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Koei Tecmo profit grows 40% to $235m in nine-month financials

Net sales also increased 25.9% year-on-year

For the nine months ended December 31, 2021, 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 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.

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Marie Dealessandri

Features Editor

Marie Dealessandri joined GamesIndustry.biz in 2019 to head its Academy section. A journalist since 2012, she started in games in 2016 at B2B magazine MCV. She can be found (rarely) tweeting @mariedeal, usually on a loop about Baldur’s Gate and the Dead Cells soundtrack.