Koei Tecmo Sees 7.8% Increase in Sales for 2022, Reaching $589 Million

Koei Tecmo reported a notable boost in net sales, reaching $588.5 million for the fiscal year 2022. Key financial highlights from April 1, 2022, to March 31, 2023, include: - Net sales of $588.5 million (¥78.4 billion), representing a 7.8% increase year-over-year - Net profit of $231 million (¥30.9 billion), marking a 12.5% decrease year-over-year - Entertainment division sales of $554 million (¥74 billion), up 7.4% year-over-year The Entertainment division is further divided into console, online/mobile, and events and goods segments: - Console sales: $282 million (¥37.5 billion), showing a 15.7% increase year-over-year - Online/Mobile sales: $265 million (¥35.3 billion), experiencing a 0.5% decline year-over-year - Events and Goods sales: $8.25 million (¥1.1 billion), with a 22.2% increase year-over-year Koei Tecmo sold 9.64 million units worldwide during the fiscal year 2022, a significant 18.6% increase from the previous year. Notable releases during the year included Atelier Ryza 3: Alchemist of the End & the Secret Key and Fatal Frame: Mask of the Lunar Eclipse, with Wild Hearts and Wo Long: Fallen Dynasty launching towards the end of the fiscal year. Although specific sales figures for the latter titles were not disclosed, executive vice president Hisashi Koinuma emphasized their priority status within the company's third medium-term management plan. This plan, covering fiscal years 2022-2024, outlines projected sales and key objectives, such as achieving five million copies sold for a new IP. In terms of regional game sales, Japan accounted for 49% of Koei Tecmo's sales, generating ¥38.4 billion ($288 million), while overseas markets comprised 51%, with ¥40 billion ($300 million). Looking ahead to the fiscal year 2023, the company forecasts revenue of ¥95 billion ($713 million), representing a 21% year-over-year increase.