Namco Sees Profits Jump

Officials from Namco have announced that the company's group net profit has jumped some 83.3% to ¥7.55 billion ($66.7m), in the fiscal year ended March 31. At the same time pre-tax profits for the year rose by 64.4% to ¥14.43 billion ($127.5m) on operating revenues of ¥172.59 billion ($1.52bn), up 11.5%. The growth is being attributed to particularly strong sales of arcade hardware, as well as home console titles. At the same time officials announced plans to celebrate the company’s fiftieth anniversary with the above logo, due to appear on a verity of promotional campaigns and advertisements. The logo includes the image of a fairground horse, designed to symbolise the company’s origins as a fairground ride operator. Source: Japan Today