TOMY Company raised its full-year profit forecast after strong sales of its classic toy brands and collectibles drove earnings to record levels in the first half of the fiscal year.
The Japanese toymaker now expects net income of 8 billion yen ($53 million) for the year ending March 2025, up 33% from its previous projection of 6 billion yen. The company increased its sales target to 120 billion yen from 110 billion yen.
The improved outlook reflects robust demand for Tomica die-cast cars and BEYBLADE X spinning toys, which expanded into European and U.S. markets in the first quarter. The company’s Takara Tomy Arts unit saw higher sales of plush toys and gacha capsule collectibles, while its Kiddyland retail stores in Harajuku and Umeda performed well.
Asian markets showed particular strength in Tomica sales, contributing to the upward revision. The company remains cautious about the crucial year-end shopping season, basing its new forecast primarily on first-half performance.
Following the earnings revision, TOMY raised its planned annual dividend to 56 yen per share from 48 yen, reflecting a new shareholder return policy implemented in May.
