Hello Kittys parent company receives a EU $48 million fine: violation of competition law

category:Finance
 Hello Kittys parent company receives a EU $48 million fine: violation of competition law


In addition, because Sanrio cooperated with the European Commission investigation, the fines were reduced by 40% compared with the stipulated ones.

Sanrio Company Portrait Star Source: Company Official Website

According to public information, Sanrio was founded in 1960. It has more than 500 portrait stars, such as Hello Kitty, Pudding Dog, Lazy Egg. Its business scope covers IP authorization, gift sales, film production, publishing, catering, theme park and other industries.

On May 14 this year, Sanrio announced its annual accounts for March 2019. As of March this year, Sanrios total assets amounted to 95.185 billion yen (about 6.015 billion yuan). In 2018 (2018.44-2019.33.21), the company realized a total turnover of 59.120 billion yen (about RMB 3.736 billion yuan), down by 18% compared with the previous year; net profit attributed to the parent company in the current period was 3.88 billion yen (about RMB 345 million yuan), down by 21.3% compared with the previous year.

Sanrios business is mainly divided into Japans domestic and overseas business, including Japanese domestic business is divided into commodity sales business, copyright business and theme park business. During the reporting period, Sanrios total turnover in Japan was 45.1 billion yen ($2.85 billion), down 0.4% from the same period last year, and its operating profit was 3.6 billion yen ($227 million), down 16.7% from the same period last year. (Sino-Singapore longitude and latitude APP)

Source of this article: Sino-New Zealand Editor-in-Charge: Wang Xiaowu_NF