BANDAI NAMCO : Financial Highlights for the First Quarter of the Fiscal Year Ending March 31, 2024161.6 KB

August 8, 2023

Financial Highlights for the First Quarter of the Fiscal Year Ending March 31, 2024

Bandai Namco Holdings Inc.: Consolidated Financial Results

Summary of Income Statement												(millions of yen)
			FY2023.3							FY2024.3
		1Q	1st Half		Full Year Results	1Q	% vs	1st Half	1st Half	Full Year Plan	% vs
		Results	Results		Results	Prior Year	Forecasts	New Forecasts	Prior Year
Net Sales		216,241	477,620				990,089	224,812	104.0%	475,000	475,000		1,000,000	101.0%
Gross Profit		96,683	195,616				368,656	89,357	92.4%	190,000	190,000		390,000	105.8%
Operating Profit		44,393	81,607				116,472	27,989	63.0%	60,000	60,000		125,000	107.3%
Recurring Profit		51,274	92,365				128,006	32,733	63.8%	62,000	65,000		129,000	100.8%
Profit Attributable to		37,019	66,557				90,345	21,786	58.9%	44,000	44,000		91,000	100.7%
Owners of Parent
Net Sales by Segment												(millions of yen)
			FY2023.3							FY2024.3
		1Q	1st Half		Full Year Results	1Q	% vs	1st Half	1st Half	Full Year Plan	% vs
		Results	Results		Results	Prior Year	Forecasts	New Forecasts	Prior Year
Entertainment (Digital)		89,599	193,897				385,681	68,040	75.9%	185,000	160,000		390,000	101.1%
Entertainment (Toys and Hobby)		94,872	213,368				447,491	120,372	126.9%	215,000	240,000		450,000	100.6%
IP Production		15,686	35,065				81,748	14,992	95.6%	36,000	36,000		83,000	101.5%
Amusement		23,022	48,657				104,602	28,240	122.7%	54,000	57,000		110,000	105.2%
Other		7,027	15,070				31,313	8,098	115.2%	15,000	15,000		31,000	99.0%
Elimination and Corporate		(13,967)	(28,439)				(60,748)	(14,932)	-	(30,000)	(33,000)		(64,000)	-
Total		216,241	477,620				990,089	224,812	104.0%	475,000	475,000		1,000,000	101.0%
Operating Profit by Segment												(millions of yen)
			FY2023.3							FY2024.3
		1Q	1st Half	Full Year Results		OP Margin	1Q	% vs	1st Half	1st Half	Full Year Plan	OP Margin	% vs
		Results	Results		Results	Prior Year	Forecasts	New Forecasts	Prior Year
Entertainment (Digital)		29,411	44,649		49,339		12.8%	2,661	9.0%	29,000	17,000	58,000	14.9%	117.6%
Entertainment (Toys and Hobby)		14,363	33,562		59,538		13.3%	23,629	164.5%	30,000	40,000	63,000	14.0%	105.8%
IP Production		1,085	3,459		10,645		13.0%	1,058	97.5%	4,000	4,000	11,000	13.3%	103.3%
Amusement		2,113	4,804		6,038		5.8%	3,157	149.4%	3,000	5,000	5,000	4.5%	82.8%
Other		131	456		1,165		3.7%	481	367.6%	500	500	1,000	3.2%	85.8%
Elimination and Corporate		(2,711)	(5,324)		(10,254)		-	(3,000)	-	(6,500)	(6,500)	(13,000)	-	-
Total		44,393	81,607		116,472		11.8%	27,989	63.0%	60,000	60,000	125,000	12.5%	107.3%
Reference: Net Sales by Region (External sales after elimination)							(millions of yen)
			FY2023.3							FY2024.3
		1Q	1st Half		Full Year Results	1Q	% vs	1st Half	1st Half	Full Year Plan	% vs
		Results	Results		Results	Prior Year	Forecasts	New Forecasts	Prior Year
Japan		148,707	335,861				707,531	168,188	113.1%	341,500	344,000		712,000	100.6%
Americas		29,471	52,651				99,344	15,632	53.0%	47,500	38,500		99,500	100.2%
Europe		18,085	45,047				94,458	17,693	97.8%	42,500	44,500		93,500	99.0%
Asia		19,976	44,059				88,757	23,300	116.6%	43,500	48,000		95,000	107.0%
Elimination and Corporate		-	-				-	-	-	-	-		-	-
Total		216,241	477,620				990,089	224,812	104.0%	475,000	475,000		1,000,000	101.0%
Reference: Operating Profit by Region											(millions of yen)
			FY2023.3							FY2024.3
		1Q	1st Half	Full Year Results		OP Margin	1Q	% vs	1st Half	1st Half	Full Year Plan	OP Margin	% vs
		Results	Results		Results	Prior Year	Forecasts	New Forecasts	Prior Year
Japan		38,012	72,611		103,606		14.6%	29,267	77.0%	59,500	58,000	115,000	16.2%	111.0%
Americas		5,824	6,159		8,543		8.6%	692	11.9%	4,000	2,500	9,500	9.5%	111.2%
Europe		3,211	5,039		6,241		6.6%	(177)	-	(1,000)	500	4,000	4.3%	64.1%
Asia		2,943	8,801		12,192		13.7%	2,835	96.3%	4,000	5,500	9,500	10.0%	77.9%
Elimination and Corporate		(5,599)	(11,003)		(14,109)		-	(4,627)	-	(6,500)	(6,500)	(13,000)	-	-
Total		44,393	81,607		116,472		11.8%	27,989	63.0%	60,000	60,000	125,000	12.5%	107.3%
Other Data												(millions of yen)
			FY2023.3							FY2024.3
		1Q	1st Half		Full Year Results	1Q	% vs	1st Half	1st Half	Full Year Plan	% vs
		Results	Results		Results	Prior Year	Forecasts	New Forecasts	Prior Year
Capital Investments		10,193	16,561				36,477	6,906	67.8%	13,000	13,000		28,000	76.8%
Depreciation		5,184	11,266				28,671	6,479	125.0%	12,000	12,000		27,000	94.2%
Advertising Expenses		9,428	22,432				56,798	10,956	116.2%	34,000	34,000		66,000	116.2%
Personnel Expenses		19,407	39,096				81,045	22,485	115.9%	40,000	42,000		83,000	102.4%
Investment in game content		-	-				76,270	-	-	-	-		-	-
development etc.

Note: The figures of the full year plan of FY2024.3 are as of May 11, 2023.

Forward-looking Statements: This document contains figures that are based on the information currently available to management and estimate involving uncertain factors thought likely to have an effect on future results.

【Sales of IPs (Groupwide)】						(billion yen)
		FY2023.3			FY2024.3
	1Q Results	1st Half	Full Year	1Q Results	1st Half	Full Year
	Results	Results	New Forecasts	Plan
Anpanman	1.8	4.7	9.9	1.9	4.5	10.0
Ultraman	3.5	8.9	19.5	4.1	10.0	21.5
KAMEN RIDER	4.6	14.2	32.1	5.9	14.5	32.0
Mobile Suit Gundam	29.0	62.4	131.3	36.9	70.0	135.0
Super Sentai	1.6	3.5	6.5	2.0	3.5	7.0
DRAGON BALL	27.5	65.7	144.5	28.7	65.0	130.0
NARUTO	5.0	10.2	18.7	4.9	10.0	23.0
Pretty Cure	1.3	2.9	5.6	1.3	3.0	6.0
ONE PIECE	13.7	35.9	86.3	25.0	52.0	78.0

*Figures are calculated based on sales before elimination of inter-segment transactions.

【Sales of IPs (Toys and Hobby Business, Japan)】				(billion yen)
		FY2023.3			FY2024.3
	1Q Results	1st Half	Full Year	1Q Results	1st Half	Full Year
	Results	Results	New Forecasts	Plan
Anpanman	1.7	4.3	9.3	1.8	4.0	9.0
Ultraman	2.2	4.7	9.2	2.1	5.0	9.5
KAMEN RIDER	3.2	9.5	23.0	4.4	10.0	23.0
Mobile Suit Gundam	14.8	30.1	60.5	17.6	34.5	62.0
Super Sentai	1.3	2.9	5.6	1.8	3.0	6.0
DRAGON BALL	5.6	12.0	22.5	6.5	12.0	20.0
Pretty Cure	1.3	2.9	5.6	1.2	3.0	6.0
Pokémon	1.7	4.1	8.8	2.7	5.0	9.0
ONE PIECE	4.7	12.3	31.9	13.9	28.0	36.0

*Figures are calculated based on sales before elimination of inter-segment transactions.

【Digital Business (Sales by major category)】				(billion yen)
		FY2023.3			FY2024.3
	1Q Results	1st Half	Full Year	1Q Results	1st Half	Full Year
	Results	Results	New Forecasts	Plan
Network content	41.5	94.0	194.0	38.9	91.0	200.0
Home video game	40.5	85.1	159.8	22.5	61.0	170.0

【Home Video Game (Number of titles and unit sales)】

			FY2023.3					FY2024.3
	1Q Results	1st Half Results	Full Year Results	1Q Results	1st Half New Forecasts	Full Year Plan
	# of	Units Sold	# of	Units Sold	# of	Units Sold	# of	Units Sold	# of	Units Sold	# of	Units Sold
	New Titles	(thousand)	New Titles	(thousand)	New Titles	(thousand)	New Titles	(thousand)	New Titles	(thousand)	New Titles	(thousand)
Japan	5	2,871	40	5,556	76	10,021	18	1,214	40	3,000	65	10,000
Americas	4	5,429	33	10,063	59	18,710	9	2,932	24	7,500	35	18,000
Europe	4	3,225	33	8,998	57	19,560	9	3,634	25	9,500	35	20,000
Group Total	13	11,525	106	24,617	192	48,291	36	7,780	89	20,000	135	48,000
Localized versions	9	-	78	-	130	-	25	-	59	-	95	-
After elimination of localized versions
Group Total	4	11,525	28	24,617	62	48,291	11	7,780	30	20,000	40	48,000
【Digital Card Sales (Units sold)】				(million pieces)
		FY2023.3			FY2024.3
	1Q Results	1st Half	Full Year	1Q Results	1st Half	Full Year
	Results	Results	New Forecasts	Plan
Digital card sales	39	90	181	41	82	180

*Figures are estimates based on management accounting.

【IP Production Business (Sales by major category)】

							(billion yen)
			FY2023.3			FY2024.3
		1Q Results	1st Half	Full Year	1Q Results	1st Half	Full Year
		Results	Results	New Forecasts	Plan
Packages		2.2	5.4	11.5	1.5	4.3	11.0
Production, license,
distribution, events	13.4	29.6	70.2	13.4	31.7	72.0
and others
Total		15.6	35.0	81.7	14.9	36.0	83.0
【Amusement Business (Sales by major category)】				(billion yen)
				FY2023.3			FY2024.3
								Full Year
			1Q Results	1st Half	Full Year	1Q Results	1st Half
			Results	Results	New Forecasts	Plan
Amusement machines		6.1	11.4	31.0	9.8	17.0	34.0
Amusement facility		16.8	37.2	73.5	18.4	36.5	74.5
【Number of Amusement Facilities】
					FY2023.3			FY2024.3
				1Q Results	1st Half	Full Year	1Q Results	1st Half	Full Year
				Results	Results	New Forecasts	Plan
		Start of term	240	240	240	243	243	243
	Japan	Openings	2	3	7	3	7	6
	Closures	2	2	4	0	2	1
		Increase/Decrease	0	1	3	3	5	5
		End of term	240	241	243	246	248	248
Directly		Start of term	21	21	21	21	21	21
Overseas	Openings	1	2	2	0	1	1
managed	Closures	0	0	2	0	0	0
facilities		Increase/Decrease	1	2	0	0	1	1
		End of term	22	23	21	21	22	22
		Start of term	261	261	261	264	264	264
	Total	Openings	3	5	9	3	8	7
	Closures	2	2	6	0	2	1
		Increase/Decrease	1	3	3	3	6	6
		End of term	262	264	264	267	270	270
Revenue-		Japan		611	632	683	755	765	749
sharing		Overseas		15	16	15	15	15	15
facilities		Total		626	648	698	770	780	764
Others		Total		7	9	10	14	15	29
	Facilities Total		895	921	972	1,051	1,065	1,063
【Amusement Facilities (Existing-store sales, YOY, Japan)】
	Apr.	May	Jun.	1Q	Jul.	Aug.	Sep.	2Q	1st Half
	(3 mo.)	(3 mo.)
FY2024.3	112.5%	100.1%	95.7%	102.6%
FY2023.3	110.7%	145.7%	126.6%	127.1%	108.5%	123.9%	119.3%	117.3%	121.6%
	Oct.	Nov.	Dec.	3Q	Jan.	Feb.	Mar.	4Q	2nd Half	Full Year
	(3 mo.)	(3 mo.)
FY2024.3
FY2023.3	109.7%	103.6%	101.3%	104.6%	109.5%	123.3%	111.3%	113.7%	109.2%	114.9%

*Figures are estimates based on management accounting.