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Gamers Stuck At Home Boost The Fortune Of This Billionaire Couple
Koei Tecmo Holdings isn’t just big in videogames, but also asset management: the company holds roughly $1.1 billion in assets across Hong Kong, Japan and the U.S. In a recent Nikkei interview, the firm’s cofounder and chair, Keiko Erikawa, revealed her strategies for investing were inspired by her grandmother’s advice to focus on the longterm; Erikawa also said she likes to invest in companies she would like to work for or manage.
Koei Tecmo’s shares have more than doubled in the past year as the firm has forecast an over 60% jump in net profit, to ¥25 billion ($231 million) for the year ended March, on rising demand for its games from those homebound by the pandemic. One Nintendo Switch game, Hyrule Warriors: Age of Calamity, globally sold more than 3.5 million units in the fourth quarter of 2020, just over a month after its release last November. Erikawa’s net worth, which she shares with her husband Yoichi, was up 144% to $3.3 billion.
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