Takara In More Financial Trouble

Takara In More Financial Trouble

Saturday, October 9th, 2004 2:23pm CDT

Category: Site News
  Views: 13,482
Zinc Panic are reporting the following news on Takara's financial situation:

The Nikkei Shinbun reported today Takara's loss of ¥33 oku (about 30 million US$), after a market expectation of ¥9 oku profit. Takara's profits were ~ ¥15 oku in the same period last year. The bad news is attributed to weak toy sales and unprofitable business units such as the one managing Takara's Q-Car.

Initially strong overseas sales of Beyblade dropped off dramatically this year, and domestic sales of girls' toys were off.

Credit(s): Zinc Panic


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