Bandai Namco records highest net sales to date in 2023. Armored Core 6, Tekken 8 and Elden Ring perform well 

Bandai Namco Holdings have published their consolidated financial report for the past fiscal year (from April 1, 2023 to March 31, 2024). In the 2023 fiscal year, the company recorded its highest net sales and net income to date, but saw a 22.1% year-over-year decrease in operating profit. 

Net sales: 1,050,210 million yen (up by 6.1%) 
Operating income: 90,682 million yen (down by 22.1%) 
Ordinary income: 104,164 million yen (down by 18.6%) 
Final income: 101,493 million yen (up by 12.3%) 

According to Bandai Namco’s presentation, the company’s net sales and net income exceeded 1 trillion yen and 100 billion yen respectively in the past year, setting a new record. The biggest contributors to these figures were products and services related to IPs such as Gundam, Dragon Ball and One Piece. 

Bandai Namco’s best performing businesses were its Toy and Hobby sector and Amusement sector, while its Digital Business sector (i.e. video game sector) saw a year-over-year decrease in profit. Losses are attributed to a newly launched online game largely underperforming, as well as Bandai Namco disposing of titles on their lineup.  

At the same time, the report highlights the strong performance of mobile apps and video game titles such as Armored Core 6, Tekken 8 and Elden Ring. Repeat sales of Elden Ring, which released back in 2022, exceeded expectations thanks to the announcement of the Shadow of the Erdtree DLC. Bandai Namco’s goal for the following year is to balance out their portfolio and focus on developing high quality titles.