Evidently it wasn't the best year ever for Namco Bandai. With the fiscal year ending on March 31, 2010 the game company
has released its year end earnings with revenues totaled ¥378.55 billion ($4.12 billion), down 11 percent from the previous year. On top of this the company reported net losses of ¥29.08 billion ($316.14 million) for the year, compared to a profit of ¥11.83 billion ($128.8 million) from the previous year.
A large chuck of this money loss is actually the gaming section of Namco Bandai's fault. While their arcade and toy brands actually made a profit the game developing side lost ¥6.85 billion ($74.59 million). These losses are attributed to impairment of goodwill (reassessing the value of intangible assets) and deferred tax assets among other things. This is all despite their games selling decently well with Tekken 6 being the company's top seller and the PSP being the company's top platform.
All this money loss is prompting Namco Bandai to begin to restructure. The company launched the "Namco Bandi restart" plan in February and is aiming to streamline the company's many parts while allowing for greater ease in reacting to the market. This restructuring gives Namco Bandai a rosey view of the future as they are hoping for company wide revenue to rise nearly 6 percent next year.
