BANDAI NAMCO Holdings Inc., First Half Ordinary Profit Increases by 56%, July-September Ordinary Profit Increases by 61%

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Wed Nov 6, 2024 11:35 am JST Earnings

7832 BANDAI NAMCO Holdings Inc. 【J-GAAP】

Earnings Report

BANDAI NAMCO Holdings Inc. <7832> [TSE-P] announced its financial results at noon (11:35) on November 6th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 115 billion yen, an increase of 56.3% compared to the same period last year. The progress rate against the 163 billion yen full-year plan was 70.9%, also surpassing the five-year average of 61.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 56.9% from the same period last year, reaching 47.4 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 61.4% from the same period last year, reaching 66.4 billion yen. The operating profit margin jumped from 13.5% in the same period last year to 21.1%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	477,620	81,607	92,365	66,557	100.9	72.2	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	502,002	65,479	73,931	52,167	79.0	71.0	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	611,391	113,670	115,553	80,727	123.4	70.9	Nov 6, 2024	J-GAAP
YoY	+21.8%	+73.6%	+56.3%	+54.7%	+56.1%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	610,000	112,000	114,000	80,000	122.3	11	Oct 23, 2024	J-GAAP
Apr - Sep, 2024 Results	611,391	113,670	115,553	80,727	123.4	11	Nov 6, 2024	J-GAAP
Revision Rate	+0.2%	+1.5%	+1.4%	+0.9%	+0.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	548,208	25,203	30,233	49,326	74.8	50	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	538,609	46,330	47,447	29,273	44.7	11	Nov 6, 2024	J-GAAP
YoY	-1.8%	+83.8%	+56.9%	-40.7%	-40.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	990,089	116,472	128,006	90,345	136.9	68.67	May 10, 2023	J-GAAP
Mar, 2024	1,050,210	90,682	104,164	101,493	153.9	60	May 9, 2024	J-GAAP
Mar, 2025 Guidance	1,150,000	160,000	163,000	110,000	168.1	22	Oct 23, 2024	J-GAAP
YoY	+9.5%	+76.4%	+56.5%	+8.4%	+9.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	277,190	37,490	41,198	30,381	46.0	13.5	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	270,033	12,803	15,699	8,231	12.5	4.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	278,175	12,400	14,534	41,095	62.3	4.5	May 9, 2024	J-GAAP
Apr - Jun, 2024	280,627	44,023	49,072	34,050	52.1	15.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	330,764	69,647	66,481	46,677	71.4	21.1	Nov 6, 2024	J-GAAP
YoY	+19.3%	+85.8%	+61.4%	+53.6%	+55.0%