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Namco Bandai Profits Skyrocket 72%

Posted On: 2/19/2013

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TAGS: Namco Bandai, Namco third quarter, Namco profit, Namco financial report, amusement business, arcade game, arcade video game, coin-op game

TOKYO -- Namco Bandai's robust fiscal year continued with its recent financial report released on Feb. 5. The arcade game and toy company reported that its profits rose nearly 72% during the nine months ended Dec. 31 compared with the same period last year.

The company said it netted $303 million from an 8.4% year-over-year increase in sales. During the third quarter, which also ended Dec. 31, arcade machine sales drove $531 million in revenues.

Namco said its full fiscal year revenue for the year ending March 31, 2013 is projected to be at $5 billion. | SEE VG24/7 STORY