8-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  April 18, 2012
JAKKS PACIFIC, INC.
(Exact name of registrant as specified in its charter)

Delaware	0-28104	95-4527222
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

22619 Pacific Coast Highway, Malibu, California	90265
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:  (310) 456-7799

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01.  Other Events.

On April 18, 2012, we issued a press release announcing our first quarter results for 2012.  A copy of such release is annexed hereto as an exhibit.

 Item 9.01.  Financial Statements and Exhibits.

 (d)            Exhibits

Exhibit	Description
99.1	April 18, 2012 Press Release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		JAKKS PACIFIC, INC.
Dated:	April 18, 2012
		By:	/s/ JOEL M. BENNETT
			Joel M. Bennett, CFO

EXHIBIT INDEX

Exhibit	Description
99.1	April 18, 2012 Press Release

EX-99.1

Exhibit 99.1

JAKKS Pacific® Reports First Quarter Results for 2012

Declares Cash Dividend for Q2 2012

MALIBU, Calif.--(BUSINESS WIRE)--April 18, 2012--JAKKS Pacific, Inc. (NASDAQ: JAKK) reported results for the Company’s first quarter ended March 31, 2012.

Net sales for the first quarter of 2012 were $73.4 million, up from $72.3 million reported in the comparable period in 2011. The reported net loss for the first quarter was $16.0 million, or $0.62 per diluted share, which includes $1.4 million, or $0.03 per diluted share, related to financial and legal advisory fees and expenses. This compares to net loss of $10.6 million, or $0.39 per diluted share, reported in the comparable period in 2011, which included $0.3 million, or $0.01 per diluted share, of financial and legal advisory fees and expenses.

“2012 started off favorably for JAKKS Pacific, with net sales and operating results exceeding our guidance ranges for the first quarter,” commented Stephen Berman, President and CEO, JAKKS Pacific. “We are very pleased that the recent launch of the Monsuno™ toy line at retail exceeded our expectations, selling out at many of the major retailers. Our expansion plan for international retail distribution for the Monsuno toy line is on track with over 30 countries slated to offer the toy line this fall. Critical response to Monsuno has been extremely positive so far, and we anticipate continued strong sales due to upcoming promotions, retail ads and circulars, in-store events, end-caps and events planned at most major retailers.”

“In addition to the success of Monsuno, we expect substantial contributions throughout 2012 from across all JAKKS divisions,” added Berman. “We are excited about the launch this fall of our new Winx Club and Disney products, as well our range of superhero figures based on the upcoming feature films The Amazing Spiderman, The Avengers and The Dark Knight Rises. We expect that the toys currently planned for release this year will appeal to a broad age group, with products ranging from a robust electronics lineup to our iconic Original Big Wheel ride-on. We anticipate a strong positive response this year from consumers and industry experts alike, and look forward to generating growth and value through these strategic projects.”

The Monsuno animated series premiered on Nicktoons on February 23, 2012, at 5:30 p.m. PT/8:30 p.m. ET. New episodes premiered every Thursday with encore airings throughout the week bringing the total number to 7 airings per week. Monsuno is continuing to find an audience and has grown since its debut. The new episode on March 22 was the highest rated premiere to date with kids, tweens, boys and total viewers, ranking as the #6 show on all TV during its time period with Boys 6-11. During its first five weeks on Nicktoons, Monsuno has reached 3.6 million total viewers for new and repeat episodes.

As of March 31, 2012, the Company’s working capital was $354.7 million, including cash and equivalents and marketable securities of $254.8 million, compared to working capital of $370.7 million including cash and equivalents and marketable securities of $274.7 million as of March 31, 2011.

2012 Guidance & Dividend

For 2012, the Company continues to expect an increase in net sales of 6.2% to 7.4% to approximately $720 million to $728 million, with diluted earnings per share in the range of approximately $1.01 to $1.07, excluding any financial and legal advisory fees.

The JAKKS Board of Directors has declared a regular quarterly cash dividend of $0.10 per common share. The dividend is payable on July 2, 2012 to shareholders of record at the close of business on June 15, 2012.

Conference Call

JAKKS Pacific will webcast its first quarter earnings conference call today, April 18, 2012, at 9:00 a.m. ET (6:00 a.m. PT). To listen to the live webcast, go to www.jakks.com/investors, and click on the earnings webcast link under Events and Presentations at least 10 minutes prior to register, download and install any necessary audio software. A telephonic playback will be available from 11:00 a.m. ET on April 18 through May 18, 2012. The playback can be accessed by calling 888-286-8010, or 617-801-6888 for international callers, pass code 33551047.

About JAKKS Pacific, Inc.

JAKKS Pacific, Inc. (NASDAQ: JAKK) is a leading designer and marketer of toys and consumer products with a wide range of products that feature popular brands and children's toy licenses. JAKKS’ diverse portfolio includes Action Figures, Electronics, Dolls, Dress-Up, Role Play, Halloween Costumes, Kids Furniture, Vehicles, Plush, Art Activity Kits, Seasonal Products, Infant/Pre-School, Construction Toys, Ride-On Vehicles, Wagons, Inflatable Environments and Tents, and Pet Toys sold under various proprietary brands including JAKKS Pacific®, Creative Designs International™, Road Champs®, Funnoodle®, JAKKS Pets™, Plug It In & Play TV Games™, Kids Only!™, Tollytots®, Disguise®, Moose Mountain® and Monsuno™. JAKKS is an award-winning licensee of several hundred nationally and internationally known trademarks including Nickelodeon®, Warner Bros.®, Ultimate Fighting Championship®, Hello Kitty®, Graco®, Cabbage Patch Kids® and Pokémon®. www.jakks.com

This press release may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific's business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS' products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, and difficulties with integrating acquired businesses. Continued payment of the quarterly cash dividend will depend on many factors, including, but not limited to, JAKKS' earnings, financial condition, business development needs, and is at the discretion of the Board of Directors. The forward-looking statements contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release.

© 2012 JAKKS Pacific, Inc. All rights reserved.

JAKKS Pacific, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets (Unaudited)
			March 31,			December 31,
				2012			2011
			(In thousands)
ASSETS
Current assets:
	Cash and cash equivalents		$	254,555		$	257,258
	Marketable securities			214			214
	Accounts receivable, net			58,403			103,637
	Inventory, net			44,998			47,019
	Income taxes receivable			24,008			24,166
	Deferred income taxes			34,723			34,505
	Prepaid expenses and other current assets			34,404			30,686
		Total current assets		451,305			497,485
Property and equipment				84,349			81,399
Less accumulated depreciation and amortization				66,804			65,213
	Property and equipment, net			17,545			16,186
Goodwill				24,725			24,015
Trademarks & other assets, net				27,069			27,731
Deferred income taxes				47,101			47,081
Investment in joint venture				3,400			2,736
		Total assets	$	571,145		$	615,234
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
	Accounts payable and accrued expenses		$	59,278		$	77,210
	Reserve for sales returns and allowances			29,547			43,440
	Income taxes payable			7,767			2,183
		Total current liabilities		96,592			122,833
Long term debt				92,870			92,188
Other liabilities				1,858			1,630
Income taxes payable				4,550			4,992
		Total liabilities		195,870			221,643
Stockholders' equity:
	Common stock, $.001 par value			25			26
	Additional paid-in capital			274,856			274,532
	Treasury Stock			-			-
	Retained earnings			104,587			123,174
	Accumulated other comprehensive loss			(4,193	)		(4,141	)
				375,275			393,591
		Total liabilities and stockholders' equity	$	571,145		$	615,234
Working Capital			$	354,713		$	374,652

JAKKS Pacific, Inc. and Subsidiaries
First Quarter Earnings Announcement, 2012
Condensed Statements of Operations (Unaudited)
			Three Months Ended March 31,
				2012			2011
			(In thousands, expect per share data)
Net sales			$	73,405		$	72,323
Less cost of sales
	Cost of goods			40,245			39,819
	Royalty expense			8,345			6,866
	Amortization of tools and molds			1,249			1,367
	Cost of sales			49,839			48,052
		Gross profit		23,566			24,271
Direct selling expenses				9,490			8,165
Selling, general and administrative expenses				32,430			29,246
Depreciation and amortization				1,056			1,650
		Loss from operations		(19,410	)		(14,790	)
Other income (expense):
	Equity in net income of joint venture			54			9
	Interest income			199			105
	Interest expense, net of benefit			(2,035	)		(2,040	)
Loss before provision for income taxes				(21,192	)		(16,716	)
Provision for income taxes				(5,192	)		(6,141	)
Net loss			$	(16,000	)	$	(10,575	)
	Loss per share		$	(0.62	)	$	(0.39	)
	Shares used in loss per share			25,831			27,217

CONTACT:
JAKKS Pacific, Inc.
Joel Bennett, 310-455-6210
or
Anne-Marie Feliciano, 310-455-6235