News
Kadokawa Group Holdings Report Net Loss for 1st Half
posted on by Egan Loo
Revenues for the first half of the current fiscal year of Fujimi Shobo, and other anime and manga businesses, dropped 6.8% from the previous year's first half to 69.575 billion yen ($711.3 million). The first half the fiscal year began in April and ended in September. While the company's operating profit was 1.01 billion yen (US$10 million) and its ordinary profit was 1.487 billion yen (US$15.2 million), it wrote off a loss in securities to end up with a net loss of 1.854 billion yen (US$18.95 million). Despite the net loss at the halfway mark, Kadokawa Group Holdings projects a net profit of 100 million yen (US$1 million) at the end of the fiscal year.
The report cites DVD sales of the hit anime Best Student Council light novels and their anime adaptations.
Source: animeanime.jp
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© Shungiku Nakamura/Kadokawa Shoten
© 2008 Shungiku Nakamura, Kadokawa Shoten/Romantica Club!!
© Miyako Fujisaki, Shungiku Nakamura/Kadokawa Shoten
