Tecmo Koei Profits Soar in Holiday Quarter - NewsWilliam D'Angelo, posted on 04 February 2013 / 2,356 Views
Tecmo Koei has released its quarter report for its third quarter of fiscal year 2013, which ended December 31, 2012. Revenue for the quarter increased 6.5 percent to 22.21 billion Yen, from 20.86 billion Yen during the same quarter a year ago. Tecmo Koei profited 2.61 billion Yen, which is up a massive 291.7 percent when compared to a year ago.
Video game software accounted for the majority of the revenue, 14.69 billion Yen. This is also a 9.8 percent increase. Online and mobile sales accounted for 3.81 billion Yen of the total revenue, but sales are down 10.0 percent.
Tecmo Koei also released its forecast for the full fiscal year, which ends March 31, 2013. The company expects revenue of 39.00 billion Yen, which is up 9.8 percent year-on-year. Profits are expected to increase 7.7 percent to 5.00 billion Yen.