Bandai Namco sales and profits fall
Game division in the red for first quarter
Bandai Namco Holdings released its earnings statement for the first quarter of the fiscal year. Sales and profits were down for the quarter, with the company placing some of the blame on difficulties in the European market.
Group sales for the quarter were 89,979 million yen, with operating profits at 1,528 million yen, both drops from last year's 96,100 million yen sales and 4,473 million yen profits. The company experienced major drops in profits in many of its divisions, including toys and hobbies, amusement, video and music contents, and game contents.
For its games business in particular, the company had a loss of 214 million yen on sales of 25,514 million yen. Last year's first quarter, in contrast, saw a profits of 401 million yen on sales of 24,571 million yen.
The company listed Taiko no Tatsujin DS 7 Island Adventure and Tales of Symphonia Ratatosk no Kishi as strong performers domestically. However, the company also noted that major titles were in short supply for the period, leading to lower profitability rates.
Overseas, the company made note of strong repeat sales for Naruto-related software. However, in Europe, the strong repeat software performance from the year before was not maintained this year.