June 21, 2006 |
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.
September 20, 2007 |
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.
February 18, 2004 |
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.
November 18, 2004 |
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.
February 12, 2003 |
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.
April 23, 2003 |
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.
July 26, 2007 |
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.
July 21, 2005 |
Toy maker Jakks Pacific Inc. posted higher second-quarter earnings but missed Wall Street estimates. Net income rose to $11.6 million, or 39 cents a share, in the quarter ended June 30. That compares with $6 million, or 22 cents, a year earlier. Sales rose 16% to $127.1 million. Malibu-based Jakks said results were helped by its June 2004 acquisition of Play Along, the maker of Care Bears and Cabbage Patch Kids. Analysts on average had expected Jakks to earn 41 cents a share on sales of $136.
January 3, 2002 |
Jakks Pacific Inc., which produces dolls based on World Wrestling Federation personalities, has bought Kidz Biz Ltd., a toy distributor based in the United Kingdom, for an undisclosed price. The Malibu-based company said the purchase is the first step in a planned international expansion. Jakks, which has the crafts and activities license for the Warner Bros. "Harry Potter" movies, has seen its stock price soar since last year's release of the first Potter movie.