Namco Bandai financials: profits up 71.7% to $303 million

Namco Bandai has reported its financials for the nine months ending December 31. The firm reported net income (profits) of ¥28 billion ($303 million), up 71.7% from ¥16.3 billion ($177 million) year-over-year.

Sales were up 8.4% year-on-year to ¥350.6 billion ($3.8 billion), from ¥323.4 billion ($3.5 billion) year-over-year.

The firm has projected its full fiscal year 2013 revenue, ending on March 31, to be up by 1.3% to ¥460 billion ($5 billion) with a full-year profit of ¥24.5 billion ($265 million), up 26.9% from November's previous projection.

Q3 sales from games software and arcade game machines were ¥184.9 billion ($2 billion) up 22% from ¥151.4 billion ($1.6 billion) the prior year.

Game software sales reached ¥59 billion ($638 million) with arcade machines accounting for ¥49 billion ($531 million) of total revenue.

Tekken Tag Tournament 2 sales hit 1.35 million worldwide, and for the reporting period, Soul Calibur 5 sold 870,000 bringing its worldwide total to 1.56 million.

Naruto: Ultimate Ninja Storm - Generations moved 660,000 units, and Tales of Xillia 2 moved 500,000 between its November release and December 31.