Bandai Namco anticipates highest profits to date in current fiscal year, reporting 113% net profit increase in past nine months
Bandai Namco Holdings released their consolidated earnings report for the first nine months (April 1 to December 31, 2024) of the fiscal year ending March 31, 2025. As with their first quarter and second quarter results, Bandai Namco’s sales and profits soared, prompting the company to revise its forecast for the full fiscal year. The upwards revision accounts for record-breaking profits.
Bandai Namco has seen significant growth in its Digital Entertainment and Toy and Hobby sector thanks to hit products with high profit margins, as well as strong performances from mainstay IPs like Dragon Ball and One Piece. As for video games, this success included repeat sales of Elden Ring and its Shadow of the Erdtree DLC, as well as Dragon Ball Sparking! ZERO, which was also a global hit. In Japan, the Gakuen Idolmaster smartphone game reaped unexpectedly high profits.
Although Digital Entertainment and Toy and Hobby were the sectors that saw the most growth, Bandai Namco reported increased profits across all sectors of its business. The group’s operating profit in each region also rose, especially in the Americas which were 816% more profitable than the previous year.
Bandai Namco also revealed their mid-term plan for April 2025 onwards, which will focus on maximizing the global value and longevity of their IPs
The results for the first nine months of the fiscal year ending March 31, 2025 were:
Sales: 955.663 million yen (up 23.8% year-on-year)
Operating profit: 179.233 billion yen (up 129.0% year-on-year)
Ordinary profit: 185.413 billion yen (up 106.9% year-on-year)
Net profit: 128.699 billion yen (up 113.1% year-on-year)
The revised full-year forecast published on February 5, 2025 is as follows:
Sales: 1.23 trillion yen (up 6.9% from previous forecast: 1.15 trillion yen)
Operating profit: 180 billion yen (up 12.5% from previous forecast of 160 billion yen)
Ordinary profit: 187 billion yen (up 14.7% from previous forecast of 163 billion yen)
Net profit: 128 billion yen (up 16.3% from previous forecast of 110 billion yen)
EPS (Earnings Per Share): 195.65 yen (168.13 yen)