Summary
Koei Temco, the Japanese publisher known for franchises likeDynasty Warriors,Dead or Alive, andNinja Gaiden, has revealed a stellar earnings report for its fiscal year 2024. Compared to some of Japan’s other powerhouse game publishers,Koei Tecmohas been able to maintain its own space in the industry by catering to action game fans and those that enjoy the Musou genre.
Koei Tecmo flew out of the 2025 gates swinging, releasing five games within the first three months of the year.Dynasty Warriors: Origins, a fresh jumping-in point for new fans of the long-running Musou franchise, kicked the year off strong for the publisher, with a smaller roguelike spin-off inWarriors: Abyssfollowing not even a full month later. Koei Tecmo later appeared at Xbox’s Developer Direct showcase to shadow drop its surpriseNinja Gaiden 2 Blackremaster alongside thereveal ofNinja Gaiden 4,which is due out later this year. Additionally, the publisher dropped two lesser-known titles inAtelier Yumia: The Alchemist of Memories and the Envisioned LandandVenus Vacation Prism: Dead or Alive Xtremein March.
With all these game releases, it shouldn’t be a shock that this past fiscal year has beenone of Koei Tecmo’s best in a long time. Koei Tecmo’srecent financial results reportcelebrates record high profits for its 2024 fiscal year, mentioning an 11.4% year-on-year increase. This resulted in the Japanese publisher raking in 36.63 billion yen, equivalent to around 250 million US dollars.
Koei Tecmo Enjoys Record Profits in Fiscal Year 2024 Report
It’s worth noting that Koei Tecmo’s fiscal year began on July 31, 2025, so much of PlayStation 5-exclusiveRise of the Ronin’s sales were likely a big contributor.Ninja Gaiden 2 Blackwas also likely a major contributor to Koei Tecmo’s record fiscal 2024 profits, as it likely wasn’t too costly a project. The remaster also launched on day one into Xbox Game Pass, which didn’t seem to hamper the game’s profitability.Dynasty Warriors: Origins' commercial success as a new jump-in point was also likely a big help. ConsideringRise of the Roninwas one of two games released by Koei Tecmo in 2024, it’s likely that the bulk of the publisher’s sales occurred near the bookends of its 2024 fiscal year, as there was a huge gap betweenRise of the Ronin’s March 2024 releaseand this past January, where Koei Tecmo started pouring out new games.
Looking ahead, Koei Tecmo’s “Year of the Ninja” continues withNinja Gaiden: Ragebound, a 2D action entry from the creators ofBlasphemous, andNinja Gaiden 4, both on their way this year. Koei Tecmo also has theNintendo Switch 2’sHyrule Warriors: Age of Imprisonmentaiming for a 2026 release. With all the games it’s recently put out and everything else on the horizon, Koei Tecmo seems to be in an excellent spot right now.
