TakaraTomy Profits Double thanks to Transformers
Posted: Wed Oct 17, 2007 5:48 pmNews site <a href="http://www.bloomberg.com" target="_blank">Bloomberg.com</a> have reported some good news for TakaraTomy, and all of their stockholders:
<i>Tomy Co. rose the most in 17 months on the Tokyo stock exchange after the Japanese toymaker and distributor doubled first-half profit on sales of ``Transformers'' toys and Nintendo Co.'s game players.
Net income was 1.5 billion yen ($13 million) in the six months ended Sept. 30, as sales rose 5.5 percent to 87 billion yen, the Tokyo-based company said yesterday. The shares gained 8.3 percent to 744 yen, the biggest advance since May 2006. </i>
Their stock rise is due in part to 6.9 Billion Yen worth of Transformers sales, more than TakaraTomy were expecting (they had anticipated 7 Billion Yen of sales through to march 2008).
To read the full Bloomberg report, please <a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aYkNr19CQAfg&refer=home" target="_blank">click here</a>.
<i>Tomy Co. rose the most in 17 months on the Tokyo stock exchange after the Japanese toymaker and distributor doubled first-half profit on sales of ``Transformers'' toys and Nintendo Co.'s game players.
Net income was 1.5 billion yen ($13 million) in the six months ended Sept. 30, as sales rose 5.5 percent to 87 billion yen, the Tokyo-based company said yesterday. The shares gained 8.3 percent to 744 yen, the biggest advance since May 2006. </i>
Their stock rise is due in part to 6.9 Billion Yen worth of Transformers sales, more than TakaraTomy were expecting (they had anticipated 7 Billion Yen of sales through to march 2008).
To read the full Bloomberg report, please <a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aYkNr19CQAfg&refer=home" target="_blank">click here</a>.