Namco Bandai expected to be in the black with a profit of 8.5 billion yen ($94 million). Instead they reported a total loss of 31 billion yen ($343 million).
Namco Bandai will go through through a major restructuring and cut 630 jobs out of their 7,000 employees by the end of their next fiscal year. These cuts will be across the company, including their video game division.
Their top selling video game this past holiday season may surprise you. It wasn’t Tekken 6 or Tales of Vesperia. It was Ben 10 Alien Force which moved 870,000 copies across all platforms. Ben 10 Protector of the Earth was number two with 540,000 copies sold. Both of these games come from D3 Publisher which Namco Bandai purchased last February.
Tales of Vesperia (PS3 and Xbox 360) was number four with 400,000 units in sales. Tekken 6 was number eight with 400,000 units, sandwiched between two games only for Japan, Mobile Suit Gundam: Gundam vs. Gundam Next Plus and Taiko no Tatsujin Wii Do doon Ni-da-me!
