05-10-2010, 12:36 PM
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Namco Bandai annual losses top $300 million
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Tekken 6 sells more than 2 million on 360, PS3, PSP, but publisher's overall revenues drop 11 percent as it begins major restructuring.
The coming weeks will see a parade of publishers reporting results for the fiscal year ended March 31, 2010, and that means finding out exactly how well companies handled their first full years in the wake of the global economic downturn. In the case of Namco Bandai, which released its figures today, there was room for improvement. "The King of Iron Fist" is, appropriately enough, Namco Bandai sales royalty. For the fiscal year ended in March, Namco Bandai's revenues totaled ¥378.55 billion ($4.12 billion) down 11 percent year-over-year. Worse, the company reported a net loss of ¥29.08 billion ($ 316.14 million) for the year, compared to a ¥11.83 billion ($128.8 million) profit for the previous fiscal year. Click Here Read More |
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