Bandai Namco Reports Strong Financial Results for its Video Game Business and Across the Board
Bandai Namco reports its financial results for the first nine months of the fiscal year, and they're firmly sitting in profitable territory.
Today Bandai Namco reported its financial results for the first nine months of fiscal year 2017, ended on December 31st, 2016, and they’re definitely positive, as you can see in the table below.
The company reported a considerable improvement in both sales and income figures year-on-year, moving from the red to profitability.
We also get a breakdown by business segment, showcasing that the Network Entertainment business (which includes games) is firmly at the top of both net sales and operating income, with the full fiscal year forecast for the segment revised upwards in both categories.
A breakdown by region shows that Japan is still the main factor in the company’s sales and income, but the company’s businesses are profitable in every region.
Last, but not least, results for the Network Entertainment business (which include games) shows a substantial overperformance of network sales compared to the previous year.
Bandai Namco sold 19,676,000 copies of its games worldwide between April and December, to reach 23.5 million copies by the end of march. Sales in Japan are slightly down year-on-year, while sales in Europe shown a steeper decrease. On the other hand, sales in North America are up year-on-year.