Other Bandai Namco's Latest Finacial Report Q1 2022

[cm2]

Read from gamesindustry biz:

Bandai Namco has released its financial results for the first quarter (April to June 2022) of the fiscal year ending in March 2023, reporting healthy growth across the board.

​

• Net sales: ¥216 billion ($1.62 billion), up 21.5% year-on-year
• Operating profit: ¥44.4 billion ($334 million), up 64.3% year-on-year
• Net sales in the digital entertainment segment: ¥89.6 billion ($674 million), up 34% year-on-year
• Operating profit in the digital entertainment segment: ¥29.4 billion ($221 million), up 48% year-on-year

Looking more precisely at Bandai Namco's Digital Business segment, sales for home video games represented ¥40.5 billion ($304 million) during Q1 FY2023, a 54.5% increase year-on-year. However, the company is anticipating to achieve ¥140 billion ($1.05 billion) in sales by the end of the fiscal year, which would represent a 19.7% drop compared to the previous fiscal year.

Bandai Namco sold 11.4 million units across four titles released during the quarter, versus 10 million during the same quarter the year before, across 14 games.

Profits also increased significantly due to strong repeat sales of home video games, which have high profit margins," the company added. As a result of this strong Q1, net sales during Q2 are now expected to reach ¥430 billion ($3.23 billion) instead of ¥400 billion ($3 billion), with the revision "reflecting the significant progress in actual results and recent market environment for the first quarter."

 

[Artisan Vistra]

Almost a million a game is pretty huge. They always have good properties to work with too, so steady income is always possible.

 

[Burnsy]

Elden ring doing work

 

[Demon_Skeith]

Good to see them doing well.