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Bandai Namco Financials

It's earnings season, so also has full year fiscal reporting from Bandai Namco, who report increased sales and profits led by the gaming segment. Here's a rundown:

For the full year, Bandai Namco's net sales were up 8% year-over-year to ¥732 billion ($6.7 billion) and its operating profit was up 12% year-over-year to ¥84 billion ($770 million). This is all well above the company's guidance, which predicted sales would actually be down 4% to ¥650 billion ($5.9 billion) and a 20% lower operating profit to ¥60 billion ($550 million).

For the fourth quarter alone, Bandai Namco saw net sales of ¥204 billion ($1.9 billion) and an operating profit of ¥14 billion ($128 million).

Looking ahead to next year, the company is once again making lower predictions, suggesting ¥720 billion ($6.6 billion) in net sales (which would be down 1.7% year-over-year) and ¥70 billion ($640 million) in operating profit (down 16.7%).

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