Namco Bandai Holdings Annual Report 2011

Bandai Namco’s 2011 financial results demonstrate a decisive turnaround after the sizable loss recorded in the previous year. Net sales rose 4 % to ¥394 billion, while operating income surged 767 % to ¥16.3 billion and a modest profit of ¥1.8 billion was posted after a ¥29.9 billion deficit. The recovery was anchored by a revitalised Toys & Hobby segment, whose sales increased 6 % to ¥158 billion, and a newly profitable Content segment, which posted a 7.4 % sales increase to ¥179.9 billion and swung to ¥3.1 billion in segment income. Although the Amusement‑Facility segment saw sales dip 4.6 % to ¥62.3 billion, efficiency measures lifted its segment income by more than five‑fold to ¥1.8 billion.

Growth drivers included long‑standing character franchises such as Mobile Suit Gundam, Kamen Rider and POWER RANGERS, alongside a new adult‑collectible line projected to generate ¥10 billion in FY2012. Cross‑divisional initiatives, exemplified by the successful Kamen Rider OOO launch, reinforced the domestic market, which still accounts for roughly 90 % of revenue, while overseas performance lagged.

The company’s governance framework features nine directors—three independent—and four statutory auditors, supported by committees overseeing internal control, risk‑compliance, information security and CSR. Environmental, social and economic responsibilities are pursued through projects like “BANDAI NAMCO Forest,” packaging‑reduction efforts, disability employment and cultural support.

Financially, total assets contracted 5.4 % to ¥308 billion and the equity ratio slipped to 68.8 %, yet cash flow from operations more than doubled to ¥22.6 billion, delivering a current ratio of 245 % and an interest‑coverage ratio