Kotobukiya Co., Ltd. reported a notable decline in its financial results for the fiscal year ending June 2024. The Japanese toy and hobby manufacturer saw its revenue drop by 9.5% to ¥16.4 billion (US$113 million), while net profit fell by 37.2% to ¥1.1 billion (US$7.5 million). The company cites intensified competition in the domestic plastic model market, rising raw material costs due to a weaker yen, and inflationary pressures as key factors impacting its performance.
New product launches, including “Oubu Amaterasu Regalia” and “Frame Arms Girl Durga II,” were unable to offset the overall decline in sales volume. In North America, sales stagnated, affected by a reduced number of high-selling items and ongoing logistical challenges from the COVID-19 pandemic. However, Kotobukiya experienced some success in Asia, particularly in China, where certain products saw increased demand.
Looking ahead, Kotobukiya forecasts a modest recovery for the fiscal year ending June 2025, with plans to boost sales through the promotion of its own IP titles and continued research and development aimed at expanding into new product categories.
