Kotobukiya Reports Dip in Sales From Last Quarter, Still Predicts Overall Increase for Year
posted on by Karen Ressler
Japanese figure and model maker Kotobukiya revealed in its first quarter (July 1 and September 30) balance sheet on Tuesday that it saw a 28.3% decrease in sales from the same quarter last year. The company had 2.396 billion yen (about US$21 million) in sales last year but 1.718 billion yen (about US$15 million) this year.
The business saw an operating loss of 112 million yen (about US$986,000) for the quarter, compared to last year's operating profit of 202 million yen (about US$1.78 million), and an ordinary loss of 121 million yen (about US$1.07 million), compared to last year's ordinary profit of 172 million yen (about US$1.5 million). Overall the company had a net loss of 87 million yen (about US$766,000), as opposed to last year's net profit of 119 million yen (about US$1.05 million).
The company explained that it had fewer products for sale this quarter when compared to the same quarter last year, and that consumers were more conservative in spending due to natural disasters. The company highlighted its Frame Arms Girl franchise (pictured right) as a major contributor to its success last year. The anime's Blu-ray Discs and related products earned the company 330 million yen (about US$2.91 million) during the same quarter last year, but the franchise had fewer new plastic models for sale this year.
Kotobukiya is predicting that it will still increase its sales by 4.4% to 9.2 billion yen (about 81 million) for the year between July 1, 2018 and June 30, 2019. The company is also forecasting an increased net profit of 455 million yen (about US$4.01 million) for the year.
The Frame Arms Girl franchise will get a sequel anime film.