News
Namco Bandai Cuts Forecast
posted on by Christopher Macdonald
Profits to be 55% Lower than Expected. Banpresto.
According to Bloomberg, Namco Bandai Holdings has cut its profit forecast for the 2006 fiscal year, ending March 31, by 55% to 11 billion yen (US$93.7 million).
Overall, sales are expected to be 450 billion yen, 4% lower than previously forecast.
The company cited below expected sales of Banpresto for 18.3 billion yen, a 26% over the current market value of Banpresto's shares. The arcade and console game manufacturer, would then become a wholly owned subsidiary of Namco Bandai.
Overall, sales are expected to be 450 billion yen, 4% lower than previously forecast.
The company cited below expected sales of Banpresto for 18.3 billion yen, a 26% over the current market value of Banpresto's shares. The arcade and console game manufacturer, would then become a wholly owned subsidiary of Namco Bandai.
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