Strong retail sales help Tecmo Koei to increased 2011 profits

Dynasty Warriors publisher Tecmo Koei today reported strong financial results for the fiscal year just ended, thanks to notable sales from multiple franchises. The Japanese company noted strong sales performances from Ninja Gaiden 3, Musou Orochi 2, Sengoku Musou 3 Empires and Winning Post 7 2012, reports Andriasang. In particular, Ninja Gaiden 3 shipped 630,000 units worldwide. On top of this, Tecmo Koei received royalties as a development team on games with other big publishers, including One Piece Pirate Musou for Namco Bandai and Pokemon + Nobunaga's Ambition for Nintendo subsidiary The Pokemon Company. Also mentioned in the financial results was the acquisition of Gust, the developer behind the Atelier RPG franchise. Tecmo Koei said that it is currently looking to push its online and mobile businesses through the expansion of this subsidiary. For the fiscal year ended March 31, 2012, Tecmo Koei posted revenues of 35.5 billion yen ($443.8 million), up 10.7 percent year-over-year, and profits of 4.6 billion yen ($57.5 million), up a notable 69.3 percent compared to the previous fiscal year. Looking ahead to results for the current fiscal year, the company estimates that it will see revenue increase again to 39.0 billion yen ($487.6 million), up 9.8 percent, while it expects profits to increase 7.7 percent to 5.0 billion yen ($62.5 million).