Today Bandai Namco announced its financial results for the first half of the fiscal year, related to the period between April 1 and September 30.
While both net sales and profits were slightly down year-on-year, they were actually higher than Bandai Namco predicted mostly due to “brisk repeat sales of key titles in network content and existing home video game titles.” and sales of Gunpla models.
You can check the results in the tables below.
In particular, the Network Entertainment business, which focuses on video games, performed solidly, recording 170,273 million yen in sales (up 11.3% year-on year) and 34,726 million yen in profits (up 39.1% year-on year).
Specifically, we hear that Captain Tsubasa: Rise of New Champions “got off to a good start” while repeat sales of older Dragon Ball games, Tekken 7, and the Dark Souls series were solid mainly outside Japan due to the growing demand for digital download.
It’s worth mentioning that the Toys and Hobby and the Network Entertainment businesses will be merged into a single unit starting with the next fiscal year (from April 2021).
If you’d like to compare the results with historical data, you can check out our article dedicated to the previous quarter.