Namco Bandai Cuts Q1 Losses

Namco Bandai Cuts Q1 Losses

Namco Bandai significantly reduced its losses while improving sales during its first fiscal quarter ended June 30, 2010.

Net loss fell from 2,846 million yen ($33m / £20.8m) during the same period a year earlier to 1,644 million yen ($19m / £12m), while sales increased 8.2 per cent to 81,912 million yen ($950m / £600m).

Net sales in the firm’s Content division, which houses its home videogame software and arcade game machines businesses, rose from 20,210 million yen ($234m / £148m) to 32,948 million yen ($382m / £241m), while operating loss came in at 619 million yen ($7.2m / £4.5m), down from 4,136 million yen ($48m / £30.3m) the year prior.

Tekken 6 for Xbox 360 and PS3 was the bestselling title during the quarter, shifting 1,070,000 units, followed by Taiko Drum Master for DS with 170,000 sales. Multiplatform release Ben 10 Alien Force 2 and DS title Super Robot Wars both moved 110,000 units.