Bandai Namco Holdings Inc. has significantly revised its consolidated earnings forecast for the interim period ending September 2024. The company now expects sales to reach 555 billion yen (USD 4.01 billion), up from the previous forecast of 515 billion yen (USD 3.72 billion). Operating profit is projected to soar to 82 billion yen (USD 592.6 million), compared to the earlier estimate of 55 billion yen (USD 397.3 million).
The upward revision reflects a 7.8% increase in sales, a substantial 49.1% rise in operating profit, a 53.0% increase in ordinary profit to 88 billion yen (USD 636.3 million), and a 50.0% increase in net profit, now expected to be 60 billion yen (USD 433.7 million). Earnings per share (EPS) are anticipated to climb to 91.72 yen, up from 61.14 yen.
The company attributes its positive performance to the success of “ELDEN RING SHADOW OF THE ERDTREE,” alongside strong demand for high-target products such as trading card games and capsule toys. These products have continued to gain popularity both domestically and internationally, driving significant sales and profit growth in the first quarter.
Bandai Namco has not yet revised its full-year earnings forecasts for fiscal 2025, opting for a cautious approach. The company plans to monitor various factors closely, including market conditions, consumer preferences, and the competitive landscape. Key considerations will include sales trends for major video game titles set for release in the third quarter and the impact of the busy year-end and New Year sales period.
