Wednesday, August 06, 2008

Namco Bandai Q1 Operating Profit Tumbles 66%

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.

The firm’s videogames unit showed Q1 year-on-year sales growth of 3.8 percent to 25.5 billion yen. With 13 titles available worldwide, 1.7 million units were sold in Japan during Q1, while 1.39 million, 740,000 and 113,000 units were sold in Europe, North America and Asia respectively.

The most popular title during Q1 was Dragon Ball Z Budokai Tenkaichi 3, shifting 420,000 units in Europe, followed by Taiko Drum Master for DS 2 and Tales of Symphonia for Wii, which sold 260,000 and 215,000 units respectively in Japan.

During Q1 the company sold most games on PlayStation 2 (1.148 million), followed by DS (895,000) and PSP (769,000). Full year worldwide game sales are expected to total 24.8 million.

via Edge

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