Namco Bandai release Q1 financials

Namco Bandai release Q1 financials

By Stuart Richardson

August 6th 2010 at 9:30AM

Japanese firm suffers continuing losses, closes YoY deficit gap

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).