Namco Bandai Cuts Forecast - Plans to Buy Out Banpresto

[Geraldine Sosnowski]

---------- Forwarded message ----------
From: Geraldine Sosnowski <metal...@verizon.net>
Date: Feb 25, 2006 7:56 AM
Subject: CB BLUES* Namco Bandai Cuts Forecast - Plans to Buy Out Banpresto

apan's second largest maker of video games and toys, Namco Bandai reduced it's profit forcast by 55% according to a report released by Bloomberg.

Namco Bandai's net income in the year ending March 31 will hover around $93.7 million which is under the forcasted $205 million.  Sales will also be down 20 million yen. While operating costs are predicted to be lower, the company plans on taking a one time loss of 6 billion yen to cover the loss on software inventory from the fical year.

The company is offering to purchase any left over shares they don't own of Banpresto (Dragon Ball Z, Lupin, Puyo Puyo, Magna Carta) at a share rate 26% higher than the price the stock closed at in Tokyo.

From: http://www.gameinformer.com/NR/exeres/40f8ab85-3fc9-4d40-a445-bd7f1b7cd5e5.htm


I wonder what this will mean for the Cowboy Bebop game?
-Geraldine

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