Bandai Namco Sees Sales Up 55% Year-On-Year in Q1 FY2023

Bandai Namco has released its financial results for the first quarter of 2022, which ran from April through June, of the fiscal year that ends in March 2023 and is reporting a marked growth all around.

Here is a look inside the numbers:

• Net sales: ¥216 billion ($1.62 billion), up 21.5% year-on-year
• Operating profit: ¥44.4 billion ($334 million), up 64.3% year-on-year

• Net sales in the digital entertainment segment: ¥89.6 billion ($674 million), up 34% year-on-year
• Operating profit in the digital entertainment segment: ¥29.4 billion ($221 million), up 48% year-on-year
• Sales for home video games represented $304 million during Q1 FY2023, a 54% increase year-to-year
• Bandai Namco sold 11.4 million units across four titles released during the quarter, up from 10 million during same period in year prior

Bandai Namco stated that each of its businesses “quickly promoted various measures to adapt to changes in lifestyles and preferences of customers” during Q1 and that helped lead to a solid performances in digital business, and other areas.

“Profits also increased significantly due to strong repeat sales of home video games, which have high profit margins,” the company stated. “As a result of this strong Q1, net sales during Q2 are now expected to reach ¥430 billion ($3.23 billion) instead of ¥400 billion ($3 billion), with the revision “reflecting the significant progress in actual results and recent market environment for the first quarter.”