Koei Tecmo Q3 FY3/2025 Financial Results (Oct - Dec 2024) | Ordinary profits slightly down YoY, net profits up, no change to the full FY forecast

https://www.koeitecmo.co.jp/e/ir/docs/ir1_20250127_e.pdf

FY3/2025 YTD (from April 2024 to December 2024)

Summary (Million Yen)

Sales: 52.570 (-14% over the same period of the previous FY)
Operating Profit: 15.075 (-25,8%)
Ordinary Profit: 33.144 (-2%)
Net Profit: 25.161 (+3,6%)

[Sales Console/PC] Compared to three new titles in the previous fiscal year, there are two new titles this fiscal year
[Sales Mobile] The previous fiscal year saw significant contributions from new titles, while this fiscal year focuses on existing titles
[Expenses] Decreased outsourcing processing costs and advertising expenses (positive impact on profit)
Increased personnel costs and reduced development cost burden from partners (negative impact on profit)

Progress towards initial forecast

Premise
The contribution from titles in fiscal years 2022 and 2023 is assessed conservatively
Licensing royalties are planned at a conservative level compared to the previous year
All upcoming titles, including those not yet announced, are accounted for

Variable Factors
Sales volumes of new releases and revenue from mobile titles

Breakdown on the Sales for Entertainment Segment (Million Yen)

Sales trend for console / PC

Sales trend for online / mobile

Pipeline

A selection of other slides from the rest of the presentation

Financial presentation

Previous threads

FY3/2024

Q1 - https://www.installbaseforum.com/fo...-2024-financial-results-april-june-2023.1829/
Q2 - https://www.installbaseforum.com/fo...awakening-at-150k-atelier-marie-at-110k.2075/
Q3 - https://www.installbaseforum.com/fo...financial-results-october-december-2023.2343/
Q4 - https://www.installbaseforum.com/fo...-sales-lower-than-the-original-forecast.2633/

FY3/2025

Q1 - https://www.installbaseforum.com/fo...s-previous-fy-no-change-to-the-guidance.2861/
Q2 - https://www.installbaseforum.com/fo...fy-but-higher-than-h1-original-guidance.3139/

 

[Cocodor]

Thanks for the link and slides ! Shame to see so many typos in that presentation though.
Honestly I doubt they'll ever manage their goal of being a bigger publisher if they still act like some regions should get some titles and some not (Prism, mobile games, late strategy ports, etc).
Their strategy overall seems to work (so far the same as previous quarters), but obviously still plenty to improve, like they say in their slides (own engine, own marketing, relying less on manufacturers, etc).

 

[Lelouch0612]

KOEI Tecmo has shared new lifetime total units sold for numerous franchises. (as of Dec 31, 2024)


- Dynasty Warriors 21M
- Nobunaga's Ambition 10M
- Samurai Warriors 8M
- Romance of the Three Kingdoms 8M
- Ninja Gaiden 7.5M
- Nioh 7.5M
- Atelier 7.5M
- Wo Long: Fallen Dynasty 5M

 

[Lite_Agent]

Huh, didn't notice that second Atelier game for consoles was only announced for Japan.

 

[MarcoP90]

Huh, didn't notice that second Atelier game for consoles was only announced for Japan.

It's actually been announced for Western markets as well, I'm not exactly sure why the presentation labels it as "Japan" rather than "Global" but alas

 

[Lelouch0612]

I wonder whether Ninja Gaiden 4 is one of the two AAA projects expected in the next 3 years.

 

[Lite_Agent]

It's actually been announced for Western markets as well, I'm not exactly sure why the presentation labels it as "Japan" rather than "Global" but alas

Now that's weird. Maybe it's not releasing in 2025 outside Japan.... *checks YT description*... well nope, also announced for 2025. Really weird.

 

[Shezard]

Surprised by the Wo Long number... until I saw that this is players and not units sold. Still, a download in Game Pass is money too. We don't k ow how much, but more than 0.

 

[saintsflow20]

Like last time, they forgot Atelier Yumia is coming to Xbox

Yeah that's strange Atelier Resleriana doesn't say global. Is it not going to be a simultaneous release? Would be odd.

 

[Ghostsonplanets]

It's actually been announced for Western markets as well, I'm not exactly sure why the presentation labels it as "Japan" rather than "Global" but alas

Is this a "offline" version of Resleriana for consoles?

I wonder whether Ninja Gaiden 4 is one of the two AAA projects expected in the next 3 years.

I was actually wondering the same thing.

 

[Hartmann]

Just like Sega, only disclosing series sales figures is not very helpful...

 

[SirArthur]

Speaking of Atelier Resleriana, the f2p game is shutting down the "global version". The japanese version will still be online.

End of Service Announcement
Dear Players
Thank you for playing the global version of “Atelier Resleriana: Forgotten Alchemy and the Polar Night Liberator”. We sincerely appreciate all of your love and support for the game. It is with a heavy heart that we announce that the global version of “Atelier Resleriana: Forgotten Alchemy and the Polar Night Liberator” will stop all in-game purchases on January 27th, 2025, and cease all operations on March 28th, 2025.
Leading up to the end of service, we have some events lined up for you to enjoy until the very end. We would like to extend our sincere gratitude to every one of you for being a part of our game, and we are truly sorry for this abrupt notice. Once again, thank you for playing Atelier Resleriana.
Although this marks the end of a chapter, we are nonetheless still committed to creating and developing games with and for our players, and we hope to see you again in future “Atelier” works.

 

[Lelouch0612]

Just like Sega, only disclosing series sales figures is not very helpful...

KT is usually pretty generous when it comes to sales update but they didn't have very interesting over the past quarters.

DW:O will probably there at the next report.

 

[Vena]

Speaking of Atelier Resleriana, the f2p game is shutting down the "global version". The japanese version will still be online.

As discussed in the Mobile thread, this is a bit of a "huh wow" since this barely lasted a year. But I can see why this game has failed generally which is funny because Atelier has a lot of elements to gacha-fy but KT really failed at that emphasis and just ended up making a pretty decent but generic turn-based gacha game.

 

[Lite_Agent]

Rise of the Ronin coming to Steam (not sure if this was previously known):



Out on March 11th.

 

[fiendcode]

Selfpublished by Koei is interesting given SIE owns the IP this time.

 

[Frost Ace]

Downloads for the DWO demo were reported at 1 million on December 6th, so they racked up another 300k downloads in under 3 weeks. Their work on the PC version definitely paid off: it's currently #13 in global top sellers on Steam a week and a half after release, largely from Asia.

Crossing my fingers it surpasses expectations for Koei. Origins has been a huge shot in the arm to the reception of DW and is begging for a sequel to go all out now that they've gotten the foundation down.

 

[Jaum]

Selfpublished by Koei is interesting given SIE owns the IP this time.

SIE doesn't own the IP. Same deal as Nioh.

 

[Bodokoh]

Still no Rise of the Ronin sales number from KT

 

[Danny]

Those sales numbers for Koei Tecmo franchises show that for them to take the next step they need to create a franchise that has the potential to be a mega selling franchise, as of now Koei's biggest franchise is smaller than a franchise like Fire Emblem, which doesn't match that well with Koei's very high publishing ambitions.

 

[ggx2ac]

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

No geographical data for this quarter.

Consolidated Earnings:

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| KOEI TECMO HOLDINGS CO., LTD. | FY3/2025  |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Consolidated Operating Results            |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of December 31st, 2024 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                  |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥17,607M |    -3.77% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |     ¥17,590M |    -17.9% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |     ¥17,373M |   -18.87% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |     ¥35,197M |   -11.39% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |     ¥52,570M |   -14.01% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|FY3/2025 Forecast|     ¥90,000M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income           |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥5,723M |   -23.75% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |      ¥4,928M |   -22.38% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |      ¥4,424M |   -31.53% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |     ¥10,651M |   -23.13% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |     ¥15,075M |    -25.8% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|FY3/2025 Forecast|     ¥30,000M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |        32.5% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |       28.02% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |       25.46% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |       30.26% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |       28.68% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|FY3/2025 Forecast|       33.33% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Income                 |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥13,638M |   +29.25% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |      ¥2,337M |   -62.57% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |      ¥9,186M |   +22.68% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |     ¥15,975M |    -4.88% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |     ¥25,161M |    +3.62% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|FY3/2025 Forecast|     ¥30,000M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

Sales Per Software Unit:

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| KOEI TECMO HOLDINGS CO., LTD. | FY3/2025 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Information - Software Sales     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of December 31st, 2024 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Console Package & DL                             |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|             |             |          | Sales Per |
|             |             | Software |  Software |
|             |       Sales |    Units |      Unit |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥6,071M |    1.37M |    ¥4,431 |
|        YoY% |     +10.44% |   -7.43% |   +19.31% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |     ¥5,540M |    1.29M |    ¥4,295 |
|        YoY% |     -30.78% |  -34.52% |    +5.74% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |     ¥6,893M |    1.68M |    ¥4,103 |
|        YoY% |     +37.23% |    +3.7% |   +32.31% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |    ¥11,611M |    2.66M |    ¥4,365 |
|        YoY% |     -13.99% |   -22.9% |   +11.55% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |    ¥18,504M |    4.34M |    ¥4,264 |
|        YoY% |       -0.1% |   -14.4% |   +16.73% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 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  |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

Segment Information:

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| KOEI TECMO HOLDINGS CO., LTD. | FY3/2025  |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Information                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of December 31st, 2024 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Entertainment              |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥16,581M |    -3.13% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |     ¥16,180M |   -19.47% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |     ¥16,033M |   -20.56% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |     ¥32,761M |   -11.96% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |     ¥48,794M |   -14.98% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Entertainment              |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥5,701M |   -22.21% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |      ¥4,670M |   -26.14% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |      ¥4,496M |   -30.02% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |     ¥10,371M |   -24.03% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |     ¥14,867M |   -25.95% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Entertainment              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |       34.38% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |       28.86% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |       28.04% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |       31.66% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |       30.47% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Amusement                  |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |        ¥757M |   -16.54% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |      ¥1,326M |   +26.89% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |      ¥1,020M |    +6.47% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |      ¥2,083M |    +6.71% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |      ¥3,103M |    +6.63% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Amusement                  |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |         ¥15M |   -92.61% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |        ¥237M |      +58% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |        ¥125M |     -5.3% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |        ¥252M |   -28.61% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |        ¥377M |   -22.27% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Amusement                  |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |        1.98% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |       17.87% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |       12.25% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |        12.1% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |       12.15% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Real Estate                |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |        ¥280M |    -6.98% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |        ¥320M |    +5.96% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |        ¥338M |   +13.04% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |        ¥600M |     -0.5% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |        ¥938M |    +3.99% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Real Estate                |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |         ¥65M |  +109.68% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |         ¥80M |   +21.21% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |         ¥83M |    +1560% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |        ¥145M |   +49.48% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |        ¥228M |  +123.53% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Real Estate                |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |       23.21% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |          25% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |       24.56% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |       24.17% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |       24.31% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Others                     |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |         ¥78M |     -2.5% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |         ¥75M |   -20.21% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |         ¥74M |    +7.25% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |        ¥153M |   -12.07% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |        ¥227M |    -6.58% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Others                     |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |        ¥-58M |    -1.75% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |        ¥-60M |   +68.59% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |       ¥-279M |  -176.24% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |       ¥-118M |   +52.42% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |       ¥-397M |   -13.75% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Others                     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      -74.36% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |         -80% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |     -377.03% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |      -77.12% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |     -174.89% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Corporate & Elimination    |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |        ¥-90M |   +17.43% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |       ¥-312M |  -188.89% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |        ¥-92M |    +3.16% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |       ¥-402M |   -85.25% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |       ¥-494M |   -58.33% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Corporate & Elimination    |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Corporate & Elimination    |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Total                      |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥17,607M |    -3.77% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |     ¥17,590M |    -17.9% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |     ¥17,373M |   -18.87% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |     ¥35,197M |   -11.39% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |     ¥52,570M |   -14.01% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Total                      |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥5,723M |   -23.75% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |      ¥4,928M |   -22.38% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |      ¥4,424M |   -31.53% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |     ¥10,651M |   -23.13% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |     ¥15,075M |    -25.8% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Total                      |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |        32.5% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |       28.02% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |       25.46% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |       30.26% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |       28.68% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Japan                      |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥9,904M |    -6.88% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |     ¥10,888M |   -15.04% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |          ¥0M |     -100% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |     ¥20,792M |   -11.34% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |     ¥20,792M |   -44.34% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Japan                      |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Japan                      |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| North America              |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥1,899M |    +5.32% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |      ¥2,356M |   +23.22% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |          ¥0M |     -100% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |      ¥4,255M |   +14.54% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |      ¥4,255M |   -17.73% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| North America              |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| North America              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Europe                     |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥1,087M |  +101.67% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |        ¥316M |   -59.75% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |          ¥0M |     -100% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |      ¥1,403M |    +5.97% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |      ¥1,403M |   -27.49% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Europe                     |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Europe                     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Asia                       |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |      ¥4,717M |   -11.32% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |      ¥4,030M |   -31.85% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |          ¥0M |     -100% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |      ¥8,747M |   -22.12% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |      ¥8,747M |   -47.53% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Asia                       |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Asia                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Global                     |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Quarter |     ¥17,607M |    -3.77% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 2nd Quarter |     ¥17,590M |    -17.9% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 3rd Quarter |          ¥0M |     -100% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st Half    |     ¥35,197M |   -11.39% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 1st 3/4     |     ¥35,197M |   -42.43% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                       |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Global                     |      YoY% |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Margin           |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Global                     |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
###

SPECIAL PAGE DATA

Consolidated Earnings 3rd Quarters:

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| KOEI TECMO HOLDINGS CO., LTD. |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Consolidated Operating Results  |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of December 31st, 2024 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 3rd Quarter |     ¥6,637M |
| FY3/2011 3rd Quarter |     ¥8,405M |
| FY3/2012 3rd Quarter |     ¥7,225M |
| FY3/2013 3rd Quarter |     ¥8,482M |
| FY3/2014 3rd Quarter |    ¥10,119M |
| FY3/2015 3rd Quarter |     ¥7,965M |
| FY3/2016 3rd Quarter |     ¥7,383M |
| FY3/2017 3rd Quarter |     ¥7,623M |
| FY3/2018 3rd Quarter |     ¥9,114M |
| FY3/2019 3rd Quarter |     ¥9,399M |
| FY3/2020 3rd Quarter |    ¥10,112M |
| FY3/2021 3rd Quarter |    ¥20,808M |
| FY3/2022 3rd Quarter |    ¥18,107M |
| FY3/2023 3rd Quarter |    ¥14,677M |
| FY3/2024 3rd Quarter |    ¥21,414M |
| FY3/2025 3rd Quarter |    ¥17,373M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             16 |
| Sum               |      ¥184,843M |
| Average           |       ¥11,553M |
| Median            |        ¥9,257M |
| Minimum           |        ¥6,637M |
| Maximum           |       ¥21,414M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 3rd Quarter |    ¥-1,201M |
| FY3/2011 3rd Quarter |       ¥721M |
| FY3/2012 3rd Quarter |     ¥1,091M |
| FY3/2013 3rd Quarter |     ¥1,597M |
| FY3/2014 3rd Quarter |     ¥1,930M |
| FY3/2015 3rd Quarter |     ¥1,565M |
| FY3/2016 3rd Quarter |     ¥1,460M |
| FY3/2017 3rd Quarter |       ¥751M |
| FY3/2018 3rd Quarter |     ¥2,838M |
| FY3/2019 3rd Quarter |     ¥2,417M |
| FY3/2020 3rd Quarter |     ¥2,990M |
| FY3/2021 3rd Quarter |    ¥10,920M |
| FY3/2022 3rd Quarter |    ¥10,704M |
| FY3/2023 3rd Quarter |     ¥4,673M |
| FY3/2024 3rd Quarter |     ¥6,461M |
| FY3/2025 3rd Quarter |     ¥4,424M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             16 |
| Sum               |       ¥53,341M |
| Average           |        ¥3,334M |
| Median            |        ¥2,174M |
| Minimum           |       ¥-1,201M |
| Maximum           |       ¥10,920M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Income                         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 3rd Quarter |      ¥-544M |
| FY3/2011 3rd Quarter |       ¥480M |
| FY3/2012 3rd Quarter |       ¥254M |
| FY3/2013 3rd Quarter |     ¥2,058M |
| FY3/2014 3rd Quarter |     ¥2,601M |
| FY3/2015 3rd Quarter |     ¥2,327M |
| FY3/2016 3rd Quarter |     ¥2,769M |
| FY3/2017 3rd Quarter |     ¥2,201M |
| FY3/2018 3rd Quarter |     ¥3,227M |
| FY3/2019 3rd Quarter |     ¥2,176M |
| FY3/2020 3rd Quarter |     ¥3,787M |
| FY3/2021 3rd Quarter |    ¥10,357M |
| FY3/2022 3rd Quarter |    ¥10,151M |
| FY3/2023 3rd Quarter |      ¥-171M |
| FY3/2024 3rd Quarter |     ¥7,488M |
| FY3/2025 3rd Quarter |     ¥9,186M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             16 |
| Sum               |       ¥58,347M |
| Average           |        ¥3,647M |
| Median            |        ¥2,464M |
| Minimum           |         ¥-544M |
| Maximum           |       ¥10,357M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+

Sales Per Software Unit 3rd Quarters:

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| KOEI TECMO HOLDINGS CO., LTD.         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Information - Software Sales  |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of December 31st, 2024 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Console Package & DL                                      |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
|                      |             |          | Sales Per |
|                      |             | Software |  Software |
|                      |       Sales |    Units |      Unit |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2020 3rd Quarter |     ¥4,552M |    1.56M |    ¥2,918 |
| FY3/2021 3rd Quarter |    ¥11,952M |    5.11M |    ¥2,339 |
| FY3/2022 3rd Quarter |     ¥7,412M |    2.05M |    ¥3,616 |
| FY3/2023 3rd Quarter |     ¥4,735M |     1.3M |    ¥3,642 |
| FY3/2024 3rd Quarter |     ¥5,023M |    1.62M |    ¥3,101 |
| FY3/2025 3rd Quarter |     ¥6,893M |    1.68M |    ¥4,103 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count                |           6 |        6 |         6 |
| Sum                  |    ¥40,567M |   13.32M |   ¥19,719 |
| Average              |     ¥6,761M |    2.22M |    ¥3,287 |
| Median               |     ¥5,958M |    1.65M |    ¥3,359 |
| Minimum              |     ¥4,552M |     1.3M |    ¥2,339 |
| Maximum              |    ¥11,952M |    5.11M |    ¥4,103 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| 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              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+

Segment Information 3rd Quarters:

+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| KOEI TECMO HOLDINGS CO., LTD.         |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Segment Information                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Data as of December 31st, 2024 |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Entertainment                      |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 3rd Quarter |     ¥5,655M |
| FY3/2011 3rd Quarter |     ¥7,474M |
| FY3/2012 3rd Quarter |     ¥6,662M |
| FY3/2013 3rd Quarter |     ¥7,747M |
| FY3/2014 3rd Quarter |     ¥9,285M |
| FY3/2015 3rd Quarter |     ¥7,211M |
| FY3/2016 3rd Quarter |     ¥6,700M |
| FY3/2017 3rd Quarter |     ¥6,482M |
| FY3/2018 3rd Quarter |     ¥7,854M |
| FY3/2019 3rd Quarter |     ¥8,253M |
| FY3/2020 3rd Quarter |     ¥9,252M |
| FY3/2021 3rd Quarter |    ¥19,782M |
| FY3/2022 3rd Quarter |    ¥17,112M |
| FY3/2023 3rd Quarter |    ¥13,515M |
| FY3/2024 3rd Quarter |    ¥20,183M |
| FY3/2025 3rd Quarter |    ¥16,033M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             16 |
| Sum               |      ¥169,200M |
| Average           |       ¥10,575M |
| Median            |        ¥8,054M |
| Minimum           |        ¥5,655M |
| Maximum           |       ¥20,183M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Entertainment                      |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 3rd Quarter |    ¥-1,228M |
| FY3/2011 3rd Quarter |       ¥638M |
| FY3/2012 3rd Quarter |     ¥1,266M |
| FY3/2013 3rd Quarter |     ¥1,806M |
| FY3/2014 3rd Quarter |     ¥1,997M |
| FY3/2015 3rd Quarter |     ¥1,512M |
| FY3/2016 3rd Quarter |     ¥1,460M |
| FY3/2017 3rd Quarter |       ¥405M |
| FY3/2018 3rd Quarter |     ¥2,271M |
| FY3/2019 3rd Quarter |     ¥2,114M |
| FY3/2020 3rd Quarter |     ¥2,776M |
| FY3/2021 3rd Quarter |    ¥10,751M |
| FY3/2022 3rd Quarter |    ¥10,468M |
| FY3/2023 3rd Quarter |     ¥4,462M |
| FY3/2024 3rd Quarter |     ¥6,425M |
| FY3/2025 3rd Quarter |     ¥4,496M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             16 |
| Sum               |       ¥51,619M |
| Average           |        ¥3,226M |
| Median            |        ¥2,056M |
| Minimum           |       ¥-1,228M |
| Maximum           |       ¥10,751M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Amusement                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 3rd Quarter |       ¥993M |
| FY3/2011 3rd Quarter |       ¥993M |
| FY3/2012 3rd Quarter |       ¥583M |
| FY3/2013 3rd Quarter |       ¥849M |
| FY3/2014 3rd Quarter |       ¥864M |
| FY3/2015 3rd Quarter |       ¥672M |
| FY3/2016 3rd Quarter |       ¥518M |
| FY3/2017 3rd Quarter |       ¥868M |
| FY3/2018 3rd Quarter |       ¥759M |
| FY3/2019 3rd Quarter |       ¥924M |
| FY3/2020 3rd Quarter |       ¥685M |
| FY3/2021 3rd Quarter |       ¥881M |
| FY3/2022 3rd Quarter |       ¥534M |
| FY3/2023 3rd Quarter |       ¥794M |
| FY3/2024 3rd Quarter |       ¥958M |
| FY3/2025 3rd Quarter |     ¥1,020M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             16 |
| Sum               |       ¥12,895M |
| Average           |          ¥806M |
| Median            |          ¥857M |
| Minimum           |          ¥518M |
| Maximum           |        ¥1,020M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Amusement                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 3rd Quarter |        ¥15M |
| FY3/2011 3rd Quarter |       ¥333M |
| FY3/2012 3rd Quarter |        ¥36M |
| FY3/2013 3rd Quarter |        ¥84M |
| FY3/2014 3rd Quarter |       ¥225M |
| FY3/2015 3rd Quarter |        ¥75M |
| FY3/2016 3rd Quarter |        ¥76M |
| FY3/2017 3rd Quarter |       ¥209M |
| FY3/2018 3rd Quarter |         ¥5M |
| FY3/2019 3rd Quarter |       ¥216M |
| FY3/2020 3rd Quarter |       ¥145M |
| FY3/2021 3rd Quarter |       ¥152M |
| FY3/2022 3rd Quarter |       ¥-28M |
| FY3/2023 3rd Quarter |       ¥160M |
| FY3/2024 3rd Quarter |       ¥132M |
| FY3/2025 3rd Quarter |       ¥125M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             16 |
| Sum               |        ¥1,960M |
| Average           |          ¥123M |
| Median            |          ¥129M |
| Minimum           |          ¥-28M |
| Maximum           |          ¥333M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Real Estate                        |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2015 3rd Quarter |       ¥196M |
| FY3/2016 3rd Quarter |       ¥212M |
| FY3/2017 3rd Quarter |       ¥195M |
| FY3/2018 3rd Quarter |       ¥197M |
| FY3/2019 3rd Quarter |       ¥189M |
| FY3/2020 3rd Quarter |       ¥187M |
| FY3/2021 3rd Quarter |       ¥219M |
| FY3/2022 3rd Quarter |       ¥275M |
| FY3/2023 3rd Quarter |       ¥335M |
| FY3/2024 3rd Quarter |       ¥299M |
| FY3/2025 3rd Quarter |       ¥338M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             11 |
| Sum               |        ¥2,642M |
| Average           |          ¥240M |
| Median            |          ¥212M |
| Minimum           |          ¥187M |
| Maximum           |          ¥338M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Real Estate                        |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2015 3rd Quarter |        ¥76M |
| FY3/2016 3rd Quarter |        ¥84M |
| FY3/2017 3rd Quarter |        ¥83M |
| FY3/2018 3rd Quarter |       ¥100M |
| FY3/2019 3rd Quarter |        ¥66M |
| FY3/2020 3rd Quarter |        ¥71M |
| FY3/2021 3rd Quarter |        ¥10M |
| FY3/2022 3rd Quarter |        ¥54M |
| FY3/2023 3rd Quarter |        ¥49M |
| FY3/2024 3rd Quarter |         ¥5M |
| FY3/2025 3rd Quarter |        ¥83M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             11 |
| Sum               |          ¥681M |
| Average           |           ¥62M |
| Median            |           ¥71M |
| Minimum           |            ¥5M |
| Maximum           |          ¥100M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Others                             |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 3rd Quarter |        ¥31M |
| FY3/2011 3rd Quarter |        ¥38M |
| FY3/2012 3rd Quarter |        ¥58M |
| FY3/2013 3rd Quarter |        ¥55M |
| FY3/2014 3rd Quarter |       ¥123M |
| FY3/2015 3rd Quarter |        ¥27M |
| FY3/2016 3rd Quarter |        ¥31M |
| FY3/2017 3rd Quarter |       ¥195M |
| FY3/2018 3rd Quarter |       ¥470M |
| FY3/2019 3rd Quarter |        ¥69M |
| FY3/2020 3rd Quarter |        ¥13M |
| FY3/2021 3rd Quarter |        ¥58M |
| FY3/2022 3rd Quarter |       ¥269M |
| FY3/2023 3rd Quarter |       ¥124M |
| FY3/2024 3rd Quarter |        ¥69M |
| FY3/2025 3rd Quarter |        ¥74M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             16 |
| Sum               |        ¥1,704M |
| Average           |          ¥107M |
| Median            |           ¥64M |
| Minimum           |           ¥13M |
| Maximum           |          ¥470M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Others                             |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 3rd Quarter |        ¥11M |
| FY3/2011 3rd Quarter |         ¥4M |
| FY3/2012 3rd Quarter |         ¥5M |
| FY3/2013 3rd Quarter |        ¥11M |
| FY3/2014 3rd Quarter |         ¥7M |
| FY3/2015 3rd Quarter |         ¥3M |
| FY3/2016 3rd Quarter |         ¥8M |
| FY3/2017 3rd Quarter |       ¥169M |
| FY3/2018 3rd Quarter |       ¥460M |
| FY3/2019 3rd Quarter |        ¥20M |
| FY3/2020 3rd Quarter |        ¥-2M |
| FY3/2021 3rd Quarter |         ¥7M |
| FY3/2022 3rd Quarter |       ¥209M |
| FY3/2023 3rd Quarter |         ¥3M |
| FY3/2024 3rd Quarter |      ¥-101M |
| FY3/2025 3rd Quarter |      ¥-279M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             16 |
| Sum               |          ¥535M |
| Average           |           ¥33M |
| Median            |            ¥7M |
| Minimum           |         ¥-279M |
| Maximum           |          ¥460M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Corporate & Elimination            |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 3rd Quarter |       ¥-41M |
| FY3/2011 3rd Quarter |       ¥-99M |
| FY3/2012 3rd Quarter |      ¥-406M |
| FY3/2013 3rd Quarter |      ¥-171M |
| FY3/2014 3rd Quarter |      ¥-153M |
| FY3/2015 3rd Quarter |      ¥-139M |
| FY3/2016 3rd Quarter |       ¥-78M |
| FY3/2017 3rd Quarter |      ¥-117M |
| FY3/2018 3rd Quarter |      ¥-165M |
| FY3/2019 3rd Quarter |       ¥-36M |
| FY3/2020 3rd Quarter |       ¥-24M |
| FY3/2021 3rd Quarter |      ¥-132M |
| FY3/2022 3rd Quarter |       ¥-83M |
| FY3/2023 3rd Quarter |       ¥-91M |
| FY3/2024 3rd Quarter |       ¥-95M |
| FY3/2025 3rd Quarter |       ¥-92M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             16 |
| Sum               |       ¥-1,922M |
| Average           |         ¥-120M |
| Median            |          ¥-97M |
| Minimum           |         ¥-406M |
| Maximum           |          ¥-24M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Corporate & Elimination            |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Total                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 3rd Quarter |     ¥6,637M |
| FY3/2011 3rd Quarter |     ¥8,405M |
| FY3/2012 3rd Quarter |     ¥7,225M |
| FY3/2013 3rd Quarter |     ¥8,482M |
| FY3/2014 3rd Quarter |    ¥10,119M |
| FY3/2015 3rd Quarter |     ¥7,965M |
| FY3/2016 3rd Quarter |     ¥7,383M |
| FY3/2017 3rd Quarter |     ¥7,623M |
| FY3/2018 3rd Quarter |     ¥9,114M |
| FY3/2019 3rd Quarter |     ¥9,614M |
| FY3/2020 3rd Quarter |    ¥10,112M |
| FY3/2021 3rd Quarter |    ¥20,808M |
| FY3/2022 3rd Quarter |    ¥18,107M |
| FY3/2023 3rd Quarter |    ¥14,677M |
| FY3/2024 3rd Quarter |    ¥21,414M |
| FY3/2025 3rd Quarter |    ¥17,373M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             16 |
| Sum               |      ¥185,058M |
| Average           |       ¥11,566M |
| Median            |        ¥9,364M |
| Minimum           |        ¥6,637M |
| Maximum           |       ¥21,414M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Total                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2010 3rd Quarter |    ¥-1,201M |
| FY3/2011 3rd Quarter |       ¥721M |
| FY3/2012 3rd Quarter |     ¥1,091M |
| FY3/2013 3rd Quarter |     ¥1,597M |
| FY3/2014 3rd Quarter |     ¥1,930M |
| FY3/2015 3rd Quarter |     ¥1,565M |
| FY3/2016 3rd Quarter |     ¥1,460M |
| FY3/2017 3rd Quarter |       ¥751M |
| FY3/2018 3rd Quarter |     ¥2,838M |
| FY3/2019 3rd Quarter |     ¥2,417M |
| FY3/2020 3rd Quarter |     ¥2,990M |
| FY3/2021 3rd Quarter |    ¥10,920M |
| FY3/2022 3rd Quarter |    ¥10,704M |
| FY3/2023 3rd Quarter |     ¥4,673M |
| FY3/2024 3rd Quarter |     ¥6,461M |
| FY3/2025 3rd Quarter |     ¥4,424M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |             16 |
| Sum               |       ¥53,341M |
| Average           |        ¥3,334M |
| Median            |        ¥2,174M |
| Minimum           |       ¥-1,201M |
| Maximum           |       ¥10,920M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Japan                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2019 3rd Quarter |     ¥6,532M |
| FY3/2020 3rd Quarter |     ¥5,382M |
| FY3/2021 3rd Quarter |    ¥10,363M |
| FY3/2022 3rd Quarter |     ¥8,819M |
| FY3/2023 3rd Quarter |     ¥7,890M |
| FY3/2024 3rd Quarter |    ¥13,906M |
| FY3/2025 3rd Quarter |         ¥0M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |              7 |
| Sum               |       ¥52,892M |
| Average           |        ¥7,556M |
| Median            |        ¥7,890M |
| Minimum           |            ¥0M |
| Maximum           |       ¥13,906M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Japan                              |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| North America                      |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2019 3rd Quarter |       ¥526M |
| FY3/2020 3rd Quarter |     ¥1,383M |
| FY3/2021 3rd Quarter |     ¥3,944M |
| FY3/2022 3rd Quarter |     ¥2,174M |
| FY3/2023 3rd Quarter |     ¥1,087M |
| FY3/2024 3rd Quarter |     ¥1,457M |
| FY3/2025 3rd Quarter |         ¥0M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |              7 |
| Sum               |       ¥10,571M |
| Average           |        ¥1,510M |
| Median            |        ¥1,383M |
| Minimum           |            ¥0M |
| Maximum           |        ¥3,944M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| North America                      |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Europe                             |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2019 3rd Quarter |       ¥288M |
| FY3/2020 3rd Quarter |       ¥414M |
| FY3/2021 3rd Quarter |     ¥1,816M |
| FY3/2022 3rd Quarter |       ¥666M |
| FY3/2023 3rd Quarter |       ¥468M |
| FY3/2024 3rd Quarter |       ¥611M |
| FY3/2025 3rd Quarter |         ¥0M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |              7 |
| Sum               |        ¥4,263M |
| Average           |          ¥609M |
| Median            |          ¥468M |
| Minimum           |            ¥0M |
| Maximum           |        ¥1,816M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Europe                             |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Asia                               |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2019 3rd Quarter |     ¥2,052M |
| FY3/2020 3rd Quarter |     ¥2,089M |
| FY3/2021 3rd Quarter |     ¥4,685M |
| FY3/2022 3rd Quarter |     ¥6,448M |
| FY3/2023 3rd Quarter |     ¥5,232M |
| FY3/2024 3rd Quarter |     ¥5,440M |
| FY3/2025 3rd Quarter |         ¥0M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |              7 |
| Sum               |       ¥25,946M |
| Average           |        ¥3,707M |
| Median            |        ¥4,685M |
| Minimum           |            ¥0M |
| Maximum           |        ¥6,448M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Asia                               |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Net Sales                          |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Global                             |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| FY3/2019 3rd Quarter |     ¥9,399M |
| FY3/2020 3rd Quarter |     ¥9,269M |
| FY3/2021 3rd Quarter |    ¥20,808M |
| FY3/2022 3rd Quarter |    ¥18,107M |
| FY3/2023 3rd Quarter |    ¥14,677M |
| FY3/2024 3rd Quarter |    ¥21,414M |
| FY3/2025 3rd Quarter |         ¥0M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Count             |              7 |
| Sum               |       ¥93,674M |
| Average           |       ¥13,382M |
| Median            |       ¥14,677M |
| Minimum           |            ¥0M |
| Maximum           |       ¥21,414M |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Operating Income                   |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+
| Global                             |
+−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−+

 

[Chris1964]

Koei basically hinted at underwhelming sales for Dynasty Warriors: Origins outside Steam.

 

[Lelouch0612]

Koei basically hinted at underwhelming sales for Dynasty Warriors: Origins outside Steam.

We just got Spanish numbers and while it is a small market, numbers are very low there.

 

[Astral_lion02]

We just got Spanish numbers and while it is a small market, numbers are very low there.

 

[Lelouch0612]

*** Hidden text: cannot be quoted. ***

Who was the publisher in Europe?

 

[Astral_lion02]

Who was the publisher in Europe?

Publisher: Koei Tecmo Europe
Distributor: Plaion

 

[fiendcode]

Did Koei Tecmo acquire the ROTR IP from Sony? The game's Steam page only gives them copyrights, no SIE?

 

[Jaum]

Did Koei Tecmo acquire the ROTR IP from Sony? The game's Steam page only gives them copyrights, no SIE?

Again, SIE never owned the IP. You can clearly see in the PS5 pre-order trailer that:

 

[Lite_Agent]

Looks like Musou really struggles to sell outside Asia when it's not tied to another IP like Zelda or even One Piece, regardless of game quality (at least in recent years).

Do we have historical data for the series (globally)?

 

[fiendcode]

I wonder if Samurai Warriors will follow the trend with an Origins style release too? Although they'll have to target Japan first with that probably, so console selection will be more important.

 

[Luke88]

I wonder whether Ninja Gaiden 4 is one of the two AAA projects expected in the next 3 years.

I thought the same, especially with the emphasis on collaborating with external developers to get work done on their IPs, I think it's one of those two, from what I've heard NG4 had a really long development cycle, people claim it's been in development between 5 and 7 years. This is following Rise of the Ronin which also had an unconventionally long dev cycle.

 

[MrJohnDoe]

The version with notes is up: https://www.koeitecmo.co.jp/e/ir/docs/ir3_20250129_e.pdf

A few points:

• The DWO demo has surpassed 2 million downloads
• Reiterating that the game is targeting 1 million sales within the rest of the fiscal year. They will disclose sales figures in their full-year results.
• The 320k units sold between ROTK 8 Remake and Fairy Tail 2 was below expectations.
  

 

[Daveyboy]

Making/releasing a Fairy Tail game in 2024 is quite a choice.

 

[Oregano]

https://www.koeitecmo.co.jp/e/news/docs/ir6_20250210_EN.pdf

They've just announced some restructuring. Two most important points:

Their financial stuff is going to be a separate entity ran by Keiko Erikawa

Hisashi Koinuma is now the president of Koei Tecmo games

Making/releasing a Fairy Tail game in 2024 is quite a choice.

It came out whilst the anime adaptation of the Hundred Year Quest was airing

 

[Joseki]

1．Changes in the Structure of Our Group
Our group aims to become the "World's No.1 Digital Entertainment Company" under the spirit of "Creativity and Contribution."

Hell yeah KT, shoot for the moon and if you miss you will still be among the stars.

 

[fiendcode]

Separating the investment arm of the company somewhat makes sense given The Empress shat the bed there last year and nearly halved their own stock value.