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Namco Bandai profits climb 71 percent

Posted May 8, 2007 at 8:35PM EST by QJ Staff

Listed in: Wii, PS3, Xbox 360 Tags: Forbes, Microsoft, Namco Bandai, Sony

Namco Bandai - Image 1

A new Forbes report informs us that Namco Bandai Holdings' net profit for the fiscal year (ended March 31) climbed by 71 percent.

This was due to brisk sales of DVDs and game software. The company however predicts slower earnings this year because of the lower-than-expected sales of games for Sony's PlayStation 3. Bandai President Takeo Takasu notes:

PS3 did not make a good start, which will make the transition from the old game console to the next generation system more prolonged than we had earlier thought.

...This will keep a lid on sales of our video games in the first half, although we believe that sales of PS3 will increase in the second half (to March 2008)

Namco bandai says that it has only sold 300,000 copies of Gundam Musou, far lower than their expected 500,000 copies. It is reported that because of this Namco Bandai plans to release only 23 titles (still a lot if you ask other folks) for the PS3 this fiscal year, compared to the 24 titles for Microsoft's Xbox 360, and the 37 titles for Nintendo's Wii.

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