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Tecmo Koei CEO resigns following losses

Games division suffers $20m loss for six month period

Tecmo Koei CEO Kenji Matsubara is to resign from the company on November 30, following a poor six months for the Dynasty Warriors publisher.

He will be replaced by Yoichi Erikawa as president and CEO of Tecmo Koei Holdings and Tecmo Koei Games, according to a report by Andriasang.

For the six months ended September 30, sales were down 27.5 per cent to ¥11.06 billion ($136.9m / £85m), with an operating loss of ¥1.09 billion ($13.5m / £8.4m), an increase on the ¥349 million loss ($4.3m / £2.6m) for the same period last year.

Tecmo Koei's videogame division in particular suffered a loss of ¥1.62 billion ($20m / £12.4m) on the delayed release of Trinity Zill O'll Zero and investment on future titles.

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Matt Martin avatar
Matt Martin: Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.
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