Takara Co. and Tomy Co. said Wednesday their new company to be created through a merger in March will book 200 billion yen in group sales in fiscal 2008.
The projected figure is an 11 percent increase from 180.4 billion yen in combined sales of the two companies for fiscal 2004.
The second- and third-largest domestic toy makers also expect a growth in overseas sales to between 50 billion yen and 60 billion yen, up from 30 billion yen at present.
Takara and Tomy are set to merge March 1. The new company, Takaratomy, will remain the No. 2 toy maker behind Bandai Co., which plans to set up a joint holding company with home video game developer Namco Ltd. in September.
Takaratomy will aim to chalk up 16 billion yen in operating profit in fiscal 2008 and expects 19 billion yen in cost reductions by selling affiliates and concentrating on the toy business.
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