Bandai Namco Holdings surged in afternoon trading. It raised its consolidated forecast for the six-month period ending September, with revenue lifted from ¥610 billion to ¥690 billion, operating profit from ¥84 billion to ¥124 billion and net profit from ¥60 billion to ¥90 billion.
According to market news from Kabutan, Bandai Namco Holdings rose further in afternoon trading after raising its consolidated forecast for the six-month period ending September. Revenue was raised from the previous forecast of ¥610 billion to ¥690 billion, operating profit from ¥84 billion to ¥124 billion and net profit from ¥60 billion to ¥90 billion. The upward revision, which changed the outlook from lower profit to higher profit, was reportedly well received. The full-year forecast was left unchanged.
In its first-quarter results, the company cited strong performance across the Toy and Hobby business categories in Japan and overseas as a factor, with products and services featuring established IP franchises such as the Gundam series, DRAGON BALL and ONE PIECE demonstrating their presence.