Koei Tecmo Q1 FY3/2024 Financial Results (April - June 2023)

[MarcoP90]

Japanese - https://www.koeitecmo.co.jp/ir/ir1_20230731.pdf
English - https://www.koeitecmo.co.jp/e/ir/ir1_20230731_e.pdf

FY3/2024 YTD (from April to June 2023)

Summary (Million Yen)

Sales - 18.297 (-1,9% over the same period of FY3/2023)
Operating Profit - 7.506 (-35,6%)
Ordinary Profit - 14.687 (+61,6%)
Net Profit - 10.552 (+56,3%)

Sales amount by region (Million Yen)

Japan - 10.636 | 58,1% of total sales (+16,9% over the full FY3/2023)
Overseas - 7.661 | 41,9% of total sales (-19,8%); of which:

N. America - 1.803 | 9,9% of total sales (-34,2%)
Europe - 539 | 2,9% of total sales (-31,4%)
Asia - 5.319 | 31,9% of total sales (-11,8%)

Units sold by region and download numbers / ratios (units; divided by 1.000)

Breakdown on the Sales for Entertainment Segment (Million Yen)

Sales trend for online / mobile

Financial presentation

Japanese - https://www.koeitecmo.co.jp/ir/ir3_20230731.pdf
English - https://www.koeitecmo.co.jp/e/ir/ir3_20230731_e.pdf

Previous threads

FY3/2023

Q1 - https://www.installbaseforum.com/forums/threads/koei-tecmo-q1-fy3-2023-financial-results.944/
Q2 - https://www.installbaseforum.com/forums/threads/koei-tecmo-q2-fy3-2023-financial-results.1161/
Q3 - https://www.installbaseforum.com/forums/threads/koei-tecmo-q3-fy3-2023-financial-results.1341/
Q4 - https://www.installbaseforum.com/forums/threads/koei-tecmo-q3-fy3-2023-financial-results.1341/

 

[Cocodor]

Thanks for the thread!
Interesting regional breakdown, feels like their recent games (outside of wolong?) have been mostly catering to japan.
Good results, even if it's a less busy than usual period for them.

Interesting to see all their upcoming games are not releasing on Xbox, wonder if that'll change when they'll announce more things around TGS.

 

[ggx2ac]

The following comes from my webpage: https://r134x7.github.io/nintendo-earnings-data-and-other-video-game-companies/#/koei-tecmo

Earnings:

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| KOEI TECMO HOLDINGS CO., LTD. | FY3/2024  |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Consolidated Operating Results            |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of June 30th, 2023 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                  |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥18,297M |    -1.91% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|FY3/2024 Forecast|     ¥95,000M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income           |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥7,506M |   -35.61% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|FY3/2024 Forecast|     ¥37,500M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |       41.02% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|FY3/2024 Forecast|       39.47% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Income                 |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥10,552M |   +56.33% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|FY3/2024 Forecast|     ¥31,000M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

Sales Per Software Unit:

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| KOEI TECMO HOLDINGS CO., LTD. | FY3/2024 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Information - Software Sales     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of June 30th, 2023 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Console Package & DL                             |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|             |             |          | Sales Per |
|             |             | Software |  Software |
|             |       Sales |    Units |      Unit |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥5,497M |    1.48M |    ¥3,714 |
|        YoY% |     -36.92% |   -52.1% |    +31.7% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Package: Including sales for packages, royalty,  |
| commission fees (incl. %-of-completion basis),   |
| and down payment. DL (download) sales: sales for |
| digital copies via PSN/XboxLive/Switch DL/Steam  |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

Special page data:

1st quarter earnings:

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| KOEI TECMO HOLDINGS CO., LTD. |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Consolidated Operating Results  |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of June 30th, 2023 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 1st Quarter |     ¥6,970M |
| FY3/2011 1st Quarter |     ¥5,332M |
| FY3/2012 1st Quarter |     ¥6,717M |
| FY3/2013 1st Quarter |     ¥5,861M |
| FY3/2014 1st Quarter |     ¥6,499M |
| FY3/2015 1st Quarter |     ¥6,320M |
| FY3/2016 1st Quarter |     ¥6,816M |
| FY3/2017 1st Quarter |     ¥7,695M |
| FY3/2018 1st Quarter |     ¥6,516M |
| FY3/2019 1st Quarter |     ¥8,109M |
| FY3/2020 1st Quarter |     ¥7,228M |
| FY3/2021 1st Quarter |    ¥11,363M |
| FY3/2022 1st Quarter |    ¥20,520M |
| FY3/2023 1st Quarter |    ¥18,653M |
| FY3/2024 1st Quarter |    ¥18,297M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             15 |
| Sum               |      ¥142,896M |
| Average           |        ¥9,526M |
| Median            |        ¥6,970M |
| Minimum           |        ¥5,332M |
| Maximum           |       ¥20,520M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 1st Quarter |      ¥-519M |
| FY3/2011 1st Quarter |      ¥-833M |
| FY3/2012 1st Quarter |       ¥343M |
| FY3/2013 1st Quarter |        ¥24M |
| FY3/2014 1st Quarter |        ¥44M |
| FY3/2015 1st Quarter |       ¥470M |
| FY3/2016 1st Quarter |       ¥690M |
| FY3/2017 1st Quarter |     ¥1,178M |
| FY3/2018 1st Quarter |       ¥984M |
| FY3/2019 1st Quarter |     ¥2,294M |
| FY3/2020 1st Quarter |       ¥956M |
| FY3/2021 1st Quarter |     ¥4,387M |
| FY3/2022 1st Quarter |     ¥9,718M |
| FY3/2023 1st Quarter |    ¥11,657M |
| FY3/2024 1st Quarter |     ¥7,506M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             15 |
| Sum               |       ¥38,899M |
| Average           |        ¥2,593M |
| Median            |          ¥956M |
| Minimum           |         ¥-833M |
| Maximum           |       ¥11,657M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Income                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 1st Quarter |      ¥-102M |
| FY3/2011 1st Quarter |      ¥-331M |
| FY3/2012 1st Quarter |       ¥265M |
| FY3/2013 1st Quarter |      ¥-488M |
| FY3/2014 1st Quarter |       ¥938M |
| FY3/2015 1st Quarter |     ¥1,361M |
| FY3/2016 1st Quarter |     ¥2,031M |
| FY3/2017 1st Quarter |     ¥1,082M |
| FY3/2018 1st Quarter |     ¥3,058M |
| FY3/2019 1st Quarter |     ¥2,838M |
| FY3/2020 1st Quarter |     ¥2,210M |
| FY3/2021 1st Quarter |     ¥6,628M |
| FY3/2022 1st Quarter |    ¥13,381M |
| FY3/2023 1st Quarter |     ¥6,750M |
| FY3/2024 1st Quarter |    ¥10,552M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             15 |
| Sum               |       ¥50,173M |
| Average           |        ¥3,345M |
| Median            |        ¥2,031M |
| Minimum           |         ¥-488M |
| Maximum           |       ¥13,381M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+

Sales per Software unit 1st quarter special page data:

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| KOEI TECMO HOLDINGS CO., LTD.         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Information - Software Sales  |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of June 30th, 2023 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Console Package & DL                                      |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|                      |             |          | Sales Per |
|                      |             | Software |  Software |
|                      |       Sales |    Units |      Unit |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2020 1st Quarter |     ¥3,095M |    0.79M |    ¥3,918 |
| FY3/2021 1st Quarter |     ¥5,382M |    1.69M |    ¥3,185 |
| FY3/2022 1st Quarter |    ¥10,068M |    2.45M |    ¥4,109 |
| FY3/2023 1st Quarter |     ¥8,715M |    3.09M |    ¥2,820 |
| FY3/2024 1st Quarter |     ¥5,497M |    1.48M |    ¥3,714 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count                |           5 |        5 |         5 |
| Sum                  |    ¥32,757M |     9.5M |   ¥17,746 |
| Average              |     ¥6,551M |     1.9M |    ¥3,549 |
| Median               |     ¥5,497M |    1.69M |    ¥3,714 |
| Minimum              |     ¥3,095M |    0.79M |    ¥2,820 |
| Maximum              |    ¥10,068M |    3.09M |    ¥4,109 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Package: Including sales for packages, royalty,      |
| commission fees (incl. %-of-completion basis), and   |
| down payment. DL (download) sales: sales for digital |
| copies via PSN/XboxLive/Switch DL/Steam              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+

 

[Copilot]

Thanks for the thread!
Interesting regional breakdown, feels like their recent games (outside of wolong?) have been mostly catering to japan.
Good results, even if it's a less busy than usual period for them.

Interesting to see all their upcoming games are not releasing on Xbox, wonder if that'll change when they'll announce more things around TGS.

Where are you seeing that their games aren't coming to Xbox.

 

[enpleinjour]

81% digital ratio by units. Huge and pretty much on par with the Western publishers at this point.

 

[fiendcode]

Where are you seeing that their games aren't coming to Xbox.

I think it's just based on track record. They tend to vary by division too, excluding contract stuff:

Omega Force and Team Ninja: Truly multiplatform, though games occasionally skip Nintendo (spec) or PS/Xbox (audience). Most stuff lands everywhere though.

Gust and Kou Shibusawa: Nintendo and PS focused. Basically nothing on Xbox.

Ruby Party: Nintendo only at this point. Basically nothing on PS or Xbox.

 

[Astrogamer]

81% digital ratio by units. Huge and pretty much on par with the Western publishers at this point.

It's important to note that this is largely catalog sales and regularly Koei Tecmo puts their games on sale but, they don't really do huge restocks of titles. The average price per unit for NA for instance seems to around $30, which is much lower than the price of a new title.

 

[muro9685]

That Wo Long is selling well put a smile on my face.

 

[Cocodor]

Where are you seeing that their games aren't coming to Xbox.

Link at the bottom of the OP.
Financial presentation, english, slide 12.

Their announced games aren't coming to xbox (doesn't mean there won't be ports later or that future games won't come there either).