Bandai Namco Holdings Inc.
Consolidated Financial Report for the First Quarter of
the Fiscal Year Ending March 31, 2025

August 8, 2024

DISCLAIMER- Bandai Namco Holdings Inc. provides this translation for your reference and convenience only and without any
warranty as to its accuracy or otherwise. In the event of any discrepancy, the original “Kessan Tanshin” inJapanese shall prevail.
- This document contains forward-looking statements that are based on managementʼs estimates, assumptions
and projections at the time of publication. A number of factors could cause actual results to differ materially fromexpectations.

Bandai Namco Holdings Inc.
Stock Listing: Tokyo Stock Exchange
Code Number: 7832
(URL: https://www.bandainamco.co.jp/)
August 8, 2024

Consolidated Financial Report for the First Quarter of
the Fiscal Year Ending March 31, 2025 (Japanese GAAP)
Representative:
Masaru Kawaguchi, President and Representative Director
Contact:
Yuji Asako, Director
Scheduled starting date for dividend payments:–
The Financial Highlights of the Financial Results:
Yes
The information session of the Financial Results:
Yes (for institutional investors and analysts)* Figures are in millions of yen, rounded down
1. Consolidated Results for the First Quarter of the Fiscal Year Ending March 31, 2025
(April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results (For the Three Months Ended June 30, 2024)

First Quarter of the Fiscal YearEnding March 31, 2025
First Quarter of the Fiscal Year
Ended March 31, 2024

Net sales¥ million
280,627%24.8

224,812

4.0

Profit attributable toowners of parent¥ million%
34,05056.3(Percentages indicate year-on-year changes.)
Operating profit
Recurring profit¥ million%¥ million%
44,02357.3
49,072
49.9
27,989(37.0)

Basic earnings per share

32,733(36.2)

Diluted earnings per
share¥First Quarter of the Fiscal Year
52.05
Ending March 31, 2025
First Quarter of the Fiscal Year
21,786(41.1)
33.01
Ended March 31, 2024
(Note) Comprehensive income: 41,804 million yen [3.4%] (FY2025.3 1Q), 40,431 million yen [(21.1)%] (FY2024.3 1Q)(2) Consolidated Financial Position
Total assets
Net assets
Equity ratio¥ million¥ million%
As of June 30, 2024
973,318
708,908
72.8
As of March 31, 2024
971,838
699,823
72.0(Reference) Equity: 708,578 million yen (as of June 30, 2024), 699,517 million yen (as of March 31, 2024)¥––

2. Cash Dividends
End offirst quarter
Fiscal Year Ended March 31, 2024
Fiscal Year Ending March 31, 2025

End ofsecond quarter–¥10.00–

Annual cash dividends
End ofFiscalthird quarteryear-end–¥50.00Total¥60.00Fiscal Year Ending March 31, 2025
¥11.00–¥11.00¥22.00(Projections)(Note) Revision to the projections of cash dividends for the Fiscal Year Ending March 31, 2025: No
Concerning the projected amounts of the end of second quarter and year-end cash dividend for the fiscal year ending March
31, 2025, the base dividend is stated based on the Company’s basic policy on the distribution of profits. The year-end cash
dividend for the fiscal year ending March 31, 2025, will be considered by the Company based on the basic policy on the
distribution of profits.
3. Consolidated Projections for the Fiscal Year Ending March 31, 2025 (April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Net sales
OperatingRecurring
Profit attributable to Basic earnings
profitprofitownersper shareof parent¥ million%¥ million%¥ million%¥ million%¥
Six Months Ending
555,000
10.6
82,00025.2
88,00019.0
60,00015.0
91.72
September 30, 2024
Full Fiscal Year
1,080,000
2.8
115,000
26.8
119,000
14.2
81,000(20.2)
123.82(Note) Revision to the projections: Yes
Consolidated projections for the six months ending September 30, 2024 (announced on May 9, 2024) are revised inthis document. For details of the revisions to the consolidated projections, please refer to the section of “(3) Explanation
Regarding Consolidated Projections and Other Forward-Looking Statements” of “1. Overview of Operating Results andOthers” on page 3 of the attached material.
* Notes(1) Significant Changes in the Scope of Consolidation during the Period: No(2) Application of Special Accounting for Preparing the Quarterly Consolidated Financial Statements: Yes(Note) For more details, please refer to the section of “(3) Notes to Consolidated Financial Statements, (Notes on Special
Accounting for Preparing the Quarterly Consolidated Financial Statements)” of “2. Consolidated Financial Statements andSignificant Notes” on page 12 of the attached material.
(3) Changes in Accounting Policies, Changes in Accounting Estimation and Restatementa) Changes in accounting policies due to revisions to accounting standards and other regulations: Yesb) Changes in accounting policies due to other reasons: Noc) Changes in accounting estimation: Nod) Restatement: No(Note) For more details, please refer to the section of “(3) Notes to Consolidated Financial Statements, (Notes on Changes in
Accounting Policies)” of “2. Consolidated Financial Statements and Significant Notes” on page 12 of the attached material.
(4) Number of Issued Shares (Common Shares)a) Total number of issued shares at the end of the period (including treasury shares)
660,000,000 shares
As of June 30, 2024
666,000,000 shares
As of March 31, 2024b) Number of treasury shares at the end of the period
As of June 30, 2024
5,814,364 shares
11,813,756 shares
As of March 31, 2024c) Average number of shares during the period (cumulative from the beginning of the fiscal year)
For the First Quarter of the Fiscal Year Ending March 31, 2025
654,186,092 shares
660,050,229 shares
For the First Quarter of the Fiscal Year Ended March 31, 2024

* Review of the Japanese-language originals of the attached consolidated financial statements by certified public accountants or an
audit firm: Yes (voluntary)* Explanation on appropriate use of the projections of business results, etc.
- Forward-Looking Statements:
This document contains forward-looking statements that are based on managementʼs estimates, assumptions and projections at thetime of publication and those forward-looking statements do not purport to be a promise by the Company to achieve such results. A
number of factors could cause actual results to differ materially from expectations. Please refer to the section of “(3) Explanation
Regarding Consolidated Projections and Other Forward-Looking Statements” of “1. Overview of Operating Results and Others” onpage 3 of the attached material for matters pertaining to the earnings projections.
- To Obtain Financial Highlights:
The Financial Highlights will be posted on the Company’s website on August 8, 2024.

Attached Material
Index
1. Overview of Operating Results and Others ........................................................................ 2(1) Overview of Operating Results for the Period .................................................................................................................. 2(2) Overview of Financial Position for the Period .................................................................................................................. 3(3) Explanation Regarding Consolidated Projections and Other Forward-Looking Statements .......................................... 3

2. Consolidated Financial Statements and Significant Notes ................................................... 8(1) Consolidated Balance Sheets ............................................................................................................................................ 8(2) Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income ........................... 10(Consolidated Statements of Operations) ...................................................................................................................... 10(Consolidated Statements of Comprehensive Income).................................................................................................. 11(3) Notes to Consolidated Financial Statements ................................................................................................................. 12(Notes on Changes in Accounting Policies) ..................................................................................................................... 12(Notes on Special Accounting for Preparing the Quarterly Consolidated Financial Statements) ................................ 12(Notes on Segment Information, Etc.)............................................................................................................................. 13(Notes on Significant Changes in the Amount of Shareholdersʼ Equity)........................................................................ 15(Notes on Premise of Going Concern) ............................................................................................................................. 15(Notes on Quarterly Consolidated Statements of Cash Flows) ...................................................................................... 15(Notes on Significant Subsequent Events) ..................................................................................................................... 16
Independent Auditor’s Report on Review of Interim Consolidated Financial Statements ........................................... 17- 1 -1. Overview of Operating Results and Others(1) Overview of Operating Results for the Period
During the first quarter (three months) of the fiscal year ending March 31, 2025, whereas employment and income
improved in Japan, consumer spending was adversely affected by factors that include rising raw material and fuel prices
along with escalating prices due to foreign exchange rate fluctuations. Meanwhile, uncertainties regarding the future
persisted in Japan and overseas due to factors that include changes in the social situation and political landscape.
Under such circumstances, from April 2022, with the introduction of our Purpose, “Fun for All into the Future,” as theultimate definition of the Group and the introduction of a new logo, the Bandai Namco Group began a new three-year
Mid-term Plan. In the Mid-term Plan, in order to achieve the aims of the Bandai Namco Group for the medium to longterm based on our Purpose, “Fun for All into the Future,” we have established a Mid-term Vision of “Connect with Fans”
that aims to constantly meet the needs of global IP fans, a wide range of business partners, Group employees, andcommunities around the world and to foster broad, deep, and multifaceted connections. As priority strategies, we arepromoting our IP axis strategy, personnel strategy, and sustainability. By propelling the priority strategies, we will takeadvantage of the worldview and unique characteristics of IP (Intellectual Property: meaning characters and otherintellectual property) to further evolve the IP axis strategy that aims to maximize IP value through the provision of the
optimal products and services at the optimal times. We will also strengthen the global development of the IP axis
strategy and enhance our sense of unity and collective strength under the ALL BANDAI NAMCO concept in order toachieve continuous growth.
In the first quarter (three months), with the IP axis strategy at the core, the Group strengthened initiatives unified
under the ALL BANDAI NAMCO concept through collaboration across regions and businesses. On the business side,
ELDEN RING SHADOW OF THE ERDTREE, the major downloadable content of the home console game ELDEN RING, was ahit, contributing to the operating results in the Digital Business. Moreover, the Toys and Hobby Business, products forthe mature fan base (adults), trading card games and other card products, capsule toys and other products continued
to be popular around the world.
Consequently, the Group’s consolidated operating results for the first quarter (three months) were net sales of
280,627 million yen (year-on-year increase of 24.8%), operating profit of 44,023 million yen (year-on-year increase of
57.3%), ordinary profit of 49,072 million yen (year-on-year increase of 49.9%), and profit attributable to owners of parentof 34,050 million yen (year-on-year increase of 56.3%).
Operating results by segment are as follows.
Digital Business
As for the Digital Business, in network content, major app titles such as the DRAGON BALL series and ONE PIECE
continued to show stable performance around the world due to ongoing measures for users, and a new app title, THE
IDOLM@STER Gakuen got off to a strong start. In home console games, results were well-performed by worldwide
success of ELDEN RING SHADOW OF THE ERDTREE, the major downloadable content of the home console game ELDEN
RING. In the Digital Business, we will build a well-balanced and optimal title portfolio in looking toward the next Midterm Plan, strengthen the development system, and aim to develop titles to meet the expectations of our fans with anemphasis on quality.
As a result, net sales in the Digital Business were 106,309 million yen (year-on-year increase of 56.2%), and segment
profit was 14,731 million yen (year-on-year increase of 453.5%).
Toys and Hobby Business
As for the Toys and Hobby Business, we continued to perform well amid growing popularity of Japanese IP in the
global market driven in part by proliferation of video streaming, due to efforts that have involved the expansion of ourcategories of business around the world, expanding touch points through real events and stores, and strengthening
production operations. Specifically, products for the mature fan base such as model kits of the Gundam series, andcollectible figures continued to perform favorably due to the successful outcomes produced by sales, marketing, andexpansion of the product lineup. In addition, card products such as trading card games of ONE PIECE and the DRAGONBALL series, capsule toys, confectionery products, and food products contributed to business performance due to the
expansion of product lineups, target groups, and regions of operation, as well as the strengthening of touch points withcustomers. In the Toys and Hobby Business, we keep advancing global business development as well as strengthening
our production operations, sales networks, and other aspects that bolster expansion.
As a result, net sales in the Toys and Hobby Business were 132,815 million yen (year-on-year increase of 10.3%), andsegment profit was 26,957 million yen (year-on-year increase of 14.1%).
- 2 -IP Production Business
As for the IP Production Business, we worked toward increasing awareness of our IP by screening the theatrical
production Mobile Suit Gundam SEED FREEDOM in more nations and regions, which led to favorable performance of theGroup’s products and services. The segment also achieved upbeat results from video streaming and its license businesswith BLUELOCK, which released new video works, as well as the Gundam series, the LoveLive! series, IDOLiSH7, and That
Time I Got Reincarnated as a Slime. Moreover, sales associated with live events and related goods performed wellaccompanying mounting demand for live entertainment. Going forward, the IP Production Business continues tostrengthen its creation of quality IP centered on the IP axis strategy through visual and musical media.
As a result, net sales in the IP Production Business were 17,503 million yen (year-on-year increase of 16.8%), andsegment profit was 2,495 million yen (year-on-year increase of 135.6%).
Amusement Business
As for the Amusement Business, net sales for existing amusement facilities in Japan increased to 105.9% year on year.
In addition, the development of stores unique to Bandai Namco based on collaboration with the Group’s products andservices, such as Bandai Namco Cross Stores and GASHAPON Department Stores, performed well in Japan and overseas.
In arcade games, sales of the new Wangan Midnight MAXIMUM TUNE 6RR PLUS were strong, but differences in the productlineup compared to the same period of the previous year affected results. We further enhance the role of touch points
that connect the Group’s products and services with fans in the Amusement Business, while continuing our efforts toimprove efficiency in consideration of changes in the external environment, such as rising fuel prices.
As a result, net sales in the Amusement Business were 33,027 million yen (year-on-year increase of 16.9%), andsegment profit was 2,774 million yen (year-on-year decrease of 12.1%).
Other Businesses
Other Businesses consist of companies that conduct businesses such as logistics support and other kinds ofadministration and operational support for each of the Group companies. We have been making efforts to manage suchoperations related to Group support in an efficient manner.
Net sales in the Other Businesses were 8,307 million yen (year-on-year increase of 2.6%), and segment profit was 342
million yen (year-on-year decrease of 28.8%).
(2) Overview of Financial Position for the Period
At the end of the first quarter of the fiscal year ending March 31, 2025, total assets stood at 973,318 million yen, an
increase of 1,480 million yen from the end of the previous fiscal year. The main factors were increases of 25,776 million
yen in notes and accounts receivable - trade, and contract assets, and 7,586 million yen in property, plant and equipment,
despite decreases of 27,805 million yen in cash and deposits mainly due to cash dividends paid, and 4,327 million yen in
investment securities.
Total liabilities amounted to 264,410 million yen, a decrease of 7,604 million yen from the end of the previous fiscal
year. The main factors were decreases of 6,472 million yen in income taxes payable, and 11,616 million yen in othercurrent liabilities mainly due to a decrease in accounts payable - other, despite an increase of 12,922 million yen in notes
and accounts payable - trade.
Total net assets stood at 708,908 million yen, an increase of 9,084 million yen from the end of the previous fiscal year.
The main factors were increases of 1,331 million yen in retained earnings, 9,941 million yen in cancellation of treasury
shares, and 10,225 million yen in foreign currency translation adjustment, despite decreases of 9,942 million yen incapital surplus and 3,401 million yen in valuation difference on available-for-sale securities.
As a result, the equity ratio became 72.8% compared with 72.0% at the end of the previous fiscal year.
(3) Explanation Regarding Consolidated Projections and Other Forward-Looking Statements
Looking ahead, the Group expects uncertainty to continue in various regions around the world. We also expect thechanges in the environment surrounding us such as the market as well as customer lifestyles and preferences to become
even more intense.
Under these circumstances, adapting to escalating competitiveness in global markets and diversification in lifestyles
and preferences of customers, in line with our IP axis strategy, the Bandai Namco Group will enhance sense of unity andcollective strength under the ALL BANDAI NAMCO concept, while utilizing the characteristics of each business. From April
2022, with the introduction of our Purpose, “Fun for All into the Future,” as the ultimate definition of the Group and theintroduction of the new logo, to maintain continuous growth over medium to long term for the aims under our Purpose,
the three-year Mid-term Plan has started.
- 3 -

1)

Formulation of Bandai Namcoʼs Purpose, “Fun for All into the Future,” and introduction of the new logo

From April 2022, we have established our new Purpose, “Fun for All into the Future,” as the ultimate definition of theGroup, conveying the reason for our existence, why we conduct our businesses and corporate activities, and themeaningfulness we derive from working at Bandai Namco Group. What we believe to be particularly important elements
in our Purpose, “Fun for All into the Future,” are the ideas of “Connecting and working together to create things” and wewill achieve “Fun for All into the Future” by Bandai Namco Group and our fans connecting through dreams, fun andinspiration. Furthermore, the Group CEO’s desire to promote “Fun for All into the Future” is expressed in the phrase,“Creating a world of smiles and happiness together,” and we will spread this message together with Bandai Namco’s
Purpose.
<Bandai Namcoʼs Purpose>

In April 2022, we introduced the new logo, which expresses the spirit of our Purpose, “Fun for All into the Future.” Allcompanies with “Bandai Namco” in their names use this logo, and companies with and without “Bandai Namco” in theirnames display this new Group logo on all their products and services, in principle. This enables us to bring together thevalue of all our products, services, and labels under one logo, make the Group’s sense of unity and its total capabilities
appeal strongly, and elevate the brand value of the Bandai Namco Group in the global market.
<New logo>

2)

Our aims driven by our Purpose “Fun for All into the Future”

In accordance with the Purpose, “Fun for All into the Future,” the Bandai Namco Group aims to connect with IP fans,a wide range of business partners, Group employees, and communities around the world. We strive to connect more
broadly with new fans and more deeply with current fans. In addition, we aim to foster multifaceted connections among
current fans and new fans as well as communities of fans. In fostering connections with and among various fans, ourhighest priority is the quality of the connections. Under the Mid-term Plan, we advance a variety of strategies andinitiatives focusing on broad, deep, and multifaceted connections with fans and on the quality of those connections.

- 4 -3) Mid-term Vision

In order to achieve the aims of the Bandai Namco Group based on our Purpose, “Fun for All into the Future,” under
the Mid-term Plan, we strive to constantly meet the needs of global IP fans, a wide range of business partners, Group
employees, and communities around the world and to foster broad, deep, and multifaceted connections.
4)

Main strategies and investment plan

IP axis strategy
The IP axis strategy, which is the Bandai Namco Group’s strength, is the core of the Mid-term Plan.
We aim for sustainable growth by implementing new initiatives to foster broad, deep, and multifaceted
connections with fans around the world; by accelerating evolution in the IP axis strategy; and by working to build
businesses as we work together under the ALL BANDAI NAMCO concept in regions around the world.
・ IP x Fans (connecting with fans through IP): New framework for connecting with fans
Based on the IP axis, Bandai Namco develops an IP Metaverse as a new framework for connecting with fans. In
this IP Metaverse, we are anticipating virtual spaces that will enable customers to enjoy a wide range ofentertainment surrounding IP, as well as frameworks that leverage Bandai Namco’s distinctive strengths to fusephysical products and venues with digital elements. We are aiming for open frameworks that provide venues forconnections with and among fans and business partners. Through the IP Metaverse, we establish communities
among Bandai Namco and fans, as well as among fans themselves. Through these communities and content, webuild broad, deep, multifaceted connections that continue for long periods of time, and we focus on the quality of
those connections. In this way, we work to maximize IP value over the medium to long term.
・ IP x Value (enhancing IP value): Accelerating evolution in the IP axis strategy
We leverage outlets for a wide range of products and services as well as our strengths in facilitating collaboration
among physical and digital elements, and we redefine the optimal IP axis strategy for IP fans and for IP itself. In theseways, we aim to accelerate evolution in the IP axis strategy.
・ IP x World (connecting the world through IP): Building businesses under the ALL BANDAI NAMCO concept
To work together and advance our strategies under the ALL BANDAI NAMCO concept in regions worldwide, we
implemented such initiatives as organizational restructuring and base consolidation around the world. Under thisALL BANDAI NAMCO concept, we work to build businesses in each region.
・ Investment plan for accelerating evolution in the IP axis strategy
Over the three years of the Mid-term Plan, we are implementing a total of 40.0 billion yen in strategic investment
to accelerate evolution in the IP axis strategy.
Strategic investment to maximize IP value: 25.0 billion yen
Investment to develop the IP Metaverse:
15.0 billion yen
Personnel strategy: Developing diverse human resources
In accordance with our Purpose, “Fun for All into the Future,” the Group strives to be a corporate group with
“Same Spirit, Diverse Talents,” where diverse people with different skills, individual characteristics and values canthrive. We further focus on recruiting and promoting individuals regardless of whether they are new graduates or
mid-career hires and regardless of gender, age, nationality, race, religion, sexual orientation, or other personal
characteristics. In addition, we focus on developing various systems and environments that enable a diverse array ofpeople to thrive and work in a way that is both physically and mentally healthy. Under the Mid-term Plan, we promote
initiatives such as those that support challenges taken on by employees and that develop human resources who
promote the IP axis strategy on a global scale, while at the same time promoting measures for new and diverse ways
to work. In addition, we will actively promote collaboration and cooperation with people outside the Company.
Sustainability: Connecting to smiles into the future
Under the “Purpose, ‘Fun for All into the Future,’” and “Bandai Namco Group Sustainability Policy,” the Grouphas identified five themes that particularly require focused efforts as material issues. We are promoting various
specific action plans linked to our businesses, such as initiatives to eliminate petroleum-derived plastics and thecollection and recycling of model kits runners* and empty capsules. Furthermore, in order to address the problems- 5 -related to the natural environment that society is faced with, we have set targets for the reduction of CO2 emissions
from the use of energy as well as steps to achieve them and strive to advance our efforts for decarbonization.
* Runners: Disposable frames that hold parts of plastic models<Bandai Namco Group’s Sustainability Policy>
Based on the IP axis strategy, the Bandai Namco Group works together with fans to advance sustainability
activities that focus on the social issues that the Group should address.
<Material Issues that Bandai Namco Group has identified>Harmonious coexistence with the natural environmentProvision of appropriate products and services



Appropriate utilization and protection of intellectual property



Establishment of work environments that facilitate mutual respectHarmonious coexistence with communities

In addition, on November 1, 2023, the Bandai Namco Group Human Rights Policy was established, which clearlystipulates the Bandai Namco Group’s policy regarding respect for human rights. Going forward, we will fulfill our
responsibility to respect the human rights of all stakeholders involved in the Group’s business activities by aiming tocontinue to create a brighter future with people around the world through entertainment that awakens our humanity
and connects us with others, with society, and with the world, as represented by Bandai Namco’s Purpose “Fun for
All into the Future.”
5)

System for promotion of the Mid-term Plan

・ Strengthening the governance system of Bandai Namco Holdings
The Company transitioned to a company with an audit and supervisory committee, in order to strengthen its
corporate governance system and further enhance corporate value through speedy decision-making and businessexecution.
・ Partial changes of the Unit structure
From April 2022, we restructured the IP Production Unit and also integrated the Visual and Music Business andthe Creation Business into the IP Production Business. In the IP Production Unit, Bandai Namco Filmworks Inc. serves
as a business management company upon having combined three companies that engage in the visual businesswithin the IP Production Unit, namely SUNRISE INC., the visual business of Bandai Namco Arts Inc., and Bandai
Namco Rights Marketing Inc.
6)

Numerical targets in the Mid-term Plan

・ Fiscal year ending March 31, 2025: Numerical targets
Consolidated net sales:
1,100.0 billion yen
Consolidated operating profit:
125.0 billion yen
ROE:
12% or more
* The numerical targets (consolidated net sales and consolidated operating profit) for the fiscal year ending
March 31, 2025 have been revised as shown in the consolidated projections for the fiscal year ending March
31, 2025 in this report.
In the future, the Bandai Namco Group aims to constantly meet the needs of global IP fans, a wide range of business
partners, Group employees, and communities around the world and to foster broad, deep, multifaceted connection, andeach business around the world will further work as one under the ALL BANDAI NAMCO concept on the priority strategies,
consisting of the IP axis strategy, Personnel strategy, and Sustainability, under the Mid-term Plan.
For the consolidated projections for the second quarter (six months) of the fiscal year ending March 31, 2025, net
sales and operating profit in the consolidated projections announced on May 9, 2024 have been revised in light of thesignificant progress seen in the actual results due to strong performance for each business for the first quarter (threemonths) of the fiscal year ending March 31, 2025, the current trends of its businesses, and the marketing plans of the- 6 -products and services in the second quarter, etc. As part of these changes, projections in ordinary profit and profit
attributable to owners of parent also have been revised as stated in the table below.
Furthermore, the consolidated projections for the full fiscal year ending March 31, 2025 have not been reviewed. The
full-year consolidated projections will be carefully examined based on changes in the market environment and thepreferences of fans around the world, and the market trends such as the increasingly competitive environment, as wellas in consideration of sales trends for major home console game title planned in the third quarter and thereafter, trends
for the Christmas and New Year selling season and other factors.
Revisions to consolidated projections for the second quarter (six months) of the fiscal year ending March 31, 2025
(April 1, 2024 to September 30, 2024)
Net sales

Operating profit

Ordinary profit

Profitattributable toowners of parent

Basic earnings
per share¥ million¥ million¥ million¥¥ million

Previous projections (A)515,000

55,00057,50040,000

61.14

Revised projections (B)555,000

82,00088,00060,00091.72

Change in amount (B-A)

40,00027,00030,50020,000

–

7.8

49.1

53.0

50.0

–

502,00265,47973,931

52,167

79.03

Change (%)(Reference)
Results for the second quarter (sixmonths) of the previous fiscal year
(The second quarter (six months) of
the fiscal year ended March 31, 2024)- 7 -2. Consolidated Financial Statements and Significant Notes(1) Consolidated Balance Sheets(¥ million)
Prior Fiscal Year(As of March 31, 2024)

Current 1st Quarter(As of June 30, 2024)

AssetsCurrent assets
Cash and deposits

321,868

294,062

Notes and accounts receivable - trade, and contract assets

118,190

143,966

Merchandise and finished goods

40,17043,592Work in process

92,66589,482

Raw materials and supplies

7,761

8,042

Other

63,042

61,509Allowance for doubtful accounts(1,075)(1,230)Total current assets

642,622

639,426

118,636

126,222

11,60812,447

Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other

20,56820,942

Total intangible assets

32,17633,390Investment securities

116,127

111,800

Other

63,01963,260

(744)

(781)

178,403174,279

329,215

333,892

971,838

973,318

Investments and other assets

Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 8 -(¥ million)
Prior Fiscal Year(As of March 31, 2024)

Current 1st Quarter(As of June 30, 2024)

Liabilities
Current liabilities
Notes and accounts payable - trade99,254112,176

Income taxes payable

23,192

16,720

Provisions

3,095

795

Other

118,577

106,960

Total current liabilities

244,119

236,653

4,925

4,848

Non-current liabilities
Retirement benefit liability
Other

22,96922,908

Total non-current liabilities

27,89527,757

272,014

264,410

Share capital

10,00010,000Total liabilities
Net assets
Shareholdersʼ equity
Capital surplus

53,321

43,379Retained earnings

579,417580,748

Treasury shares(19,293)(9,351)

Total shareholdersʼ equity

623,445624,776

Valuation difference on available-for-sale securities

49,26245,861

Deferred gains or losses on hedges

1,022

1,885

Accumulated other comprehensive income

Revaluation reserve for land

(4,016)(4,016)

Foreign currency translation adjustment

29,63739,862Remeasurements of defined benefit plans

166

209

76,071

83,801306

330

699,823

708,908

971,838

973,318

Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets- 9 -(2) Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income(Consolidated Statements of Operations)(¥ million)
Current 1st Quarter(From April 1, 2024
to June 30, 2024)

Prior 1st Quarter(From April 1, 2023
to June 30, 2023)
Net sales

224,812

280,627

Cost of sales

135,454

170,495

Gross profit

89,357110,132

Selling, general and administrative expenses

61,368

66,108Operating profit

27,98944,023540

1,335

Foreign exchange gains

2,111

2,082

Other

2,479

1,791

Total non-operating income

5,131

5,208

Interest expenses

68

95

Loss on valuation of derivatives

297

–

Other

21

64

Total non-operating expenses

387

160

32,73349,072Gain on sale of non-current assets

19

96

Gain on liquidation of subsidiaries and associates

–

86

Other

22

99

Total extraordinary income

41

281

Impairment losses

1859

Loss on valuation of investment securities

291

157

Other

83

63

Non-operating income
Share of profit of entities accounted for using equity
methodNon-operating expenses

Ordinary profit
Extraordinary income

Extraordinary losses

Total extraordinary losses

393

280

Profit before income taxes

32,382

49,073

Income taxes

10,591

14,998

Profit21,791

34,075

Profit attributable to non-controlling interests
Profit attributable to owners of parent- 10 -

424

21,786

34,050(Consolidated Statements of Comprehensive Income)(¥ million)
Current 1st Quarter(From April 1, 2024
to June 30, 2024)

Prior 1st Quarter(From April 1, 2023
to June 30, 2023)
Profit21,791

34,075

3,762(3,440)

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

2,693

858

Foreign currency translation adjustment

12,015

10,225Remeasurements of defined benefit plans, net of tax

94

43

Share of other comprehensive income of entities
accounted for using equity method

73

42

Total other comprehensive income

18,6407,729

40,43141,804Comprehensive income attributable to owners of parent

40,424

41,780Comprehensive income attributable to non-controllinginterests

624

Comprehensive income
Comprehensive income attributable to- 11 -

(3) Notes to Consolidated Financial Statements(Notes on Changes in Accounting Policies)(Application of Accounting Standard for Current Income Taxes and other relevant ASBJ regulations)
The Company has applied the “Accounting Standard for Current Income Taxes” (Accounting Standards Board ofJapan (ASBJ) Statement No. 27, October 28, 2022; the “Revised Accounting Standard of 2022”) and other relevant ASBJ
regulations from the beginning of the first quarter of the fiscal year ending March 31, 2025.
Revisions to categories for recording current income taxes (taxation on other comprehensive income) conform to thetransitional treatment in the proviso of paragraph 20-3 of the Revised Accounting Standard of 2022 and the transitional
treatment in the proviso of paragraph 65-2 (2) of the “Guidance on Accounting Standard for Tax Effect Accounting” (ASBJ
Guidance No. 28, October 28, 2022; the “Revised Implementation Guidance of 2022”). This has no impact on the quarterly
consolidated financial statements.
Furthermore, the Company has applied the Revised Implementation Guidance of 2022 from the beginning of the firstquarter of the fiscal year ending March 31, 2025, with respect to revisions associated with review of the treatment in the
consolidated financial statements when deferring tax on gains or losses arising from the sale of subsidiary shares, etc.
between consolidated companies. The change in the accounting policy has been applied retrospectively. Therefore, the
new accounting policy was reflected in the consolidated financial statements for the same period of the previous fiscal
year and for the previous fiscal year. This has no impact on the consolidated financial statements for the same period of
the previous fiscal year and for the previous fiscal year.
(Notes on Special Accounting for Preparing the Quarterly Consolidated Financial Statements)(Calculation of taxes)
Taxes are calculated first by reasonably estimating the effective tax rate after applying tax effect accounting against
profit before income taxes for the fiscal year including the current first quarter, and next by multiplying the profit before
income taxes by such estimated effective tax rate.

- 12 -

(Notes on Segment Information, Etc.)
I

Prior 1st Quarter (From April 1, 2023 to June 30, 2023)
1. Information regarding the amounts of net sales and profit/loss by reportable segment(¥ million)
Reportable segments

Adjustments(Note 2)

Consolidated Total(Note 3)

224,812–

224,812

6,645

14,932(14,932)–

231,646

8,098

239,745(14,932)

224,81230,508481

30,989(3,000)27,989

Other(Note 1)

DigitalBusiness

Toys and
Hobby
Business

IP Production
Business

Amusement
Business

Subtotal

To externalcustomers

66,799115,872

12,47728,209223,358

1,453Inter-segment sales
and transfers

1,240

4,500

2,514

31

8,287

Total

68,040120,372

14,992

28,240

Segment profit

2,661

23,629

1,058

3,157

Total

Net sales

Notes: 1. The “Other” category is a business segment not included in reportable segments under which operations suchas logistics services for each of the Group companies are classified.
2. Included in the 3,000 million yen deducted from segment profit as adjustment are a deduction of 218 million
yen in inter-segment eliminations, and a deduction of 2,781 million yen in corporate expenses that cannot beallocated to any reportable segment. The corporate expenses are mainly costs related to the administration
division that has not been attributed to a reportable segment.
3. Segment profit is adjusted with operating profit in the consolidated statements of operations.
2. Information regarding impairment losses of non-current assets and goodwill by reportable segment(Material impairment losses of non-current assets)
Not applicable.
(Material changes in the amount of goodwill)
Not applicable.
(Material gains on negative goodwill)
Not applicable.

- 13 -

II Current 1st Quarter (From April 1, 2024 to June 30, 2024)
1. Information regarding the amounts of net sales and profit/loss by reportable segment(¥ million)
Reportable segments

Adjustments(Note 2)

Consolidated Total(Note 3)

280,627–

280,627

6,621

17,335(17,335)–

289,6558,307

297,963(17,335)

280,627

46,958342

47,301(3,277)44,023

Other(Note 1)

DigitalBusiness

Toys and
Hobby
Business

IP Production
Business

Amusement
Business

Subtotal

105,127

127,278

14,88431,651

278,9411,686Inter-segment sales
and transfers

1,181

5,537

2,619

1,375

10,713

Total

106,309132,815

17,50333,027

Segment profit

14,731

26,957

2,495

2,774

Total

Net sales
To externalcustomers

Notes: 1. The “Other” category is a business segment not included in reportable segments under which operations suchas logistics services for each of the Group companies are classified.
2. Included in the 3,277 million yen deducted from segment profit as adjustment are a deduction of 252 million
yen in inter-segment eliminations, and a deduction of 3,025 million yen in corporate expenses that cannot beallocated to any reportable segment. The corporate expenses are mainly costs related to the administration
division that has not been attributed to a reportable segment.
3. Segment profit is adjusted with operating profit in the consolidated statements of operations.
2. Information regarding impairment losses of non-current assets and goodwill by reportable segment(Material impairment losses of non-current assets)
Not applicable.
(Material changes in the amount of goodwill)
Not applicable.
(Material gains on negative goodwill)
Not applicable.

- 14 -

(Notes on Significant Changes in the Amount of Shareholdersʼ Equity)
The Company canceled 6,000,000 treasury shares on May 21, 2024, per resolution at its Board of Directors meeting
held on May 9, 2024. As a result, capital surplus and treasury shares stood at 43,379 million yen and 9,351 million yen,respectively, at the end of the first quarter of the fiscal year ending March 31, 2025, with capital surplus and treasury
shares each having decreased by 9,942 million yen during the first quarter (three months) of the fiscal year ending March
31, 2025.
(Notes on Premise of Going Concern)
Not applicable.
(Notes on Quarterly Consolidated Statements of Cash Flows)
Quarterly consolidated statements of cash flows for the first quarter (three months) of the fiscal year ending March
31, 2025 is not prepared. Depreciation (including amortization related to intangible assets excluding goodwill) andamortization of goodwill for the first quarter (three months) of the fiscal year ending March 31, 2025 are as follows.
(¥ million)
Current 1st Quarter(From April 1, 2024
to June 30, 2024)

Prior 1st Quarter(From April 1, 2023
to June 30, 2023)
Depreciation
Amortization of goodwill- 15 -

6,479

7,457

684

666

(Notes on Significant Subsequent Events)(Disposal of Treasury Shares as Share Compensation)
The Company has disposed of treasury shares as share compensation (the “Disposal of Treasury Shares”) as follows,
per resolution at its Board of Directors meeting held on June 24, 2024.
1. Overview of disposal(1)

Date of disposal

July 12, 2024

(2)Class and number of shares disposed

Common shares of the Company
81,300 shares(3)

Disposal value

3,027 yen per share(4)

Total disposal value

246 million yen(5)Method of offering or disposal

Share compensation allotment method(6)

Individuals eligible for allotment, number of

Directors of the Company*1

eligible individuals, number of shares to be

3 individuals 16,000 sharesallotted

Directors of subsidiaries of the Company*2
30 individuals 65,300 shares

(7)

Other

The taking effect of the securities registration
statement filed in accordance with the Financial
Instruments and Exchange Act is a condition for the
Disposal of Treasury Shares*1

Directors of the Company (excluding Directors who serve concurrently as President and Representative
Director of Bandai Namco Entertainment Inc., BANDAI CO., LTD., Bandai Namco Filmworks Inc., Bandai
Namco Amusement Inc., and Bandai Namco Business Arc Inc.; Director who are Audit & Supervisory
Committee Members, and; Outside Directors)*2

Directors (excluding Non-executive Directors) of Bandai Namco Entertainment Inc., BANDAI CO., LTD.,
Bandai Namco Filmworks Inc., Bandai Namco Amusement Inc., BANDAI SPIRITS CO., LTD., Bandai Namco
Music Live Inc., and Bandai Namco Business Arc Inc.

2. Objective of and reason for the disposal
As performance-based compensation related to the previous fiscal year, monetary compensation claims fromthe Company and subsidiaries are granted to the Directors of the Company and its subsidiaries who are thedesignated allottees (“Eligible Directors”). The Eligible Directors pay in the monetary compensation claims as
property contributed in kind to receive delivery of the Companyʼs common shares.

- 16 -

Independent Auditorʼs Report on Review of Interim Consolidated Financial Statements
August 8, 2024
To the Board of Directors of Bandai Namco Holdings Inc.:

KPMG AZSA LLC
Tokyo Office, Japan
Michiaki Yamabe
Designated Limited Liability Partner
Engagement Partner
Certified Public Accountant
Yasuko Kawamata
Designated Limited Liability Partner
Engagement Partner
Certified Public Accountant
Kenta Kurosu
Designated Limited Liability Partner
Engagement Partner
Certified Public Accountant
Conclusion
We have reviewed the accompanying interim consolidated financial statements of Bandai Namco Holdings Inc. (“theCompany”) and its consolidated subsidiaries (collectively referred to as “the Group”) provided in the “Attached
Documents” in the Quarterly Earning Reports, which comprise the interim consolidated balance sheet as at June 30,
2024, the interim consolidated statements of income and comprehensive income for the three-month period then ended,and the related notes.
Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim
consolidated financial statements are not prepared, in all material respects, in accordance with Article 4 (1) of Standard
for Preparation of Quarterly Financial Statements of Tokyo Stock Exchange, Inc. (“the Standard”) (applying the omissions
prescribed in Article 4 (2) of the Standard) and accounting standard for quarterly financial reporting generally accepted inJapan.

Basis for Conclusion
We conducted our review in accordance with interim review standards generally accepted in Japan. Our responsibilities
under those standards are further described in the Auditorʼs Responsibilities for the Review of the Interim Consolidated
Financial Statements section of our report. We are independent of the Group in accordance with the ethical requirementsthat are relevant to our review of the interim consolidated financial statements in Japan, and we have fulfilled our other- 17 -

ethical responsibilities in accordance with these requirements. We believe that the evidence we have obtained issufficient and appropriate to provide a basis for our conclusion.

Responsibilities of Management, the Audit and Supervisory Committee for the Interim Consolidated Financial
Statements
Management is responsible for the preparation and presentation of the interim consolidated financial statements inaccordance with Article 4 (1) of Standard for Preparation of Quarterly Financial Statements of Tokyo Stock Exchange, Inc.
(applying the omissions prescribed in Article 4 (2) of the Standard) and accounting standard for quarterly financial
reporting generally accepted in Japan, and for such internal control as management determines is necessary to enable
the preparation of the interim consolidated financial statements that are free from material misstatement, whether due
to fraud or error.
In preparing the interim consolidated financial statements, management is responsible for assessing the Group’s ability
to continue as a going concern, disclosing, as applicable, matters related to going concern in accordance with Article 4(1) of Standard for Preparation of Quarterly Financial Statements of Tokyo Stock Exchange, Inc. (applying the omissions
prescribed in Article 4 (2) of the Standard) and accounting standard for quarterly financial reporting generally acceptedin Japan and using the going concern basis of accounting unless management either intends to liquidate the Group or tocease operations, or has no realistic alternative but to do so.
The audit and supervisory committee are responsible for overseeing the directorsʼ performance of their duties with regard
to the design, implementation and maintenance of the Groupʼs financial reporting process.

Auditorʼs Responsibilities for the Review of the Interim Consolidated Financial Statements
Our responsibility is to express a conclusion on these interim consolidated financial statements based on our review inour report on the review of interim consolidated financial statements.
As part of our review in accordance with interim review standards generally accepted in Japan, we exercise professional
judgment and maintain professional skepticism throughout the review. We also:

Make inquiries, primarily of management and persons responsible for financial and accounting matters, and apply
analytical and other review procedures. An interim review is substantially less in scope than an audit conducted inaccordance with auditing standards generally accepted in Japan.

Conclude, based on the evidence obtained, that nothing has come to our attention that causes us to believe thatthe interim consolidated financial statements are not prepared in accordance with Article 4 (1) of Standard for
Preparation of Quarterly Financial Statements of Tokyo Stock Exchange, Inc. (applying the omissions prescribed in
Article 4 (2) of the Standard) and accounting standard for quarterly financial reporting generally accepted in Japan,
if a material uncertainty relating to events or conditions comes to our attention that may cast significant doubt on
the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required
to draw attention in our report on the review of interim consolidated financial statements to the related disclosures- 18 -

in the interim consolidated financial statements or, if such disclosures are inadequate, to express a qualified
conclusion or an adverse conclusion. Our conclusions are based on the evidence obtained up to the date of ourreport on the review of interim consolidated financial statements; however, future events or conditions may cause
the Group to cease to continue as a going concern.


Evaluate that nothing has come to our attention that causes us to believe that the presentation and disclosures in
the interim consolidated financial statements are not prepared in accordance with Article 4 (1) of Standard for
Preparation of Quarterly Financial Statements of Tokyo Stock Exchange, Inc. (applying the omissions prescribed in
Article 4 (2) of the Standard) and accounting standard for quarterly financial reporting generally accepted in Japan.

Plan and perform the group audit to obtain sufficient appropriate evidence regarding the financial information of
the entities or business activities within the Group as a basis for forming an opinion on the interim consolidated
financial statements. We are responsible for the direction, supervision and review of the audit work performed forthe purpose of the group audit. We remain solely responsible for our review conclusion.

We communicate with the audit and supervisory committee regarding, the planned scope and timing of the review,
significant review findings that we identify during our review.
We also provide the audit and supervisory committee with a statement that we have complied with relevant ethicalrequirements regarding independence, and communicate with them all relationships and other matters that may
reasonably be thought to bear on our independence, and where applicable, actions taken to eliminate threats or
safeguards applied.

Interest required to be disclosed by the Certified Public Accountants Act of Japan
We do not have any interest in the Group which is required to be disclosed pursuant to the provisions of the Certified Public
Accountants Act of Japan.

Notes to the Reader of Independent Auditorʼs Report on Review:
The Independent Auditorʼs Report on Review herein is the English translation of the original Independent Auditorʼs Report
on Review for the conveniences of the reader.

- 19 -