News: Taito financial report

July 07, 2005, 11:04 AM

by brandon, via Taito -
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There's a new english financial report up from Taito, outlining the company's profitability. Generally, sales were up a shallow 1.9%, but profit was down a staggering 51%. The consumer/console market showed slow growth, but still operated at a general loss. Arcade/medal game operation was more profitable though, but the opening of several new event locations led to the overall negative fiscal term, ending march 31st. The Type-X was mentioned as profitable, alongside a renewed announcement of Half-Life 2 arcade plans, as was the redesigned Karaoke rental system. The company also has plans to move into the movie and online gaming spaces. A close look at the major stockholders list reveals more interesting information - a 32% share is held by phone manufacturer Kyocera, and two (presumably related) individuals hold a large amount of Taito stock, while neither appears on the upper levels of the company masthead.

<Edit: changed the horribly wrong figures. To reemphasize, the term was not positive for taito.>