Koei Tecmo Holdings seen turning record profit this fiscal year
Japanese game developer lining up new installments of popular franchises
TOKYO -- Video game developer Koei Tecmo Holdings is expected to log a 42% surge in group operating profit to just under 12 billion yen ($110 million) for the year ending March 2018, topping records for the first time in two years on strong new titles developed and sold with partners.
Sales will likely rise 14% to about 42 billion yen. Koei Tecmo is releasing "Fire Emblem Warriors" for Nintendo's new Switch console this fall. It is also planning new games under its popular "Nobunaga's Ambition" and "Dynasty Warriors" franchises.
Koei Tecmo on April 3 downgraded its forecast for the just-ended fiscal year to a 4% dip in sales to 36.7 billion yen and a 27% drop in operating profit to 8.1 billion yen. Development of smartphone and console games faced delays, pushing back title releases and raising costs relative to sales. Official results are due out April 27.