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FY 2006 Namco Bandai group net profit soars 71.4%.

TOKYO, May 9 Kyodo

Namco Bandai Holdings Inc. said Wednesday its consolidated net profit shot up 71.4 percent to 24.25 billion yen in the business year to March 31 on substantial sales of shareholdings as well as the strength of its amusement facility, game and visual and music content businesses.

Pretax profit jumped 22.9 percent to 45.62 billion yen on 1.8 percent sales growth to 459.13 billion yen.

The weak domestic sales of toys were offset to some extent by strong overseas sales of the Tamagotch game and other toys targeted at boys particularly in the United States.

The amusement facility business benefited from the launch of a new type of a Namco Wonder Park in Kawasaki, Kanagawa Prefecture, and cost reductions.

In the game business, a new arcade-use Gundam war game became popular, and videos of Gundam and other stories also sold well, according to the company.

The steep rise in the group net profit is attributable mainly to sales of shares in candy maker Tohato Inc., company officials said.

Namco Bandai plans to pay a year-end dividend of 16 yen per share, up from 12 yen paid in fiscal 2005. The total annual payment, at 28 yen, is up from 12 yen in the previous fiscal year.

Fiscal 2007 group net profit is forecast to post a rise of 9.3 percent to 26.50 billion yen. Pretax profit is estimated to grow 3.0 percent to 47 billion yen on sales of 480 billion yen, up 4.5 percent.
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Publication:Japan Computer Industry Scan
Article Type:Financial report
Date:May 14, 2007
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