Namco Bandai Q1 Operating Profit Tumbles 66%

Edge Online writes: "Operating income for the first quarter ended June 30, 2008, fell from 4.47 billion yen a year ago to 1.53 billion yen, Namco Bandai announced Wednesday.

Net profit also fell 63 percent to 1.02 billion yen as revenue declined 6.4 percent to 90 billion yen.

However, the company still expects to report growth in some sections of its business during the full year ending March 2009. It has projected full year sales of 470 billion yen (up 2.1 percent) and operating income of 38 billion yen (up 13.7 percent). Meanwhile, net profit is expected to decline by 31 percent during the same period to 22.5 billion yen."

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Chris Hansen3727d ago

Thats what happens when you release JRPGs on Xbox360

v1c1ous3727d ago (Edited 3727d ago )

nevermind not gonna stoop to that level

Obama3727d ago

while fan boyish, his reasoning is pretty logical. Namco's timed exclusive jrpg on the 360 didn't fare well at all.

ruibing3727d ago

Whatever MS paid them for Eternal Sonata is not going to be worth it. Paramount learned their lesson with Blu Ray, Namco will have to learn it the hard way too.

GiantEnemyCrab3727d ago (Edited 3727d ago )

Ah yes, blame it on the 360! The last time I checked Namco Bandia doesn't release exclusively on the 360(just a couple titles). How convenient for you to pick 1 game that they've done as a timed exclusive for the 360 as the source of their financial problems.

Ace Combat and Eternal Sonata came out almost a year ago, not Q1 of this year.

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Darkiewonder3727d ago (Edited 3727d ago )

that's what you get for accepting money from microsoft. that's the only "profit" you'll get from them. Because the game sure isn't bringing you money Namco. lawlz.

Polluted3727d ago

At least they're making money.

Skadoosh3727d ago

HAHA, and just like clockwork, jealous sony fanboys first ones to comment.

lodossrage3727d ago

I mean come on, I can understand companies like midway and thq losing money. But companies like Namco Bandai are starting to lose profit now too?

All I can say is wow.

In fact, I thought Namco and Bandai joined up to STOP the loss of profits. Now it seems that even combining their companies wasn't enough. Square Enix is pretty much the same situtation. Since Squaresoft and Enix combined for the exact same reasons.

It makes you wonder just what will happen to the game industry 10 years down the road.

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