Tomy doubles profit

Sales of Transformer toys in Japan help double the Japanese toymaker and distributor?s first half profit
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Tomy has risen on the Tokyo stock exchange following its first-half profit doubling from sales of Transformers toys and Nintendo game players in Japan.

The firm’s net income was 1.5 billion yen or $13 million in the six months to September 30, 2007. Sales rose 5.5 per cent to 87 billion yen while shares gained more than eight per cent to 744 yen.

Nearly seven million yen was made from Transformers products and royalty fees, according to Tomy VP Keita Sato.

Yasuo Yabe, an investment adviser at Meiwa Securities in Tokyo said: “Hopes are high that the strong sales performance will continue over the months ahead”.

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