Bandai-Namco reported their financial results for the year ending on March 31st and are showing impressive increases in both sales and profits. Courtesy of Gamesindustry.biz:
For the full year, Bandai Namco’s sales were up 8% YoY to ¥732 billion ($6.7 billion) and its operating profit was up 12% YoY to ¥84 billion ($770 million). These results were far above the projections of sales of ¥650 billion ($5.9 billion) and profits of ¥60 billion ($550 million).
What’s most important to us however, is the results of their gaming segment.
Bandai Namco’s network entertainment segment, which encompasses its gaming business, was responsible for more of the sales than any other segment. Gaming brought in ¥341 billion ($3.1 billion) in net sales (up 4% YoY), but operating profit was down 5% to ¥48 million ($439,000) for the full year. These earnings stemmed from a total of 180 new titles released this last year (89 of them localizations), which totaled 27.6 million units sold. Major releases included Dark Souls: Remastered, Dragon Ball FighterZ, Soulcalibur VI, Ace Combat 7: Skies Unknown, and Jump Force.
Our Take
It’s great to see Bandai-Namco doing well particularly as they’ve offered fans a good mix of content. Overall, as with rest of the industry, many of the major publishers and developers are continuing to perform well which is exciting!
