TakaraTomy Profits Double thanks to Transformers
Posted by i_amtrunks
Oct 17, 2007 at 5:48pm CDT
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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.
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Re: TakaraTomy Profits Double thanks to Transformers
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Comment by Tekka
Oct 17, 2007
Awesome. Things look good for the future.
Re: TakaraTomy Profits Double thanks to Transformers
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Comment by Cyber-Kun
Oct 17, 2007
Yea! Means more transformers!
Re: TakaraTomy Profits Double thanks to Transformers
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Comment by Liege Evilmus
Oct 17, 2007
Well they are expensive!
Re: TakaraTomy Profits Double thanks to Transformers
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Comment by Autobot032
Oct 17, 2007
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.
Be careful what you wish for.
