TOKYO, June 2 (Reuters) - Shares in major Japanese toymaker Tomy Company Ltd rose sharply on Wednesday in response to news of strong initial sales of a Japanese version of the electronic pet toy ``Furby.''
The company declined to reveal sales numbers, but Japanese business daily the Nihon Keizai Shimbun reported on Wednesday that an initial shipment of 200,000 Furbies had sold out a few hours after hitting the shelves last Saturday.
Tomy's share price ended up 330 yen or 4.1 percent at 8,380 yen on Wednesday.
The original Furby, made by Hasbro Inc (AMEX:HAS - news)'s Tiger Electronics Ltd, was a big holiday season hit last year in the United States. It led to massive queues at many retailers as customers scrambled for each store's limited ration.
Tomy
has
a
contract
with
Tiger
to
market
Furby
exclusively
in
Japan.
It
said
it
planned
to
sell
more
than
one
million
units
of
the
Japanese
version
by
the
end
of
March
2000.
The toy is priced 3,980 yen in Japan.----
[Note: 3,980 yen is about $40 US dollars - Kat]
Preserved here on Mystic Fortress' server to avoid a bad link in the furture.
Article is quoted from Yahoo News and is not edited in any way.
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