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Bandai Profits Down

posted on 2005-05-11 20:41 EDT
As expected, Bandai Co. of Japan has announced that its net profits for the fiscal year ending in March were down significantly (21%) compared to the previous year. Bandai blamed poor performance in America at Bandai America (BAI) as a significant contributor to its weaker profits.

Nonetheless, Bandai was still profitable, earning 11.23 billion yen (US$106 million) in net profits.

No mention of Bandai Entertainment (BEI), which is a subsidiary of BAI, was made.

BAI is expected to release fewer properties and focus more on strong properties such as Power Rangers in 2005.

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