Representatives from Bandai Co. have released the company’s fiscal results for the three months ended June 30. During this period group net profit fell 27% from the same period last year, apparently due to mounting costs for expanding the company’s toy and other entertainment businesses.
During the quarter the toy and games publisher achieved ¥2.94 billion ($26.4m) in group net profit. The group operating profit was also down 25% to ¥5.69 billion ($51.0m). Sales however were up by 1.3% to ¥58.86 billion ($527.6m).
The company has left its earnings outlook for the full year unchanged at a group net profit of ¥14.8 billion ($132.7m) on sales of ¥280.0 billion ($2.51bn).
The firm’s video game software division offset weak performances in other business segments with brisk sales of titles such as Kinnikuman Generations
and Super Robot Taisen MX
, forcing sales up by 28% to ¥7.63 billion ($68.4m). The division's operating profit rose more than threefold, to ¥516 million ($4.6m).