Koei Tecmo Holdings Co., Ltd. · TSE:3635
Koei Tecmo — FY2021 Earnings Presentation
42 slides from Koei Tecmo's earnings presentation, Apr 26, 2021
Slide 1: 2021年3月期 決算説明資料
«D) 2021F3 AR RAS 2021474268 ww mrad I-L-FIEM-AILTYIA
Slide 2: Results summary
RAT (qT) WA is ORS eK | | iH (SAR) FY19 Sei FY20 i xt BARE Sm tant £8 He ntl oe es celia 42,645 100.0% 100.0%) 17725 41.6% EER Al at 14,102 33.1% 40.4% 10,295 73.0% iE 38 All ah 18,869 442%] 39,299 6.1%] 20.430 108.3% “WMAls 15 306 35.9% 48.9%) 14244 93.1% ROE 12.7% 20.6% | +7.9pt OX BASE | #0 LAB S
Slide 3: Title lineup (console)
EBS HL EXOR RG ne a . PlayStatione5 /PlayStatione4. PlayStation®4/Nintendo Switch™ Nintendo Switch™ a ola vt Nintendo Switch™ /Windows#(Steam=) ‘Windows#(Steam=) See ‘6 = — nn [F4 FOP HI2 TAILYH5 ADIVIIL LOR KORA = = _ [LTR BRORARER [£2 Complete Edition] ~ RpALERLMEORM~I F O7LkL 2S 7H—ZI 3/0BA/SHR R
Slide 4: Title lineup (mobile)
ERBATIHIL i0S/ Android i0S/ Android i0S/ Android [#AOILe i0S/Android i0S/Android f=Bs Fie) [s- =e! RE—34tbA—TFAbs] =—- PS BR) Ee =2hssl Ara | eats sR StaP aCe aes BIA EIA EIA $H/s4/8e
Slide 5: ET AVEAM
ET AVEAM LYATIyAYb V=a—AAVk FEE EM th BA-StH 2h
Slide 6: Results by segment
sHhsot BSE LS (KT) 3G BA (aA) FY19 xt AIS Sah iat 3h ete BIA 26,855 63.0% 2,564 9.5% pitas 15,790 37.0% 15,161 96.0% ALK 4099 9.6% 5,357 130.7% Ba 1,920 4.5% 2,503 130.4% For 9771 22.9% 7,301 74.7% RAR 42,645 100.0% 17,725 41.6% ARR: LY STAUAAET AA (a5) FY19 xt BIE Sih teat eh tee AIA 23,453 60.0%]
Slide 7: Segment results: Game business
hist BIER SEARR « SO YVoO— KR (KT) Ry Ly RAR BM) (ea) FY19 FY20 xt BIE AR aR AR Card AR pe BA 2,970 28.1% 2,110 20.9%) A 860 -29.0% eat 7,590 71.9% 8,000 79.1% 410 5.4% ALEK 3,410 32.3% 3,920 38.8% 510 15.0% Bay 2,150 20.4% 2,410 23.8% 260 12.1% Toy 2,030 19.2% 1,670 16.5%} A 860 -17.7% Sit 10,560 1
Slide 8: Results by platform and title
RA FYI9 WIT—D yO 13,516 DE 7,930 pLom 1,960 23,406 AYS4y |PCAvo1y SY 1,500 ENA AVA YL ® 12,800 zMt 500 14,800 ARUEFIR 900 LYSTIVAV ELA 39,106 Wy47— VR BT LORMD, OV UT AL, BE ioe L (LSE Be Lat). Heseae i YOKE: PSN/XbozLive /Switch DL/Steam$7—ALAKOF9YO—-KEBUE: 33 FOYO-PRAY TY FLARED YY -BREBUR PATA SU
Slide 9: Results by segment
EGRA-ARR CoH pices (BBA, A) FY19 eit Byes AB LRG 11,650 1,710 14.7% iin ee 3,060 420 13.7% 14,710 2,130 14.5% HiEMLA 50h 4,340 A 360 = --8.3% Be: he hres 1,000 1,970 197.0% RR ARM (A) 1,835 148 8.1% ORFBES EBS PR < )
Slide 10: FY2022 forecast
20223 AM HE
Slide 11: Forecast
at aR (KT) a (Sar) FY20 Si FY21 ati et BIE BE ra] face tH apaeg Bias) bp 3 eLE 60,370 100.0% 4630 7% ERA ae 24.397 404% 103 04% EHR 39,299 518 A 2,799 71% “ieAla 29550 489% A 3,050 -103% 20H MAR EL (SAR) FY20 2% FY21 sti BTA PR RRL Pit fib Br RK RhS 23,141 100.0%) 30,000 100.0% 6,859 29.6% BAR 8,447
Slide 12: Planned titles
EPAVbAI CGH) aR LYaT{yAVt F=a—APATkt RE EO th A St ce
Slide 13: Forecast by segment
Hhsat all Fob (at) (KT) 1B BA (BAR) FY20 FY 21 (at ial) x RI A i paed A fe SE | ew EIA 29,419 48.7% 9,081 30.9% bits 30,951 51.3% A 4,451 -14.4% Blas 9,456 15.7% A 2,756 -29.1% Bey 4,423 7.3% A 623 -14.1% ceed 17,072 28.3% A 1,072 -6.3% Bit 60,370 100.0% 4630 7.7% Ag: LY BTA VAE ET Ab (SAR) FY20 FY
Slide 14: Forecast: Game business
jth at Fl ARSE AR CET) «D RyT—DF— LRRD CF) FY20 AK fat BIA 2,110 20.9% Bay 8,000 79.1% bla 3,920 38.8% Bat 2410 23.8% face al 1,670 16.5% ait 10,110 100.0% AYIA ERAN: P IDR RO (#0) FY 20 xt BIE DL& eA DLE BES BIA 29,700 30.0%} 34,100 . 4,400 14.8% peta 69,300 70.0%] 79,300 69.9% 10,000 14.4% Bit 99,
Slide 15: Ba ee ee ee «?)
Ba ee ee ee «?) i HA (SF) FY18 FY19 FY20 iA RE 0 14,254 965 BIR SE 240 376 583 ach AN 738 765 1,626
Slide 16: he es a St
he es a St patton roe rede Mel
Slide 17: Game business
4—I—-F- FEOF («TD alia ¢ Bk ah LUMinie & alia LC. SIRT}
Slide 18: Basic policy
MERA St Co) 1. RBOIYTFLUVYORF lip LUALYTUVYSMCC. SBERICRBORREHRETS 2. RRC MGEORR QERRERELSH. BESHRE AT 3. HA OBILORME HMACULOMLICKY, HACMALBAHSRRE BS 4. MABAORR #BIok oTRICM OH LEORRICFY LUD LETS
Slide 19: Medium-term plan (FY2018-FY2020)
Ch ee Bt St (20184 HE ~ 20204F EE) (Cop Pie SHOW AeA Lo SRMeER coy 202055 8 af dae) 700 4 r 500 Bcts MERA OHARA 600 4 510 F 400 500 4 400 + ; 300 210 ae vn - 200 200 4 + 100 100 4 0 — 0
Slide 20: Medium-term plan (FY2021-FY2023)
ee at (2021 EE ~ 20234F EE) (Cop 2023 Ise RIO, SAMI ASHH PHS at Bl Sob 214 E ~ 2345 Aili Cs FA) (Fa) 1,000 900 700 900 800 800 700 600 . A 400 aa fs 400 500 és i 300 ba 400 FI Fi 300 “a # 300 # 260 200 ‘oo 100 0 = 0 FY18 FY19 FY20 FY21 FY22 FY23
Slide 21: Medium-term plan (FY2021-FY2023)
ee at (2021 EE ~ 20234F EE) (Cop Eth S1 NL CHE BRARO 424—-VB PHS st el BRARORS ( +) i ag stan IPERS BABIES HLT SEEHI+1 4400 BR A ABBE SAILS FY18 FY19 FY20 F¥21 PY22 FY23
Slide 22: Medium-term plan targets
Ch AE at (202 1 FE ~ 2023 FE) BRAe O23F EER A iR300A @500KARINy7—LD FP —L BFP) @BH200N AMI YTS —L @ARM20BAAY—hotU7—L @GHO ARINAAY—hoty7—L
Slide 23: Medium-term plan initiatives
rh RAGE StH (2021 4F BE ~ 202345) _(«) FREES Q500 KARAT NLOS TS. BH200HKRULORR @AR20%AAY—ho4L7—-LORE @xOARINBAAY—hoty>7—-—LOV—EARS OXkDATNLORBRM ICE =H Hie) @7HVIISLGIRMIOFA—/N)E OnRIPORKLRR ORES yUILA DPR
Slide 24: Medium-term plan: sustainability
oh ee at (2021 EE ~ 20234) (Cop FO—N)LVEVLD RADA O70—NLAaTbVEBORME @RKELRAOPEXK @HBEVLAZOMRA Dbl FEA lS OFS 4T SDGsRR~ ORVHA
Slide 25: RHE LaL (Co)
RHE LaL (Co) TH 5RNO.1@ mm Qs FUEL ATA VAAN
Slide 26: FY2021 shareholder returns
202145 KE BB ASt («TD FO—/ LIPO RISE LR BA
Slide 27: FY2021 dividends
2021 4F EE Bilt 2021 FESR THIET FOF FAIR RO RS ee LC BE @Pat ae NA IL20200F E CABS OSA MWR20200F EOE HH
Slide 28: Stock split and dividend
HEO HHI SABER («TD eS SI BRA IT SOA ee BE I50%. HOUSES EY Fa 50A ( Al IR TCORAT St > a BASOKE KQ UeE) 160 x1 Vv 300 140 4 Vv *«1:2018/10/1 oe eSB 1:1.2) 200 9¢2:2021/4/1 PRC all (1:1.3) 120 100 4 80 150 100 18 FY19 FY20 28
Slide 29: iE es HS
iE es HS PetSto-L—TFVER-ITF ALTA RRM ABS # fest Sto-L—-FIEV—-AR RRMA 42
Slide 30: Reference
WN454b (qT) FY20 347 SE(FY18~FY 20) ( ) OFEL IRR ERORTRINE) © BBAVCILA MEIC LUA REM Ny 9 © REARAHOLR/FO— CREME Fly PCEME LSM EXOT | [2747 —-ILILL MEE ALF (—___+) @ rams meLAtEE, © Sim RO AT—l74yP—LERO Mae teeny | ARSON RIe aR | © PR SEIRa OBA CP AHI OMATE IE) Sheer eyo. HERE © PRESP= Hid WeamloCerEE
Slide 31: Share price trend
AYIAL- ENA IA BOOULHMALEE (Cop) 4,000 3,000 2,000 1,000 1 0 17/09 17/12 18/03 18/06 18/09 18/12. 19/03 19/06 19/09 19/12 20/03 20/06 = 20/09 20/12 21/03
Slide 32: Download sales trends
AVIAY EIN NWABORLBEFVVO—FKFR «®) I—L—FIEPHIO—NLFYVO—FRULI,IOOADL, HI ISIE CHK 80% 7 60% 4 40% 4 20% 4 0% * BLE (BAF) 30,000 25,000 20,000 10% te (250) S eh Hee FOF R™* 9,90075DL F9VO—-KR (75DL) 12,000 10,000 8,000 6,000 4,000 *% FOvO-Kw D-L—-TFIEP LT CBE Oy— 2,000 eb AVANT AU Fs (MMORPGRRG) . SLUIP
Slide 33: Title lineup (console)
ERBSIbIL CNT —-DF—L) PlayStation:4/Nintendo Switch™ Nintendo Switch™ Windows*(Steam')/XBOX ONE [PFYVxILU—F JVETFSIAI [ERE FEM5 9021 465 A 20R 355 2021476 A240 50 Steam’ hi: 202148727 BBE
Slide 34: Title lineup (console)
ERBSIbIL CNT —-DF—L) PlayStation’5/PlayStation:4/ Nintendo Switch™/ : —— Xbox Series X/Steam® MZROS He] fH: =B)#wW8 Empires] 2021 FH 2021 5G KECALEA 34
Slide 35: Title lineup
FGSIbIL (Cop) % s Ve BLUE REFLECTTON RAY BLUE REFLECTION TIE BLUE REFLECTTON UN TN-VIVGvaviveg | Jw-yvsvavarviaa | TFur-VPUPYay' Hy | [BLUE REFLECTION RAY] [BLUE REFLECTION TIEJ [BLUE REFLECTION SUNJ MBS/TBS/BS-TBS"P=A( AA" HIS THE —PlayStation’4/Nintendo Switch™/Windows*(Steam') Site RIE dP=ARbY CH
Slide 36: Title lineup (mobile)
EBB (CAVITY ENNTIb) iOS/Android i0S/Android [R-=HRM Ss! [=H - RR Sa Ssh /p Sl SiSh/BA 36
Slide 37: Game business: multi-layered revenue cycle
I—L—FIEDNMA (KT) 1. BHM - RA: VRUAYVED 2. BSAA a He (Multi-layered Revenue Cycle) \e if oF
Slide 38: Game business strategy
A—-I—TFIEORA ENLHEA) OwMI7O—/ LIPO RMA @A0FWLICBS7—LHAIING Ba 36 71 (P9Vay /VEaAL—Yay/RPG) OFAULUALBHARR BORR @rL=EloOnRn @Metacritic AZIVF497)* Cl aE @l =B IIPOPE CORD (Pati) @AV—h74 7 -LI SB RIOR
Slide 39: Katana Engine
I—I—-FEOMA (BiH) (qT) / \ @KTIABOF—LLIYYyIKatana Engine ™y KATANA ® ENGINE. Ri 7 P emxmeoecae [Ja Fy —FIIA— A) OVILFTSybI4—L BBE YY RA RANCHER BOKR @AVAPSteam®e BHI O—/NLCQVIVF FS yb I4—-LeEZR O27 —L#-lKatana Engine MIOwG @/ Katana Engine ™) FA CIST EOP ELIS Y—Ant YAY LILA @H#YS3l—Yar7—-L CAIDA 39
Slide 40: Game business
A—LI—-TFIEDNBA (BNEYRYV AVE) Ol WH: mA-FHIO FOVIIEVRI AY ME HLA CBR MIECL TOBA (FoaFsa—F (kB SI) @ashL—L a RE OE —HhELLOF SIF YAA BaOnR OM: DA: -RIOME —BRHEORME 35 RLY aL BROS SRA Ob, FCOMRIHYRY AVE KHAN LOBARE FT BES
Slide 41: Multi-layered revenue cycle
I—L—F VEDA («TD BEWOiae . Multi-layered |Pst3z Revenue Cycle REO PRERER 7 — ae = >) AFRL—Yav —HRNZEYLIO—/\)LCHAPLHE PasRL—YayOVY—R ) s o> YY—Az ‘ SHER OR SSB A-S MRM ICES RES LOR ~ PAVRATNUAO REA J {BER HAT O—/ LIPO RIE TE I/S00B ART HL
Slide 42: textSaI-L-FIEM-AILTHIIA
«7 textSaI-L-FIEM-AILTHIIA COBHOANAIL, SRI GS BBL AY SESEGBRICLY, CHORE