Games

Despite the increase in game sales, profits are declining at Bandai Namco

At NAMCO BANDAI, sales of video games increased, but profits decreased slightly.

According to the company’s accounting report for the nine months ending December 31, 2020, consolidated sales increased 2% year-on-year to 543.4 billion yen ($ 5.2 billion) and profit decreased 4.3% to 50.6 billion yen (4). It was $ 83.8 million). ) In the same period.

In the network entertainment division, which operates Bandai’s game business, sales increased 11.4% year-on-year to 258.4 billion yen ($ 2.4 billion), and operating income increased 30.9% to 47.7 billion yen ($ 2.4 billion). It was a story. $ 456 million).

This increase was partly due to increased video game sales, reaching 32.3 million units in the last nine months, compared to 15.5 million units in the same period last year.

Bandai has revised its earnings forecast upward based on its current earnings, and expects sales of 720 billion yen ($ 6.8 billion) and profit of 36 billion yen ($ 344.2 million) by the end of March 2021. .. ..

Bandai also outlined a medium-term restructuring plan to reorganize the segment structure to “further strengthen the IP axis strategy in the global market.”

Bandai explained that it would like to develop its business “more united than ever” and appointed two new employees, Mitsuaki Taguchi and Masaru Kawaguchi.

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