Namco Bandai halves losses in first quarter
Sales up in home videogame division; Tekken 6 sells over a million units
Namco Bandai has almost halved its losses in the first quarter of its financial year, from ¥2.846 billion ($32.9m / £20.7m) to ¥1.622 billion ($18.7m / £11.8m).
Net sales were up 8.2 per cent to ¥81.9 billion ($949.9m / £598m) for the three months ended June 30, compared to ¥75.7 billion ($878m / £552.8m) for the same period last year.
Net sales in the Content division, which includes the home videogame and arcade machine businesses, also saw a rise from ¥20.2 billion ($234.3m / £147.5m) to ¥32.9 billion, with an improved operating loss of ¥619 million ($7.1m / £4.5m), compared to ¥4.1 billion last year.
Worldwide, Namco Bandai sold 3.1 million games in the first quarter, compared to 3.4 million last year, despite releasing more SKUs during the period.
Tekken 6 for the Xbox 360 and PlayStation 3 sold 1.07 million units, Taiko Drum Master for the DS sold 170,000 units and Ben 10 Alien Force 110,000 units during the three months.
About the author
Matt Martin
Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.
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