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Upbeat Namco-Bandai Rebounds Strongly

Posted On: 5/15/2011

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Namco America Inc., Namco-Bandai, arcade video game, video game, coin-operated video game, coin-op news, amusement business, Namco, arcade game

TOKYO -- Namco-Bandai said it achieved its financial goals for fiscal 2011, which ended on March 31. The company said it generated $4.88 billion in revenue and $22.9 million in profits.

The results represent a strong rebound. Last year Namco registered $370 million in losses on revenues of $4.68 billion.

For fiscal 2012, Namco-Bandai expects revenues to rise 1.5% to $4.95 billion. Profits are expected to more than triple to $99 million.