FY2020 3Rd Quarter Presentation Materials（PDF:1.1

January 25, 2021

KOEI TECMO HOLDINGS CO., LTD.

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Highlights on FY2020 Q3

Record-high performance!

Earning operating profit of 10.9 billion yen in one quarter

●Hyrule Warriors: Age of Calamity becomes a hit

●Romance of the Three Kingdoms Ha-do^(*1)kept going strong,

contributing for full 3 months

Performance

●IP licensing-out title Romance of the Three Kingdoms Senryaku-ban^(*1)

had continued to go strong ●High non-operating income

●Made upward revision on full-year earnings estimate and dividend

Topics

forecast

^(*1)English Names are tentative

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Financial Summary

Q3 Results (YTD)

(Million Yen)

FY19 Results

FY20 Results Vs Previous Year

Component

Component
Ratio

Percent Change
Amount

Amount

Amount

Ratio

100.0%

64.7%
201.2% 164.4% 128.5%

Sales

26,676 43,949 17,273

24.1%

44.1%

Operating Profit Ordinary Profit Net Profit

6,429 19,367 12,938

42.4%

68.0%

11,299 29,874 18,575

36.4%

50.5%

9,718 22,202 12,484

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Major Titles

Q3

LTD
-

(Oct. 2020-Dec. 2020)

New! New!

Console

Hyrule Warriors: Age of Calamity

Nintendo Switch^TM

Over 3.5 million copies

Global

--

Atelier Ryza 2: Lost Legends & the Secret Fairy

PlayStation®5/PlayStation®4/Nintendo Switch^TM(*1)

ROMANCE OF THE THREE KINGDOMS XIV: Diplomacy and Strategy Expansion Pack Bundle

PlayStation®4/Nintendo Switch^TM/Windows®（Steam®）

Nioh 2

220,000 copies

Japan/Asia

New!

100,000 copies

Japan/Asia

Over 1.4 million copies

-

PlayStation®4

Back Catalogue

Romance of the Three Kingdoms Senryaku-ban ^(*2)

(Licensing-out)

-

Online/ Mobile

Going Strong

iOS/Android

China

Romance of the Three Kingdoms: Ha-do ^(*2)

iOS/Android

Fist of the North Star: Ken's Rage ^(*2)

Going Strong

--

Japan

New!

Released in December

iOS/Android

^(*1)Windows®（Steam®）Version：Launched on Jan. 26）

Japan

^(*2)English Names are tentative

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Results by Business Segment

Q3 Results (YTD)

(Million Yen)

FY19

FY20

Change
Sales

Entertainment Amusement Real Estate

Others

24,125
5,799 2,059
449
17,340 13,304
7
△ 263
84

41,465 19,103
2,066
186

Operating Profit

Sales

Operating Profit

Sales

496 169

580
75
148

Operating Profit

Sales

△ 94

49

99

Operating Profit

Sales

11
△ 103
0
26,676
6,429

△ 9

△ 208
0
17,273 12,938

2

Corporate & Elimination Total

△ 311

Operating Profit

0

Sales

43,949 19,367

Operating Profit

5

Sales Amounts by Region

Q3 Results (YTD)

FY19

(Million Yen)

FY20

Vs Previous Year

Compone

Component

Percent

Amount

16,861
9,815

Amount

21,895 22,054
6,881

Amount

nt

Ratio

Change

63.2%

29.9%

124.7% 122.2% 104.8% 132.2%
64.8%

Japan

49.8% 5,034

36.8% 11.6%
5.8%

Overseas
N. America Europe Asia

12,239

50.2%

3,097

15.7% 3,784

7.2% 1,624
27.3% 6,831
100.0% 17,273
1,549

3,173
12,000 43,949

19.4%
100.0%

5,169

Total

26,676

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Units Sold by Region

Q3 Results (YTD)

(Thousand Units)

FY19
Amount

FY20
Amount

Vs Previous Year

Compone

Component

Percent

Amount

nt

Ratio

Change

24.6%

11.9%

21.8% 18.1% 31.0% 18.5% 19.4% 19.0%

Japan

1,680 5,155 2,650 1,450 1,055 6,835 2,520
36.9%

23.0%

200

1,125
480

1,880 6,280 3,130 1,900 1,250 8,160

3,000

75.4% 38.8% 21.2% 15.4%
100.0%

Overseas
N. America Europe Asia

77.0%

38.4% 23.3% 15.3%
450 195

Total

100.0% 1,325
480

DL Units DL Ratio

36.8%

△0.1pt

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Breakdown on the Sales for Entertainment Business

Q3 Results (YTD)

(Million Yen)
% Change

FY19

FY20

Change

Package^(*1)

DL^(*2)DLC^(*3)

78.1%

Console

8,485 15,115 6,630 4,070 7,310 3,240 1,350 1,580 230
13,905 24,005 10,100

79.6% 17.0% 72.6%
7.3%

PC Online^(*4)Smartphone/Social^(*5)
Online/ Mobile

1,100 1,180

80

86.5%

8,220 15,330 7,110
270 250 △ 20
9,590 16,760 7,170

-7.4%
74.8% 11.1% 71.9%

Others
Events & Goods

630 700

70

Sales for Entertainment Business

24,125 41,465 17,340

^(*1)Including sales for packages, royalty, commission fees (incl. %-of-completion basis), and down payment ^(*2)DL (download) sales: sales for digital copies via PSN/XboxLive/Switch DL/Steam ^(*3)DLC (Download contents): Sales for additional items and scenario via download ^(*4)Sales for MMORPG and some other titles(Uncharted Waters V, Uncharted Waters VI, Nobunaga's Ambition 20XX) ^(*5)Including sales for smartphone games, social games, browser games, and royalty from IP licensing-out

8

Major Titles (Online/mobile)

（Million Yen）

Sales Transition of Online/Mobile by Quarter

8,000 7,000

6,000

5,000 4,000 3,000 2,000 1,000
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

9

Major Costs/ Headcounts

Q3 Actuals (YTD)

(million yen/headcounts)

% Change

FY19 FY20 Change

Employment Cost

11.7% 16.5% 12.7%
-13.9%
73.0%

COGS

8,665 2,240
10,905
3,065
630
1,015

9,680 2,610
12,290
2,640 1,090

SGA

370
1,385
△ 425
460

Subcontracting Cost Advertizing/Promotional Cost

COGS SGA

Total Headcount^(*1)

^(*1)Excluding temporary employees

9.0%

1,838

165

2,003

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Upward Revision on Full-Year Earnings Estimate

Full-Year Forecast

(Million Yen)

FY20 Plan
FY19 Results

FY20 Results

Vs Previous Year

Vs Plan

（As of Oct 26）

Component

Percent
Amount

Component

Percent

Change
Amount

Amount

Amount

Amount

Ratio

Change

Ratio

100.0%

31.3%

100.0%

9.8%

Sales

42,645 14,102 18,869 15,306

56,000 22,000 33,000 25,000

13,355
7,898
14,131
51,000 17,000 25,000 18,000
5,000 5,000 8,000 7,000

33.1% 44.2% 35.9%

39.3% 58.9% 44.6%

56.0%

33.3%

29.4%

32.0% 38.9%

Operating Profit Ordinary Profit Net Profit

74.9%

49.0%

63.3%

35.3%

9,694

●Full-year earnings estimate: operating profit of 17 billion yen  22 billion yen

11

Title Lineup

Launch date/
Area

Area Expansion

Console

Atelier Ryza 2: Lost Legends & the Secret Fairy

January

PlayStation®5/PlayStation®4/Nintendo Switch^TM/Windows®（Steam®）

Europe/Americas

New PF^（*1)Nioh 2 – The Complete Edition

Feb. 4

Global

PlayStation®5/PlayStation®4/Windows®（Steam®）

Area Expansion

Persona 5 Strikers (Developer)

Feb. 23

PlayStation®4/Nintendo Switch^TM/Windows®（Steam®）

Dynasty Warriors ^(*2)

iOS/Android

La Corda d'oro Starlight Orchestra ^(*2)

Europe/Americas

Under Development

Japan

New! New! New!

Online/ Mobile

Pre-registration

Japan

iOS/Android

Dynasty Warriors Ha ^(*2)(IP Licensing-out)

Pre-registration

China

(Operated by Tencent Games)

Area Expansion

Romance of the Three Kingdoms Senryaku-ban ^(*2)(IP Licensing-out)

January February

(Developed by Alibaba Lingxi Interactive Entertainment)

Taiwan

South Korea

^(*1)Stands for "Platform" ^(*2)English Names are tentative

12

Shareholder Return

Including acquisition of treasury stock, consolidated yearly overall payout 50% for dividends, or yearly dividend of 50 yen per stock.

Basic Policy

Dividend
(yen)

Transition of Dividend

※１

Net Income
(100million Yen)

※２

140

280

※1：Oct 1 2018

Dividend before
Stock split

120

100

80 60 40 20
0

240

200

160 120 80

Stock Split（1:1.2)

Dividend

100yen

Net income

※2：Apr 1 2021
Stock Split（1:1.3)

61yen

40 0

FY16

FY17

FY18

FY19 FY20（Plan）

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KOEI TECMO HOLDINGS CO., LTD.

This document contains statements regarding future objectives, beliefs and current expectations of KOEI TECMO HOLDINGS CO., LTD. with respect to its financial results. Such statements imply risks and uncertainties and no guarantee of future performance.

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