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Bandai Namco sees game revenue fall by 28%

Both sales and profits have dropped off at Bandai Namco as the company's games business failed to better last year's showing.

Bandai Namco has released its financials for the three months ended June 30, and the Japanese publisher has seen both sales and profits fall away.

Across the company as a whole, net sales fell by 0.5 percent year-over-year to 144 billion yen ($1.3 billion), while profits dipped by 27 percent to 13.49 billion yen ($122 million) during the same period. 

The company's home video game business also stuttered somewhat, with game revenues falling by 28 percent to 21.4 billion yen ($193.6 million). 

That's the despite the fact the publisher actually released 46 new titles this quarter as opposed to 41 last year. Those new releases sold 5.62 million units worldwide during the three month period, with 2.81 million of those sales coming out of Europe. 

Looking at the company's performance in the U.S and Japan, sales in those regions totaled 1.87 million and 930,000 units respectively. 

All things considered, Bandai Namco is now forecasting net sales of 620 billion yen ($5.6 billion) and profits of 40 billion yen ($362 million) for the end of this fiscal year on March 31, 2018.

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