2 billion yen, a decrease from the 128.6 billion yen reported at the end of the previous fiscal year. This reduction was largely driven by a decrease in investment securities and accounts receivable. Shareholders' equity remained robust at 114.1 billion yen, though total net assets were impacted by unrealized losses on securities. Looking ahead, the company maintains a positive full-year forecast, projecting net sales of 41 billion yen and operating income of 12 billion yen, signaling continued confidence in its core entertainment software and licensing businesses.

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Koei TecmoJan 2018