Gundam and Dragon Ball proved to be among the most lucrative IPs for Bandai Namco in the last financial year. In the Consolidated Financial Report for the Fiscal Year Ended March 31, 2023, Bandai Namco revealed moderate success in the past year. Net sales saw a decent increase, but operating profits were slightly down compared to the previous year.
According to the report, Bandai Namco saw net sales increase 11.3% from last year, from 889 billion yen to 990 billion yen. However, operating profits fell 7.2%.
In the financial breakdown, video games proved to be a smaller segment in the past year, despite the ongoing success of Elden Ring. Net sales only increased by 2%, while operating profit was down 29.1% from the previous year. The bulk of Bandai Namco’s success in the past year came from its Toys and Hobby (merchandise) and Amusement (arcade) businesses.
Gundam was a leading IP within the Toys and Hobby division, making 60 billion yen for the division and a total of 131 billion yen across all divisions. Dragon Ball is another prominent IP listed in the reports, bringing in 144 billion yen across all divisions.
Bandai Namco offered modest predictions for the next year. The company expects most divisions to remain steady, only bringing in an extra 1-2% profit over the past year.
Bandai Namco’s next major video game release will be Armored Core VI, which launches on August 25, 2023, for PC, PS5, PS4, Xbox Series X/S and Xbox One. Tekken 8 is also set to release at some point after this for PS5, Xbox Series X/S and PC.
Published: May 11, 2023 02:30 pm