Bandai Namco achieves record Q1 sales, but Digital segment operating profit drops 30.9%

Bandai Namco achieved record Q1 sales overall, with a 45.9% increase in sales and a 25.4% rise in profit for the Toys and Hobby segment. The Amusement facilities segment also contributed significantly, with a 7.6% year-on-year increase in net sales. However, the Digital segment, which includes gaming, saw a decline in both sales (down 15.6% to ¥90.9 billion) and profit (down 30.9% to ¥15 billion).

This decline can be attributed to fewer title releases compared to the same period last year, excluding platform and region-localised versions. Despite this, the Home Console Game segment sold 6.9 million units, with two new titles released this quarter. Bandai Namco has revised its half-year forecast for the Digital Contents segment, projecting sales to increase by 10% to ¥200 billion, representing a decrease year-on-year.

The company plans to reassess its full-year results based on market environment changes and fan needs, as well as trends of major home console titles.

Brief written by urgent.news from GamesIndustry's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.