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TakaraTomy Profits Double thanks to Transformers

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TakaraTomy Profits Double thanks to Transformers

Postby i_amtrunks » Wed Oct 17, 2007 4:48 pm

News 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>.
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Postby Tekka » Wed Oct 17, 2007 4:50 pm

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Awesome. Things look good for the future.
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Postby Cyber-Kun » Wed Oct 17, 2007 7:06 pm

Yea! Means more transformers!
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Postby Liege Evilmus » Wed Oct 17, 2007 7:11 pm

Well they are expensive!
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My Collection, updated 4/21(sorta)... viewtopic.php?f=4&t=35550&p=627727#p627727
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Postby Autobot032 » Wed Oct 17, 2007 7:37 pm

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If they become too big, they'll demand a premium for them. There's a positive and a negative to all of this.

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