Koei Tecmo’s investors lower expectations due to small number of major titles in 2024/25 pipeline 

Koei Tecmo’s shares have been on a continuous decline, as reported by Kabutan. Investment giant Nomura Securities has downgraded its investment rating from “Buy” to “Hold” and significantly lowered its price target. The investor’s analysts cite that Koei Tecmo reduced their short-term profit projections due to a small number of major titles in their development pipeline for the period from April 2024 to the end of May 2025.  

Another reason brought up is Koei Tecmo’s report of major titles falling short of sales targets in the past two fiscal years, lowering the company’s medium-term growth expectations. As a result, Koei Tecmo have downsized forecasts up until the fiscal year starting April 2028. 

Previously, we reported that Koei Tecmo saw record-breaking sales in their mobile game sector in the past fiscal year, but that this did not translate into profit due to rising commissions and outsourcing costs. In addition, apart from Rise of the Ronin outdoing the Nioh series in sales, Koei Tecmo’s console releases did not meet targets. The company has recently established an AAA Studio and will be focusing on consistently launching major titles going forward.