KK Takara Tomy

Latest Results (20.08.2024):

Net Sales

KK Takara Tomy reported net sales of ¥96.0 billion for the first half of fiscal year 2023, covering the period from April 1, 2023, to September 30, 2023. This represents a significant increase of ¥7.0 billion compared to the same period in the previous year. The growth was driven by strong performance in the toys and toy-related businesses, particularly in Japan and Asia.

Operating Profit

The company achieved an operating profit of ¥8.0 billion for the first half of fiscal year 2023, which is an increase of ¥2.0 billion from the same period last year. This improvement was attributed to higher net sales, a better cost of goods ratio due to reduced sea freight costs, and lower distribution expenses within SG&A expenses.

Regional Performance

In Japan, KK Takara Tomy saw net sales of ¥79.8 billion, up from ¥72.5 billion in the same period last year. However, the Americas, Europe, and Oceania faced challenging market conditions due to high interest rates and inflation, leading to a decline in sales in these regions. Asia, on the other hand, experienced strong growth with net sales of ¥29.3 billion, driven by the popularity of TOMICA and Pokémon products.

Profit Attributable to Owners

Profit attributable to owners of the parent company for the first half of fiscal year 2023 was ¥5.6 billion, an increase of ¥2.5 billion compared to the same period in the previous year. This growth was supported by increased gross profit from higher net sales and improved cost management.

Outlook

KK Takara Tomy remains optimistic about future growth, particularly with the launch of the BEYBLADE X anime in October, which is expected to be a hit during the New Year period. The company also plans to continue leveraging its strong performance in Japan and Asia while addressing challenges in other regions through cost management and strategic initiatives.