EL33TONLINE: News tag archive: koeitecmoholdings

The Koei Tecmo Holdings company has posted a third quarter loss of ¥1.84 billion ($20.4 million), and has as a result adjusted its projected year-end profit forecast from ¥7.4 billion ($81.9 million) to ¥200 million ($2.2 million).

The publisher blamed its poor quarterly results on a soft Wii market, weak overseas sales and the unfortunate decisions to postpone titles such as Team Tachyon’s Quantum Theory, and Omega Force’s RPG, Trinity: Souls of Zill O’ll RPG.

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After the merger of Japanese game development companies Koei (Dynasty Warriors) and Tecmo (Ninja Gaiden, Dead or Alive) was approved by shareholders late January this year, the deal is now complete, and a new joint holding company, Koei Tecmo Holdings, has been formed.

In Japan, April 1st marks the beginning of the new financial year, so this date was chosen as the day the holding company would become official. The company has also revealed its new corporate logo.

Looks good.

The merger is said to be worth $207 million, with expected revenues to reach $727 million, with profits of $166.2 million, by the end of the fiscal year 2012.