The expansion for Bandai Namco Entertainment and FromSoftware’s Elden Ring, Shadow of the Erdtree, has significantly boosted the publisher’s earnings forecast.
Bandai Namco Entertainment has announced the revisions of the consolidated projections for the second quarter (six months) of the fiscal year ending March 31, 2025, which were announced on August 8, 2024, and the revisions of the consolidated projections for the fiscal year ending March 31, 2025, which were announced on May 9, 2024.
According to Bandai Namco, Shadow of the Erdtree, the downloadable expansion for Elden Ring, has become a hit in markets worldwide. Moreover, repeat sales for Elden Ring have also performed well. As a result, the company expects net sales, operating profit, recurring profit and profit attributable to owners of parent for the second quarter (six months) of the fiscal year ending March 31, 2025, to greatly exceed the projections for that period, which were announced on August 8, 2024.
The consolidated projections for the fiscal year ending March 31, 2025, have been revised from those announced on May 9, 2024. This revision is based on the second-quarter earnings significantly exceeding previous projections, along with current market conditions, sales trends, and marketing plans for products and services in the third quarter and beyond. Additionally, projections for recurring profit and profit attributable to owners of the parent company have also been adjusted, as shown in the table above. Moving forward, the Group will continue to strengthen initiatives under the All Bandai Namco concept, focusing on the IP axis strategy through collaboration across regions and businesses. More details will be provided by the company in its Consolidated Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2025, scheduled for release on November 6, 2024.
FromSoftware expects a similar revenue boost in its next fiscal year, mainly due to the success of Elden Ring: Shadow of the Erdtree. The development team at the studio is comprised of 423 employees, and is a part of Kadokawa, a public company in Japan.
