Koei Tecmo sales jump 7.8% in 2022 to hit $589m

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Games firm Koei Tecmo saw its net sales reach $588.5 million throughout the fiscal year of 2022.

Here's what you need to know for the financial earnings from April 1, 2022, to March 31, 2023:

The Numbers

• Net sales: $588.5 million (¥78.4 billion), up 7.8% year-on-year
• Net profit: $231 million (¥30.9 billion), down 12.5% year-on-year
• Entertainment division sales: $554 million (¥74 billion), up 7.4% year-on-year

Koei Tecmo's Entertainment division is broken down into console, online/mobile, and events and goods sub-segments:

• Console: $282 million (¥37.5 billion), up 15.7% year-over-year
• Online/Mobile: $265 million (¥35.3 billion), down 0.5% year-over-year
• Events and Goods: $8.25 million (¥1.1 billion), up 22.2% year-over-year

The Highlights:

Koei Tecmo sold 9.64 million units globally throughout the fiscal year of 2022, up 18.6% year on year.

Throughout the year, the publisher released titles such as Atelier Ryza 3: Alchemist of the End & the Secret Key, and Fatal Frame: Mask of the Lunar Eclipse. Towards the tail end of the fiscal year, the games firm released Wild Hearts and Wo Long: Fallen Dynasty.

While Koei Tecmo didn't provide sales figures for both, executive vice president Hisashi Koinuma said they were priority titles for the firm's third medium-term management plan. The plan, covering the fiscal years of 2022 to 2024, outline projected sales and priority goals such as a new IP reaching five million copies sold.

In terms of overall game sales, Japan made up 49% of Koei Tecmo's game sales as it pulled in ¥38.4 billion ($288 million). Whereas overseas markets made up 51% with ¥40 billion ($300 million).

Looking ahead, the games firm said that for the fiscal year of 2023, revenue would hit ¥95 billion ($713 million), up 21% year over year.

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