Bandai Namco Group has announced that it's changing its logo as well vision and purpose to better position itself in a highly competitive, and "rapidly changing" global market with diverse consumer interests and needs.
Bandai Namco released its financials results for the fiscal year ended March 31, 2021, and reported a slight 2.3% increase in sales year-on-year to reach ¥740.9 billion ($6.8 billion).
The company s operating profit grew 7.5% compared to the previous fiscal year, to ¥84.6 billion ($777 million).
Sales in its networking entertainment department which includes games grew 4.9% to ¥344 billion ($3.1 billion). Looking at Bandai Namco s forecasts, the company expects sales in that segment to reach ¥310 billion ($2.8 billion) during FY2022, a 9.9% decrease compared to FY2021.
Home video games alone represented ¥118.1 billion ($1.07 billion) during FY2021 compared to ¥99 billion ($902 million) the previous fiscal year a 19.2% increase year-on-year.
Unsurprisingly, most of Bandai Namco s net sales across all departments last fiscal year were located in Japan with a total value of ¥575 billion ($5.2 billion) in the country, which is 77.6% of the total sales.
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