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Jakks Pacific Inc

BUSINESS
June 21, 2006 | From Bloomberg News
Jakks Pacific Inc. said it won the exclusive right to develop Pokemon toys in North America. Financial details of the agreement with Pokemon Co., a Nintendo Co. affiliate, weren't disclosed. The first action figures, stuffed animals, TV games and pool toys based on the Japanese creatures will debut in January, Malibu-based Jakks said. Jakks, which has more than doubled its annual revenue and net income since 2001, is moving into a market that was controlled by Hasbro Inc., the world's No.
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BUSINESS
June 17, 1998
Malibu-based Jakks Pacific Inc. signed a licensing agreement with Bass Anglers Sportsman Society Inc., known as BASS, to design, manufacture and market worldwide a new line of fishing toys. Terms of the deal weren't disclosed. Jakks Pacific said the Bassmaster line, due in stores by spring 1999, will include toy fishing poles and accessories based on popular fishing boats, cars and trucks with trailers, as well as products from BASS tournaments and special events.
BUSINESS
September 20, 2007 | From Times Wire Services
Malibu-based toy maker Jakks Pacific Inc. was accused of copyright infringement in a lawsuit over electric guitars it makes for Walt Disney Co.'s TV character Hannah Montana. KidDesigns Inc., the maker of Barbie guitars for El Segundo-based Mattel Inc., filed suit last week in Newark, N.J., claiming that the Hannah Montana songs and other features of the Jakks product are confusingly similar to those KidDesigns created for the Barbie guitar. KidDesigns, based in Rahway, N.J.
BUSINESS
October 16, 2013 | By Tiffany Hsu
Mattel Inc., the nation's largest toy company, and Barbie, likely its best-known product, are heading into Christmas looking up. The El Segundo-based company reported net income of $422.8 million, or $1.21 a share, for the third quarter, which ended Sept. 30. That's a 16% increase from the year-earlier period, when profit was $365.9 million, or $1.04 a share. Mattel's revenue also surged 6% to $2.2 billion, from $2.1 billion. Both the sales and profit measures beat Wall Street expectations.
BUSINESS
February 18, 2004 | From a Times Staff Writer
Malibu-based toy maker Jakks Pacific Inc. saw its sales rise 23% in the fourth quarter as net income fell nearly 3%. Profit fell to $7.1 million, or 29 cents a share, from $7.3 million, or 30 cents, a year earlier. Excluding charges related to recent customer bankruptcy filings including those of KB Toys Inc. and FAO Inc., net income rose to $8.9 million, or 36 cents, compared with $6.2 million, or 25 cents, a year before. Revenue rose to $84.4 million from $68.5 million.
BUSINESS
November 18, 2004 | From Times Wire Services
Shares of Jakks Pacific Inc. fell 3% after a dispute with World Wrestling Entertainment Inc. over the announcement of a licensing agreement. The Malibu-based toy maker announced an agreement to develop a game system based on WWE characters, citing Donna Goldsmith, WWE's senior vice president of consumer products. WWE later said the deal was only an amendment to an earlier agreement that is now in dispute and Jakks didn't seek approval from Goldsmith to use her comment.
BUSINESS
February 12, 2003 | From a Times Staff Writer
Jakks Pacific Inc., a Malibu company that designs and markets toys, reported a 65% jump in fourth-quarter profit to $7.3 million, or 30 cents a share, from $4.4 million, or 22 cents, a year earlier. Sales increased 12% to $68.5 million. For the year ended Dec. 31, Jakks reported net income of $31.3 million, or $1.37 a share, on sales of $310 million. That compared with 2001 profit of $28.2 million, or $1.45, on sales of $284.3 million. Jakks shares lost 24 cents to close at $12.40 on Nasdaq.
BUSINESS
April 23, 2003 | From Bloomberg News
Malibu-based toy maker Jakks Pacific Inc. said first-quarter profit more than doubled, but it shares fell 6% because the numbers didn't meet analysts expectations. Net income climbed to $5.96 million, or 24 cents a share, from $2.16 million, or 11 cents, a year earlier. The average estimate of analysts surveyed by Thomson First Call was 30 cents. Sales rose 13% to $67.8 million.
BUSINESS
July 26, 2007 | From Times Wire Services
Toy maker Jakks Pacific Inc. said Wednesday that its second-quarter profit fell 21% as higher costs offset a rise in sales. For the quarter ended June 30, net income fell to $5 million, or 17 cents a share, from $6.4 million, or 22 cents, a year earlier. Analysts polled by Thomson Financial had expected earnings per share of 25 cents. Sales rose 4% to $129.5 million. Analysts had predicted revenue of $130.6 million.
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