Tecmo Koei reports $20.3 million loss
Share price plummets as publisher delays key titles
Japanese publisher and developer Tecmo Koei has reported a loss of ¥1.84bn ($20.3m / €14.5m) for the three months ending December 31, 2009.
Although the official investor reports have not yet been translated into English, a Yahoo Finance article translated by website GameSpot suggests that lower than expected sales of Wii exclusive Samurai Warriors 3 in Japan were primary to blame for the poor results.
The company also lowered its full year profit estimates by 97 per cent, to ¥200m ($2.2m / €1.6m).
It has already confirmed the delay of key title Quantum Theory, amid rumours that Trinity: Souls of Zill O'll has also been seriously delayed.
As a result of the poor financial results the Dynasty Warriors and Ninja Gaiden publisher saw its share price fall by almost 10 per cent on the Japanese stock market.
Why single out that game when it wouldn't even cover but maybe 10% of that total loss?
Posted:3 years ago