Anime & Manga Offset Kadokawa Losses

Kadokawa Group Holdings, the parent company of businesses involved in the anime & manga field including Kadokawa Shoten, ASCII MediaWorks, Enterbrain, and Fujimi Shobo, has reported 1.854 billion yen (US $18.95 million) in stock securities losses during the first half of its 2008 fiscal year (April through September). The loss represents a 6.8% decline from 2007 first half revenue.

However, Kadokawa cites strong DVD sales of titles including Lucky Star, Junjo Romantica, and Keroro Gunso movie 3; Full Metal Panic Blu-ray disc sales; and sales of manga titles including Yotsuba to!, Lucky Star, MPD Psycho, and Shakugan no Shana as mitigating factors cushioning the financial loss.

Despite the first half loss, Kadokawa Group Holdings expects to end the 2008 fiscal year with a 100 million yen (US $1 million) profit.

Source: Anime News Network