Koei Tecmo has revised its financial forecast for the current fiscal year after Rise of the Ronin and other games have underperformed in terms of sales.
In a notice of revision of earnings forecasts for the fiscal year ending March 31, 2024, Koei Tecmo has revealed plans to revise sales projections for the year as a result of games underperforming in sales. Sales projections have been dropped by 11% and operating income by 28%. Software sales are missing the intended target by the equivalent of $70 million.
While the report didn’t explicitly mention Rise of the Ronin, it is indeed included in the fiscal year software sales for the year ending March 31, 2024. As noted in the report, the company revised its consolidated forecasts for net sales and operating income due to the fact that some of the titles launched and distributed during the fiscal year under review fell short of plans. On the other hand, the Company has been managing its operations while keeping a close eye on the financial markets, and non-operating income and expenses have been significantly higher than planned. In terms of net sales, the previous forecast was at 95,000 Yen and the revised figure is now 84,000 Yen.
While sales figures for Rise of the Ronin may not have lived up to Koei Tecmo’s financial forecast, the game has sold relatively well thus far in Japan. It was recently reported via Famitsu that the game has outperformed Capcom’s Dragon’s Dogma 2 in Japan in terms of physical sales, despite being available for less time during its debut week.. The publication had shared sales figures for game software during the period of March 25, 2024 and March 31, 2024. Rise of the Ronin managed to sell an additional 20,139 copies during the second week of its release, while sales of Dragon’s Dogma 2 dropped considerably to 9,172 copies.
Rise of the Ronin is available exclusively for the PS5.
