JAKKS Pacific, Inc. is a multi-line, multi-brand toy company that designs, produces, markets, and distributes toys, costumes, and related consumer products. The company offers a diverse range of products, including action figures, dolls, toy vehicles, role-play items, and seasonal goods, as well as licensed and proprietary costumes for various occasions. JAKKS operates globally, with a significant presence in the United States and international markets.
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Toys/Consumer Products - Offers action figures, vehicles, play sets, plush toys, dolls, electronic products, construction toys, infant and preschool toys, role-play toys, ride-on vehicles, novelty toys, seasonal and outdoor products, and kids' furniture. Includes licensed products from franchises like Nintendo, Disney Frozen, and Sonic the Hedgehog, as well as proprietary brands like Creepy Crawlers and Perfectly Cute.
- Action Figures and Accessories - Features licensed characters from popular franchises and proprietary brands.
- Toy Vehicles - Includes products like Xtreme Power Dozer and AirTitans inflatable remote-control toys.
- Dolls and Accessories - Ranges from baby dolls to fashion dolls, based on licenses like Disney Princess and proprietary lines.
- Seasonal and Outdoor Products - Includes kiddie pools, outdoor toys, and activity trays with licensed and proprietary designs.
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Costumes - Designs, develops, and markets everyday and special occasion costumes and accessories for all ages. Includes licensed costumes from brands like Super Mario Bros., Harry Potter, and Jurassic World, as well as proprietary designs.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Stephen G. Berman ExecutiveBoard | Chairman, CEO, President, Secretary, Class I Director | None | Co-founder of JAKKS in 1995. Previously COO until 2011, CEO since 2010, President since 1999, and Chairman since 2015. Former VP at THQ International and President of Balanced Approach, Inc.. | View Report → |
John L. Kimble Executive | Executive Vice President, Chief Financial Officer | None | Joined JAKKS in 2019. Former VP/Finance at Disney and VP/Corporate Development at Mattel. Holds degrees from MIT and Wharton. | |
Alexander Shoghi Board | Class II Director | Portfolio Manager at Oasis Management | Director since 2015. Portfolio Manager at Oasis Management, with prior experience at Lehman Brothers. Founded Oasis Capital in Austin, Texas. | |
Carole Levine Board | Class III Director | Consumer Products Marketing Consultant; Co-Chairman of Children Affected by AIDS Foundation | Director since 2019. Former VP at Mattel in various roles. Consultant in consumer products and active in nonprofit leadership. | |
Joshua Cascade Board | Class II Director | Lecturer at Yale School of Management and University of Michigan | Director since 2019. Over 20 years of private equity experience, including as Managing Partner at Wellspring Capital Management. Teaches leveraged buyouts at Yale and Michigan. | |
Lori MacPherson Board | Class III Director | Board of Trustees Member at Polytechnic School | Director since 2021. Former EVP at Walt Disney Studios with over 20 years of experience in global product management and marketing. | |
Matthew Winkler Board | Class III Director | Managing Director at Benefit Street Partners | Director since 2019. Managing Director at Benefit Street Partners, with prior experience at Goldman Sachs and expertise in distressed debt and special situations. | |
Zhao Xiaoqiang Board | Class I Director | Chairman of Meisheng Holding Co. and Meisheng Culture & Creative Corp. Ltd. | Director since 2017. Chairman of Meisheng Holding Co. and Meisheng Culture & Creative Corp. Ltd., with expertise in cultural products, animation, and e-commerce. |
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Given the concerns about retailer creditworthiness and the expectation of more bankruptcies in the retail sector, how are you adjusting your risk management strategies to protect your receivables and overall financial health?
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With rising fixed costs and the challenges in maintaining or expanding margins without scale leverage, what specific initiatives are you undertaking to achieve operational efficiencies or scale up the business?
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The action play and collectibles business is down 9% year-to-date due to timing of film releases. How are you mitigating the impact of such timing differences on your revenues, and what strategies are in place to smooth out these fluctuations?
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Considering your cautious approach to inventory levels for new IPs like Dog Man, how do you balance the risk of understocking if demand exceeds expectations against the risk of overstocking for unproven properties?
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As over half of your sales come from retail price points of $30 or less, how do you ensure sufficient margins and profitability in the face of rising costs and inflation, and what strategies do you have in place to maintain or improve gross margins?
Research analysts who have asked questions during JAKKS PACIFIC earnings calls.
Eric Beder
SCC Research
4 questions for JAKK
Thomas Forte
D.A. Davidson & Co.
3 questions for JAKK
Eric Wold
B. Riley Securities
1 question for JAKK
Tom Forte
Maxim Group
1 question for JAKK
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Target® | Major retailer | All | 2024: $204.4 million (29.6% of net sales) 2023: $215.2 million (30.3% of net sales) 2022: $203.2 million (25.5% of net sales) |
Walmart® | Major retailer | All | 2024: $166.9 million (24.2% of net sales) 2023: $148.4 million (20.8% of net sales) 2022: $226.3 million (28.4% of net sales) |
Amazon® | Online retailer | All | 2024: $73.1 million (10.6% of net sales) 2023: $74.9 million (10.5% of net sales) 2022: $66.4 million (8.3% of net sales) |
Recent press releases and 8-K filings for JAKK.
- JAKKS Pacific completed the refinancing of its debt on June 24, 2025, securing a new $70 million cash flow based first lien secured revolving credit facility with BMO Bank NA.
- This new facility has a term ending in 2030 and an interest rate equal to the Secured Overnight Financing Rate (SOFR) plus 150 basis points.
- It replaces the existing $67.5 million revolving credit facility that was set to mature in June 2026, with no indebtedness outstanding on the prior facility.
- The company's CFO, John Kimble, stated that the new agreement provides improved covenants and increased liquidity, supporting the company's strategy to increase margins and cash flow, grow EBITDA, and drive shareholder value.
- Net sales reached $113.3 million in Q1 2025, marking a 26% year-over-year increase with an improved gross margin of 34.4% (up from 23.4% in Q1 2024)
- Improved profitability with a reduced operating loss of $3.8 million and an adjusted net loss of $0.4 million, alongside nearly breakeven Adjusted EBITDA of $400K and an EPS improvement from a loss of $1.09 to $0.03
- The Board declared a quarterly cash dividend of $0.25 per share (payment scheduled for June 27, 2025, for shareholders of record on May 30, 2025) and will host a teleconference/webcast on April 29, 2025
- Company remains debt free with an unrestricted cash balance of $59.2 million (up from $35.3 million last year)
- Strategic initiatives include addressing tariff-driven challenges with lower-priced product lines and inventory holding strategies, while aggressively expanding in Latin America, EMEA, and Asia
- Director Resignation: Matthew Winkler has resigned from the Board effective immediately before the 2025 annual meeting, with his departure marking a key change in board composition.
- Board Restructuring: The Board approved reducing its size from seven to six directors and nominated two new candidates for Class II, with the 2025 annual meeting scheduled for June 20, 2025.