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Koei Tecmo raises nine-month operating profit forecast

Original: コーエーテクモ

Koei Tecmo Holdings has sharply raised its operating profit forecast for the nine months ending in December, lifting it from 7 billion yen to 11.5 billion yen. The company credits strong sales of major titles released last fiscal year, continued contributions from its back catalogue, and favourable financial income. The upward revision signals solid momentum for the Japanese game publisher heading into the full-year results.

Why now: The company announced a significant upward revision to its profit forecast, which is notable news for investors and the games industry.

Koei Tecmo Holdings

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