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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Funko, Inc.    FNKO

FUNKO, INC.

(FNKO)
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Funko : Announces Bandai as Exclusive Distribution Partner Across Japan

02/14/2020 | 08:32am EST

 

Funko, Inc. ("Funko,” or the “Company”) (Nasdaq:FNKO), a leading pop culture consumer products company, today announced that Bandai, the Japanese manufacturer and toy licensee, will become the exclusive distributor for Funko products across Japan.

Bandai will take full control of the distribution channel in Q4 of this year, with the goal of bringing gaming, anime, movie and television Pop! vinyl figurines to mass market within Japan.

“Japanese pop culture fans will be overjoyed to know that we have exclusively partnered with Bandai to distribute Funko Pop! vinyl figures, soft lines, plush and board games within Japan,” said Brian Mariotti, CEO of Funko. “Partnering with Bandai is yet another example of the investment we are making in our global distribution and commitment to service our retail partners and consumers across the world."

“We are delighted that we now have a business partnership with Funko. We recognize that Funko Pop! is one of the most popular vinyl figures in the world and they’ve established a strong brand in the market. We look forward to expanding Pop! in our market and in global business together,” said Shinjiro Kaji, General Manager of Asia Toy Strategy Department of BANDAI CO., LTD.

Funko has an extensive portfolio of content providers and licenses within the anime genre. Some of the bestselling properties include Dragonball Z, My Hero Academia and Naruto.

About Funko, Inc.

Headquartered in Everett, Washington, Funko is a leading pop culture consumer products company. Funko designs, sources and distributes licensed pop culture products across multiple categories, including vinyl figures, board games, action toys, plush, games, apparel, housewares and accessories for consumers who seek tangible ways to connect with their favorite pop culture brands and characters. Learn more at https://funko.com/, and follow us on Twitter (@OriginalFunko) and Instagram (@OriginalFunko).

About BANDAI CO., LTD

BANDAI CO., LTD (“BANDAI”) is the manufacturer across multiple categories, including Toys, Vending, Life style product and toy licensee of some of the most popular brands in toys and animation, interactive entertainment in Japan. The vision of the three-year plan since 2018 is “Break Out of the Box. Wow the World!”. BANDAI aims to become global leaders in the character and entertainment businesses. Find out more about our expertise in connecting and fresh ways at https://www.bandai.co.jp/.


© Business Wire 2020
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Financials (USD)
Sales 2020 619 M - -
Net income 2020 0,23 M - -
Net Debt 2020 199 M - -
P/E ratio 2020 -7 605x
Yield 2020 -
Capitalization 452 M 452 M -
EV / Sales 2020 1,05x
EV / Sales 2021 0,91x
Nbr of Employees 704
Free-Float 37,8%
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Technical analysis trends FUNKO, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Average target price 8,07 $
Last Close Price 12,70 $
Spread / Highest target 2,36%
Spread / Average Target -36,5%
Spread / Lowest Target -68,5%
EPS Revisions
Managers and Directors
NameTitle
Brian Mariotti Chief Executive Officer & Director
Andrew Perlmutter President
Kenneth R. Brotman Chairman
Joe Sansone Chief Global Operations Officer
Jennifer Fall Jung Chief Financial Officer
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