Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
October 25, 2014
arrowPress Releases
October 25, 2014
PR Newswire
View All





If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Namco/Bandai Cuts Forecast, Buys Out Banpresto
Namco/Bandai Cuts Forecast, Buys Out Banpresto
February 23, 2006 | By Simon Carless

February 23, 2006 | By Simon Carless
Comments
    Post A Comment
More: Console/PC



According to a Bloomberg News report, major video game and toy creator Namco Bandai Holdings Inc. has cut its profit forecast by 55 percent to 11 billion yen ($93.7 million) for the fiscal year ending March 31, compared with the previous forecast for 24.4 billion yen ($208 million), particularly citing slower Nintendo DS game sales than expected.

Although some Namco Bandai titles such as the new Tamagotchi DS title have sold excellently in Japan, it appears that other games released by the firm, which recently debuted a new Pac-Man-related title for the DS, have performed below expectations.

However, sales for Namco Bandai for the entire year will only be slightly lower than expected, around 450 billion yen in the period, compared with a previous estimate of 470 billion yen, showing that the combined firm is not in a particularly disadvantageous position.

In addition, the company announced that it would buy the remaining shares in the heavily Bandai-associated arcade and console game creator Banpresto, which is particularly well known for its Super Robot Wars titles in Japan. Namco Bandai will spend 18.3 billion yen ($156 million) to buy the remaining stock in Banpresto, at more than 25 percent over the current stock value.


Related Jobs

Giant Sparrow
Giant Sparrow — Playa Vista, California, United States
[10.24.14]

Lead Artist
Digital Extremes
Digital Extremes — LONDON, Ontario, Canada
[10.24.14]

UI ARTIST/DESIGNER
Digital Extremes
Digital Extremes — London, Ontario, Canada
[10.24.14]

Generalist Programmers
Petroglyph Games
Petroglyph Games — Las Vegas, Nevada, United States
[10.24.14]

Unity Engineer










Comments



none
 
Comment: