Broccoli Reports 70% Drop in Profits in 1st Half of Fiscal Year
posted on by Rafael Antonio Pineda
Media company Broccoli reported on Friday that its individual sales from the March 1 through August 31 time period as 2.252 billion yen (about US$20.13 million), a 19.17% decrease from the same period last year. The company's operating income is 99 million yen (about US$885,328), a 73.39% drop from the same period last year, with an operating profit of 85 million yen (about US$760,130), a 76.8% drop.
Operating profit from sales dropped from 13.15% during the same period last year to 3.77% this year. The company predicted that its operating income for the 12-month period from March 1, 2017 to February 28, 2018 would be 700 million yen (about US$6.25 million), but as of the halfway point the company is at 14.14% of that goal.
Broccoli is known for its media franchises Di Gi Charat, Galaxy Angel, Aquarian Age, Z/X Zillions of enemy X, Uta no Prince Sama, and Kamigami no Asobi, all of which have inspired anime adaptations. The company was also involved in the production for such anime as Pita-Ten, H2O ~Footprints in the Sand~, Psychic Force, and Sister Princess, among others. The company has also produced manga, video games, and card games. Broccoli previously owned the "Gamers" retail chain in Japan before selling it to Animate in 2011. The company also had retail and publishing operations in the United States through its Broccoli International USA subsidiary, which shut down in 2008.