Bandai Namco reports record sales and rise in profits despite video game decline
Bandai Namco has released its full-year financial results, showing a solid year for its overall business in the face of declines from its video games segment.The Japanese publisher recorded record high net sales of ¥1.05 trillion ($6.74 billion) and saw full-year profit rise more than 12% to ¥101.4 billion ($651.4 million).But while the Digital segment, which handles Bandai Namco's video game operations, saw both sales and profit fall year-on-year, all of its results were ahead of previous forecasts — by ¥5.2 billion ($33.4 million) in the case of profit. Read more
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