Today Koei Tecmo announced its financial results for the fiscal year which ended in March 2023.
According to the press release, the whole company achieved 78,417 million yen in net sales ((up 7.8% year-on-year) and 39,133 million yen in operating income (up 13.3% year-on-year). This is defined as a record performance for Koei Tecmo on both metrics.
Both actual sales and operating income were higher than the forecast as new games performed as planned, while repeat sales of games released in previous years performed better than expected.
Speaking of the Entertainment Business, which includes video games, sales were 73,917 million yen and operating profit was 38,475 million yen, both up year-on-year.
We also get some sales data: Atelier Ryza 3: Alchemist of the End & the Secret Key shipped over 290,000 units in a little more than a week between its release on March 23 and the end of the fiscal year on March 31. This brings the total for the Ryza trilogy to 1.6 million copies.
On the other hand, Fatal Frame: Mask of The Lunar Eclipse shipped over 120,000 units. No specific sales data was provided for Wo Long: Fallen Dynasty and Wild Hearts.
The documents also reiterated the tenets of the medium-term management plan that will end in the fiscal year 2024. Koei Tecmo aims to reach 40 billion yen in annual business profit by 2024, and as you can see above, they're definitely close.
They also plan to release a new IP that will sell in the range of five million copies, over 2 million units in packaged game sales every year, over 2 billion yen in monthly net sales for mobile games, and possibly multiple mobile games achieving 1 billion yen in monthly net sales.
The developer also intends to further improve the global appeal of the Atelier, and Warriors series, and its historical games, on top of challenging growing genres like Battle Royale and location-based mobile games and nurturing its IPs.
More aims for the medium-term plan include expanding the global business, improving the quality of global games, solidifying Koei Tecmo's proprietary "Katana" engine, expanding in China with a base of operations in Shanghai, augmenting the strategy based on collaborations with other companies, and the establishment of an IP division.
While nothing about the plan is particularly new, it's interesting to see that Koei Tecmo is staying the course on it.
If you'd like to compare, you can check out the results for the first nine months of the fiscal year announced in January.
