Koei Tecmo's Financial Results Slow Down But Video Game Sales Remain Strong

Published: July 31, 2023 10:03 AM /


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Koei Tecmo has announced its financial results for the first quarter of the fiscal year, related to the period between April 1 and June 30. 

Net sales were 18,297 million yen (down 1.9% year-on-year) while operating income was 7,506 million yen (down 35.6% year-on-year).

Speaking of the Entertainment segment of the business, which includes games and takes the lion's share of Koei Tecmo's operations, Net sales were 17,117 million yen, while profit was 7,329 million yen. That's a drop of 688 million yen and 4,162 million yen respectively.

Despite the slowdown, which is natural following a period of records in a fiscal quarter with no major releases, Koei Tecmo mentions that sales of packaged games (for consoles and PC) were strong, focusing on titles released in the past fiscal years. On the other hand, mobile games set a quarterly revenue record. 

We get the confirmation that the Atelier Ryza sub-series has shipped over 2 million copies, while Wo-Long Fallen Dynasty has shipped one million copies in the quarter, reaching 3.8 million users including Game Pass

Speaking of regions, 58.1% of quarterly revenue was located in Japan, 29.1% in Asia, 9.9% in North America, and 2.9% in Europe, with Japan gaining 16.9% year-on-year and all the other regions dropping sharply. This is normal, considering the record mobile revenue related to games not available outside of Japan. 

Looking at the forecast for the full fiscal year, it did not change compared to what was announced before, with the company expecting 21% higher sales compared to the previous fiscal year and 4.2% lower operating profit. This is in line with high sales expectations for Fate/Samurai Remnant, which will release in September.

If you'd like to compare with historical data, you can check out the results for the previous quarter announced in April.


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More Info About This Game
Learn more about Wo Long: Fallen Dynasty
Koei Tecmo
Koei Tecmo
Release Date
March 3, 2023 (Calendar)
Action, RPG
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