Tecmo Koei revenues fall 14%

Tecmo Koei has reported its full year financial results noting revenues that were down almost 14 per cent over the previous year - despite the two companies having merged last year.

In total the publisher reported revenues of ¥34.5 billion ($386 million), while net income was down 7 per cent to ¥2.6 billion ($29 million).

Sales of its major titles weren't strong, with big hope Ninja Gaiden Sigma 2 only selling less than half a million units, while the delay of other key games - as indicated in the company's Q3 results - also hit income.

However, profit was up somewhat on previous estimates of ¥2 billion ($22 million), which helped the company's share price to hold steady at ¥664 ($7.41) when the Tokyo Stock Exchanged closed today.