BANDAI NAMCO (7832) Q2 2025 earnings summary

Executive summary

• Achieved record-setting first half results for FY2025.3, with net sales and profits significantly exceeding both prior year and forecasts, driven by hit products and global expansion of Japanese IP, especially in Digital and Toys and Hobby segments.

• Strategic focus on the IP axis strategy, global fan engagement, and sustainability under the ALL BANDAI NAMCO concept continues to drive performance.

• Upward revision of full-year forecasts, aiming for record-high earnings.

Financial highlights

• Net sales for 1H FY2025.3: ¥611.4B, up 21.8% year-over-year and above forecast.

• Operating profit: ¥113.7B, up 73.6% year-over-year and above forecast.

• Ordinary/recurring profit: ¥115.6B, up 56.3% year-over-year.

• Profit attributable to owners: ¥80.7B, up 54.7% year-over-year.

• Comprehensive income: ¥86.6B, up 14.5% year-over-year.

Outlook and guidance

• Full-year FY2025.3 net sales forecast raised to ¥1,150.0B, up 9.5% year-over-year and above previous forecast.

• Operating profit forecast increased to ¥160.0B, up 76.4% year-over-year and above previous forecast.

• Profit attributable to owners forecast at ¥110.0B, up 8.4% year-over-year.

• No revision to dividend projections; annual dividend expected at ¥60 per share.

• Management anticipates continued uncertainty in global markets and intensifying competition.