Koei Tecmo FY2025 Q2 Earnings Release

Note:Thisdocumenthasbeentranslatedfrom apartoftheJapaneseoriginalforreferencepurposesonly.Intheeventofany discrepancybetweenthistranslateddocumentandtheJapaneseoriginal,theoriginalshallprevail.
October27,2025
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Companyname:KOEITECMOHOLDINGSCO.,LTD.
Listing:TokyoStockExchange
Securitiescode:3635
URL:https://www.koeitecmo.co.jp/
Representative:HisashiKoinuma President&CEO(RepresentativeDirector)
Inquiries: KenjiroAsano SeniorExecutiveOfficer&CFO
Telephone:+81-45-562-8111
Scheduleddatetofilesemi-annualsecuritiesreport:November10,2025
Scheduleddatetocommencedividendpayments:-
Preparationofsupplementarymaterialonfinancialresults:Yes
Holdingoffinancialresultsbriefing:Yes
(Yenamountsareroundeddowntomillions,unlessotherwisenoted.)
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Netsales Operatingprofit Ordinaryprofit Profitattributableto ownersofparent Sixmonthsended Millionsofyen % Millionsofyen % Millionsofyen % Millionsofyen %
September30,2025 31,268 (11.2) 7,964 (25.2) 17,795 (15.3) 13,465 (15.7)
September30,2024 35,197 (11.4) 10,651 (23.1) 21,000 (9.5) 15,975 (4.9)
Note:Comprehensiveincome ForthesixmonthsendedSeptember30,2025: ¥ 46,411million [ 256.4%]
ForthesixmonthsendedSeptember30,2024: ¥ 13,021million [ (44.2)%]
Basicearnings pershare Dilutedearningsper share
Sixmonthsended Yen Yen
September30,2025 42.61 42.57
September30,2024 50.58 47.09
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Totalassets Netassets Equity-to-assetratio Netassetspershare
Asof Millionsofyen Millionsofyen % Yen September30,2025 314,239 248,726 78.9 742.58
March31,2025 209,828 189,421 89.9 596.95
Reference:Equity
AsofSeptember30,2025: ¥ 248,085million
AsofMarch31,2025: ¥ 188,547million

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Annualdividendspershare
FirstTuarterend SecondTuarterend7hirdTuarterend Fiscalyearend 7otal
<en <en <en <en <en
Fiscalyearended 0.00 60.00 60.00 March31,2025
Fiscalyearending 0.00 March31,2026
Fiscalyearending
March31,2026(Forecast) 3.00 3.00
NoteRevisionstotheforecastofcashdividendsmostrecentlyannounced None
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(Percentagesindicateyearonyearchanges.)
Netsales 2peratingprofit 2rdinaryprofit Profitattributableto oZnersofparent %asicearningsper share Millionsofyen Millionsofyen Millionsofyen Millionsofyen <en
Fullyear 2,000 10.6 31,000 (3.5) 3,000 (26.0) 2,000 (2.2) 3.0
Note1.Revisionstothefinancialresultforecastmostrecentlyannounced None
2.%asicearningspersharearecalculatedbasedontheZeightedaveragenumberofsharesoutstandingduringtheperiod,
reflectingthedisposaloftreasurysharesbyZayofpublicoffering(1,0,000shares,Ziththepaymentdatesetfor
September1,2025)andthesecondaryofferingofsharesbyZayofoverallotment(3,260,000shares,Ziththepaymentdate
setforSeptember30,2025).
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(1)Significantchangesinthescopeofconsolidationduringtheperiod None
NeZlyincluded companies( )
Excluded companies( )
(2)Adoptionofaccountingtreatmentspecifictothepreparationofsemiannualconsolidatedfinancialstatements None
(3)Changesinaccountingpolicies,changesinaccountingestimates,andrestatement
(i) Changesinaccountingpoliciesduetorevisionstoaccountingstandardsandotherregulations None
(ii) Changesinaccountingpoliciesduetootherreasons None
(iii) Changesinaccountingestimates None
(iv) Restatement None
()Numberofissuedshares(commonshares)
(i) 7otalnumberofissuedsharesattheendoftheperiod(includingtreasuryshares)
AsofSeptember30,2025 336,06,2shares
AsofMarch31,2025 336,06,2shares
(ii) Numberoftreasurysharesattheendoftheperiod
AsofSeptember30,2025 2,010,01shares
AsofMarch31,2025 20,25,650shares
(iii) Averagenumberofsharesoutstandingduringtheperiod(cumulativefromthebeginningofthefiscalyear)
SixmonthsendedSeptember30,2025 316,012,21shares
SixmonthsendedSeptember30,202 315,3,shares
*SemiannualfinancialresultsreportsareexemptfromrevieZconductedbycertifiedpublicaccountantsoranauditfirm.

Semi-annualConsolidatedFinancialStatements
Semi-annualConsolidatedBalanceSheet
(Millionsofyen)
AsofMarch31,2025 AsofSeptember30,2025
Assets
Currentassets
Cashanddeposits 24,034 51,070
Accountsreceivable-trade,andcontractassets 15,123 10,835
Securities 20,454 26,487
Merchandiseandfinishedgoods 37 81
Workinprocess 8 11
Rawmaterialsandsupplies 132 140
Other 1,696 3,775
Allowancefordoubtfulaccounts (3) (1)
Totalcurrentassets 61,484 92,401
Non-currentassets
Property,plantandequipment
Buildingsandstructures,net 20,079 27,302
Land 14,615 27,665
Constructioninprogress 71 582
Other,net 1,742 1,896
Totalproperty,plantandequipment 36,509 57,446
Intangibleassets
Other 187 165
Totalintangibleassets 187 165
Investmentsandotherassets
Investmentsecurities 99,409 153,573
Deferredtaxassets 4,119 2,466
Retirementbenefitasset 4,431 4,786
Other 3,685 3,400
Totalinvestmentsandotherassets 111,646 164,226
Totalnon-currentassets 148,343 221,837
Totalassets 209,828 314,239

(Millionsofyen)
AsofMarch31,2025 AsofSeptember30,2025
Liabilities
Currentliabilities
Accountspayable-trade 1,238 1,090
Short-termborrowings – 35,000
Accountspayable-other 3,798 5,064
Incometaxespayable 6,795 3,780
Provisionforbonuses 2,047 1,976
Provisionforbonusesfordirectors(andother officers) 425 215
Other 4,610 3,840
Totalcurrentliabilities 18,914 50,967
Non-currentliabilities
Deferredtaxliabilities 535 13,669
Other 957 875
Totalnon-currentliabilities 1,492 14,544
Totalliabilities 20,407 65,512
Netassets
Shareholders'equity
Sharecapital 15,000 15,000
Capitalsurplus 27,435 25,699
Retainedearnings 183,630 177,964
Treasuryshares (37,740) (3,746)
Totalshareholders'equity 188,324 214,916
Accumulatedothercomprehensiveincome
Valuationdifferenceonavailable-for-sale securities (1,928) 30,478
Revaluationreserveforland (3,101) (3,101)
Foreigncurrencytranslationadjustment 4,583 5,157
Remeasurementsofdefinedbenefitplans 669 633
Totalaccumulatedothercomprehensiveincome 222 33,168
Shareacquisitionrights 873 640
Totalnetassets 189,421 248,726
Totalliabilitiesandnetassets 209,828 314,239

Semi-annualConsolidatedStatementsofIncomeandComprehensiveIncome
Semi-annualConsolidatedStatementofIncome
(Millionsofyen)
Forthesixmonths endedSeptember30,2024 Forthesixmonths endedSeptember30,2025
Netsales 35,197 31,268
Costofsales 14,603 14,030
Grossprofit 20,593 17,238
Selling,generalandadministrativeexpenses 9,941 9,273
Operatingprofit 10,651 7,964
Non-operatingincome
Interestincome 9,942 5,457
Dividendincome 320 303
Gainonsaleofinvestmentsecurities 1,090 0
Gainonredemptionofsecurities 3,275 128
Gainonvaluationofderivatives 1,081 4,461
Other 129 358
Totalnon-operatingincome 15,840 10,709
Non-operatingexpenses
Lossonvaluationofinvestmentsecurities 392 146
Lossonsaleofinvestmentsecurities 0 –
Lossonredemptionofsecurities 1,699 589
Lossonvaluationofderivatives 2,151 –
Foreignexchangelosses 1,054 11
Other 194 130
Totalnon-operatingexpenses 5,492 877
Ordinaryprofit 21,000 17,795
Profitbeforeincometaxes 21,000 17,795
Incometaxes-current 5,118 4,272
Incometaxes-deferred (92) 58
Totalincometaxes 5,025 4,330
Profit 15,975 13,465
Profitattributabletoownersofparent 15,975 13,465

Semi-annualConsolidatedStatementofComprehensiveIncome
(Millionsofyen)
Forthesixmonths endedSeptember30,2024 Forthesixmonths endedSeptember30,2025
Profit 15,975 13,465
Othercomprehensiveincome
Valuationdifferenceonavailable-for-salesecurities (2,683) 32,407
Revaluationreserveforland 0 –
Foreigncurrencytranslationadjustment (219) 574
Remeasurementsofdefinedbenefitplans,netoftax (51) (35)
Totalothercomprehensiveincome (2,953) 32,945
Comprehensiveincome 13,021 46,411
Comprehensiveincomeattributableto
Comprehensiveincomeattributabletoownersof parent 13,021 46,411