Hi Dennis,
Thanks for your interest in the order. I am trying to drum up
local interest, but so far am getting replies of "tama-what?"
It sounds like you found the online company financial information
I just found at bandai.co.jp (Bandai
Co.'s investor info page). Here are some highlights:
consolidated statement of income:
millions of yen thousands of us dollars
96 95 94
net sales 218,265 234,994 180,336 2,052,326
cost of sales 140,030 154,036 128,966 1,316,690
gross profit 78,235 80,958 51,370 735,636
s, g & a 57,575 54,912 41,380 541,374
net income 10,364 11,187 (1,861) 97,456
per share:
net income 225.84 246.39 (41.17) 2.12
dividends 24.00 20.00 20.00 0.23
consolidated balance sheet:
millions of yen thousands of us dollars
96 95
cash 41,368 30,390 388,984
inventories 8,005 7,090 75,268
total current
assets 122,166 121,941 1,148,715
total assets 208,732 197,996 1,962,687
total current
liabilities 61,835 70,221 581,428
long-term
debt 37,542 29,151 353,000
Shareholders' Equity
Common Stock, par value 50 yen per share:
Authorized: 100,000,000 shares
Issued: 1996: 46,415,265 shares
Issued: 1995: 45,820,585 shares
21,684 20,681 203,892
total shareholder's equity - net:
105,541 94,694 992,392
Total liabilities and shareholders' equity
208,732 197,996 1,962,687
I can't say the financials look great, and I haven't answered the
question of how big a percentage of Bandai's business is
tamagotchis. The toy may be a better buy than the stock :-) The
VERY low liquidity of the ADR also bothers me. I don't know if
this is because the general public in the States doesn't know
about tamagotchis yet or if it's because investors in the know
know that Bandai is in bad enough shape that tamagotchis won't
help it. I wish we could see charts of the company's earnings
and stock price around the time of the Power Rangers craze.
I think I'll stay on the sidelines for a while and see what happens.
Meanwhile, I also found their mailing address to get a copy of
their annual report and a company brochure and a quarterly
newsletter. If anyone is interested, the address is:
Public Relations Section
Bandai Co., Ltd.
5-4, Komagata 2-chome
Taito-ku, Tokyo 111-81
Japan
Best regards,
Kirk |
