Wednesday, July 6, 2022
HomeBusinessKoei Tecmo Holdings profit grows 40% YoY, Stock flat after earnings

Koei Tecmo Holdings profit grows 40% YoY, Stock flat after earnings

Koei Tecmo reported a 40.1% increase in operating profit compared to the same period the previous year, reaching ¥27.1 billion ($235 million).

Net sales were also on the rise, growing 25.9% to ¥55.3 billion ($480 million).

During that period, Koei Tecmo released eight titles, including the Ninja Gaiden collection in June 2021 and Samurai Warriors 5 in July.

The Stock was flat after earnings. It appears that the Koei Tecmo Shareholders expected the results and there were no surprises.

Koei Tecmo Holdings Stock flat after earnings

The performance is all the more impressive considering Hyrule Warriors: Age of Calamity delivered record results for the company in 2020, becoming the best-selling entry in the franchise.

Looking ahead, Koei Tecmo anticipates the full fiscal year to deliver ¥71 billion ($617 million) in net sales and ¥31.5 billion ($273 million) in operating profit, respectively a 17.6% and 29.1% increase year-on-year.

RELATED ARTICLES
- Advertisment -

Most Popular