Bandai Namco announced its financial results for the first nine months of the fiscal year, related to the period between April 1 and December 31, 2022.
The results are positive across the board with the company reporting 743,187 million yen in sales, up 18.3% year-on-year. Operating profit was 106,203 million yen, up 15.2% year-on-year.
Speaking of the Digital Entertainment business, which includes video games, sales were 288,571 million yen, up 19.1% year-on-year, while operating profit was 46,642 million yen, up 23.9% year-on-year.
Sales of Elden Ring continued to be strong, despite the fact that it was released in the previous fiscal year, and it's cited as one of the reasons for positive financial performance. On top of that, games launched in the third quarter of the fiscal year were solid. Speaking of network content (mobile and browser games) mainstay IPs like Dragon Ball and One Piece did well.
The full-year outlook for the whole company is 940,000 million yen in sales and 128,000 million yen in operating profit, both figures are up year-on-year.
Looking at the gaming business, the sales split between home video games (consoles and PC) and network content (mobile and browser) was 125.4 million yen versus 140.7 million yen. Both are up year-on-year. The full-year forecast is 157.0 million yen for console games and 189.0 million yen for mobile games. While Bandai Namco expects the full-year performance of mobile games to be up year-on-year, the company doesn't expect console games to reach the massive 174.4 million yen result from last year as they likely won't be able to compete with the Q4 launch of Elden Ring.
Last, but not least, we learn that Bandai Namco has shipped 38.771 million units of games in the first nine months of the fiscal year, of which 15.959 million in Europe, 14.619 million in the Americas, and 8.133 million in Japan.
