Today Bandai Namco has announced its financial results for the third quarter of the still current fiscal year, a period that goes in relation to the days between October 1 and December 31. In general, these have not been very flashy and were generally flat across the board year after year.
But even if the company’s year- on- year results were broadly like this, the company’s gaming sector (Network Entertainment) has performed well. The annual sales have increased by 11.4% and have also seen a growth in profit of 30.9%.
As a result, the company has increased its forecasts in both sales and profits for the remainder of the fiscal year, despite the extraordinary loss of 13 billion yen it suffered in the fourth quarter from the restructuring of the business and the impact you saw due to the coronavirus pandemic.
This information will become effective on April 1 and the company will see a restructuring so that the games business (Network Entertainment) with the toys and hobbies will merge; will be renamed ” Entertainment Unit “.
Along with this, Bandai Namco has a new president: Masaru Kawaguchi, who has been with the company since 1983 and was a director of Bandai Namco Entertainment and Bandai Spirits in 2019 before becoming executive vice president in 2020; He will also become president on April 1.
” The Bandai Namco group will embark on a medium-term plan from April 2022, reflecting the new strategy in value change and lifestyles. From April 2021, each business will come together in a joint effort under the same Bandai Namco concept to Under the plan, the company will reorganize into a unit to reinforce its IP and strategies in the global market and will change its director structure. “
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” Under this new direction, Masaru Kawaguchi will be present and representative director who will guide the formulation of the plan, as well as the execution preparations and strategies when establishing the foundation of the business. Mitsuaki Taguchi will participate in the management as president and managing director of the group. , using the vision obtained as a representative director so far. “