News Kadokawa Group Holdings Report Net Loss for 1st Half
posted on 2008-10-30 14:56 EDT
Revenues for the first half of the current fiscal year of Kadokawa Group Holdings, the parent company of Kadokawa Shoten, ASCII Media Works, Enterbrain, Fujimi Shobo, and other anime and manga businesses, dropped 6.8% from the previous year's first half to 69.575 billion yen (about US$711.3 million). The first half the fiscal year began in April and ended in September. While the company's operating profit was 1.01 billion yen (US$10 million) and its ordinary profit was 1.487 billion yen (US$15.2 million), it wrote off a loss in securities to end up with a net loss of 1.854 billion yen (US$18.95 million). Despite the net loss at the halfway mark, Kadokawa Group Holdings projects a net profit of 100 million yen (US$1 million) at the end of the fiscal year.
The report cites DVD sales of the hit anime Lucky Star (pictured at right), Junjō Romantica (pictured at left), and Chō Gekijōban Keroro Gunsō 3: Keroro Tai Keroro - Tenkū Daikessen de Arimasu!, as well as the Blu-ray Disc sales of Full Metal Panic! for cushioning the loss. In manga, the hit titles included Yotsuba&! 8, Lucky Star 6, Mobile Suit Gundam: The Origin 17, MPD-Psycho 12, and Shakugan no Shana 5. Kadokawa was also helped by the cross promotion between the Haruhi Suzumiya, The Story of Saiunkoku, Shakugan no Shana, Spice and Wolf, Toaru Majutsu no Index, Toradora!, Kyōran Kazoku Nikki, and Best Student Council light novels and their anime adaptations.