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.