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TakaraTomy Profits Double thanks to Transformers

Transformers News: TakaraTomy Profits Double thanks to Transformers

Wednesday, October 17th, 2007 5:48PM CDT

Categories: Toy News, Press Releases, Company News
Posted by: i_amtrunks   Views: 19,193

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News site Bloomberg.com have reported some good news for TakaraTomy, and all of their stockholders:

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.


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 click here.
Credit(s): Bloomberg.com

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Re: TakaraTomy Profits Double thanks to Transformers (407213)
Posted by Tekka on October 17th, 2007 @ 5:50pm CDT
Awesome. Things look good for the future.
Re: TakaraTomy Profits Double thanks to Transformers (407434)
Posted by Cyber-Kun on October 17th, 2007 @ 8:06pm CDT
Yea! Means more transformers!
Re: TakaraTomy Profits Double thanks to Transformers (407440)
Posted by Liege Evilmus on October 17th, 2007 @ 8:11pm CDT
Well they are expensive!
Re: TakaraTomy Profits Double thanks to Transformers (407480)
Posted by Autobot032 on October 17th, 2007 @ 8:37pm CDT
If they become too big, they'll demand a premium for them. There's a positive and a negative to all of this.

Be careful what you wish for.

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