QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 50, No. 12, December 2010, Posted On: 11/17/2010


Namco Bandai Cuts Losses


Marcus Webb
Namco Bandai, Namco, Namco Bandai earnings, video game, arcade video game, coin-op video game, coin machine

TOKYO -- Namco Bandai said it reduced its half-year losses to $23.8 million for the six months ended Sept. 30, compared with $74 million for the same period of the prior fiscal year. Net sales climbed to $2.13 billion for the second quarter ended June 30.

Following August's announcement that Namco Bandai would merge its mobile and online game divisions, the company's U.S. office laid off 90 employees to help affect this reorganization. A Namco Bandai spokesman said the company will export some projects from the San Jose, CA, office to the home office in Japan; a variety of game development projects will be outsourced to other companies.

Namco's U.S. coin-op sales and operations division, located in greater Chicago, was unaffected by the reshuffle.


Topic: Music and Games Features

Articles:
  • AMI Jukeboxes Host Nick Jonas Giveaway
  • Texas ATM Thief Gets 45 Years In Prison
  • Pabst Brewing Co. And Stern Pinball Unveil PBR Can Crusher Flipper At San Diego Comic-Con
  • Redemption Plus Adds Personnel Aimed At Improving Customer Service
  • Apple's Face Place Photobooths Go To Bat At 87th MLB All Star Game

Copyright © 2016 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570