News
Bandai Profits Down
posted on by Christopher Macdonald
As expected, Bandai Co. of Japan has announced that its net profits for the fiscal year ending in March were down significantly (21%) compared to the previous year. Bandai blamed poor performance in America at Bandai America (BAI) as a significant contributor to its weaker profits.
Nonetheless, Bandai was still profitable, earning 11.23 billion yen (US$106 million) in net profits.
No mention of Bandai Entertainment (BEI), which is a subsidiary of BAI, was made.
BAI is expected to release fewer properties and focus more on strong properties such as Power Rangers in 2005.
Nonetheless, Bandai was still profitable, earning 11.23 billion yen (US$106 million) in net profits.
No mention of Bandai Entertainment (BEI), which is a subsidiary of BAI, was made.
BAI is expected to release fewer properties and focus more on strong properties such as Power Rangers in 2005.
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