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.

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Latest comments (2)

Jim Webb Executive Editor/Community Director, E-mpire Ltd. Co.9 years ago
Why single out that game when it wouldn't even cover but maybe 10% of that total loss?
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Christopher Bowen Owner, Gaming Bus 9 years ago
This is a LOT of Japanese companies taking massive hits. Tecmo Koei is taking a beating, Namco Bandai got it's arses kicked... this doesn't seem to be a good time to be a Japanese developer.
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