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.
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."
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
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."