Namco Bandai trims full-year outlook as Q1 revs slide

Afro Samurai sells 420,000 during April-June quarter to lead publisher's game software, but overall sales slip 16% to $795 million.

Comments

Related
Afro Samurai
Follow
We Ski
Follow
Active Life: Outdoor Challenge
Follow

Namco Bandai is coming off a rough financial year, in which the publisher saw income slip nearly 64 percent to ¥11.8 billion ($124 million) on total revenue of ¥426 billion ($4.46 billion), a 7 percent dip. Though the publisher expected to take back some of that lost ground by the time its current fiscal year is in the books, Namco Bandai isn't starting the year off on a high note.

If only Samuel L. Jackson weren't bound by the laws of reality...
If only Samuel L. Jackson weren't bound by the laws of reality...

Reporting on its first-quarter results for the three months ended June 30 today, Namco Bandai said revenue slipped nearly 16 percent during the period to ¥75.7 billion ($795 million). The revenue shortfall was accompanied by an overall net loss of ¥2.8 billion ($29.8 million) for the quarter, having posted a net profit of ¥1 billion ($10.7 million) during the April-June quarter last year.

Within the publisher's home game software division, Afro Samurai ranked as Namco Bandai's top performer. The Samuel L. Jackson-voiced action adventure sold 420,000 units during the period, having launched to mostly positive reviews in January. Other top performers included Wii Ski & Snowboard with 270,000 units, Dragon Ball Z: Attack of the Saiyans with 190,000 copies, We Ski with 150,000 copies, and Active Life: Outdoor Challenge with 110,000 units.

Looking ahead to the results of the quarter ending September 30, Namco Bandai expects revenue to come in at ¥1.65 billion ($1.73 billion), a 13.5 percent decline, with losses expected to continue to build to ¥4.7 billion ($49 million). The publisher also revised its full-year forecast downward, saying that it now expects revenues to slide 6.2 percent to ¥400 billion ($4.2 billion) for the 12-month period ending March 31, 2010.

Please use a html5 video capable browser to watch videos.
This video has an invalid file format.
00:00:00
Sorry, but you can't access this content!
Please enter your date of birth to view this video

By clicking 'enter', you agree to GameSpot's
Terms of Use and Privacy Policy

Got a news tip or want to contact us directly? Email news@gamespot.com

  •   View Comments (0)
    Join the conversation
    There are no comments about this story