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$24m six-month loss for Namco Bandai

$1.13bn sales aid recovery from last year's $74m loss

Publisher/developer Namco Bandai continues to post a net loss, this time for ¥1.93 billion ($24 million) over the first fiscal half of 2010.

However, this is a $50 million improvement on losses of ¥6 billion ($74 million) for the same period in 2009.

Sales were strong at ¥174 billion ($2.13 billion), with 41 per cent of that stemming from its content division (comprising games, music and videos).

The publisher's biggest-hitters for the quarter were Tekken 6, which sold 1.07 million in the US, and movie tie-in Despicable me, at 390, 000.

Japan remained Namco Bandai's largest territory, however – selling 9.8 million software units against the US's 7.3 million and 3.8 mill in Europe.

Namco Bandai is currently refocusing development efforts on Japan and outsourced studios, having laid off a number of developers at its US offices last week.

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Alec Meer

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A 10-year veteran of scribbling about video games, Alec primarily writes for Rock, Paper, Shotgun, but given any opportunity he will escape his keyboard and mouse ghetto to write about any and all formats.

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