Bandai Namco Reports Decline in Operating Profits Despite Record Sales

Bandai Namco, a prominent publisher, disclosed a significant decrease in operating profits, despite achieving the highest sales and income in its history for FY23. The company experienced a 22.1 percent decline in operating profits compared to the previous year. Although the revenue increased, profit margins were not as robust as before.

This year, Bandai Namco generated 1,050,210 million yen, marking a 6.1 percent rise from last year’s figures. However, operating income dropped to 90,682 million yen, with ordinary income at 104,164 million yen and final income at 101,493 million yen.

The sectors leading in earnings were the Toy and Hobby units, along with the Amusement sector. Conversely, the Digital Business sector, which includes video games, witnessed a downturn in profits.

Top performing games for the year included Elden Ring, Armored Core 6: Fires of Rubicon, and Tekken 8, which continued to draw significant player interest. Mobile gaming also contributed positively to Bandai Namco’s financial results.