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Namco Bandai Losses

The latest financial reporting from Namco Bandai is reported on Gamasutra, revealing a downturn in a quarter where their bestselling release was Afro Samurai (420,000 units on all platforms in the U.S. and Europe). Word is: "Publisher Namco-Bandai's fiscal year is beginning inauspiciously, as it posts losses of ¥2.8 billion ($29.6 million) on revenue of ¥75.7 billion ($800 million) for its first quarter, which ended June 30. This loss compares poorly to a ¥1.5 billion ($15.9 million) profit during the same period last year, and overall revenues were also down 16% in the period for the firm, which also sells toys and operates arcades in Japan."

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