Japanese firm suffers continuing losses, closes YoY deficit gap

Namco Bandai release Q1 financials

MCV Staff 6th August 2010 Publishing

Namco Bandai has released its Q1 financials, revealing that while the firm has suffered net losses of ¥1.6bn ($18.7m), it has substantially closed the ¥2.8 billion ($32.9m) deficiency from the same period last year.

The content division took operating losses of ¥619m ($7.2m), also significantly down from ¥4bn ($48m) in Q1 2009.

Namco’s most profitable title for the period was Tekken 6 on Xbox 360 and PS3, which shifted 1.07m units. Taiko Drum Master moved 170k DS units, with Ben 10 Alien Force 2 and Super Robot Wars each moving 110k on the same platform.

For the three months ending June 30, the firm’s total sales went up 8.2 per cent YoY from ¥76bn to ¥82bn ($950m).

The full report can be found on this here (scroll down).

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