{"id":32786,"date":"2024-06-21T11:10:31","date_gmt":"2024-06-21T02:10:31","guid":{"rendered":"https:\/\/automaton-media.com\/en\/?p=32786"},"modified":"2024-07-03T18:52:49","modified_gmt":"2024-07-03T09:52:49","slug":"bandai-namco-online-in-state-of-insolvency-due-to-8-2-billion-yen-loss-and-negative-net-income","status":"publish","type":"post","link":"https:\/\/automaton-media.com\/en\/news\/bandai-namco-online-in-state-of-insolvency-due-to-8-2-billion-yen-loss-and-negative-net-income\/","title":{"rendered":"Bandai Namco Online in state of insolvency due to 8.2 billion yen loss and negative net income\u00a0"},"content":{"rendered":"\n

Bandai Namco Online <\/strong>has reported a net loss of 8.201 billion yen (over 51 million dollars) in the fiscal year ending March 2024. Due to its growing negative net income, the company has become insolvent (source: GameBiz)<\/a>.\u00a0Insolvency refers to a temporary state of financial distress and is not equal to or indicative of bankruptcy.<\/strong><\/p>\n\n\n\n

Bandai Namco Online is a wholly owned subsidiary of Bandai Namco Games specialized in developing and managing online games. Titles currently run by the company include Blue Protocol, IDOLiSH7, Gundam Tribe, Gundam Evolution and SD Gundam Operation. The free-to-play MMORPG Blue Protocol was the only new title to be released in the past fiscal year, and its underperformance has resulted in significant financial losses for the company (which Bandai HD has previously addressed<\/a>). <\/p>\n\n\n\n

This has contributed to Bandai Namco Online reporting a negative net income and total loss of 8.201 billion in fiscal year 2023. Furthermore, the company was in the red in the previous year too, reporting a net loss of 3.98 billion yen. The growing deficit margin has led to the company becoming insolvent. The graph below (by GameBiz<\/a>) puts into perspective the scale of Bandai Namco Online\u2019s losses in the past two years. <\/p>\n\n\n\n

\"\"
Bandai Namco Online’s yearly net income from FY2009 to FY2023 (unit: 100 million yen)<\/em><\/figcaption><\/figure>\n\n\n\n

An industry professional has commented<\/a> that the kind of losses we are seeing with Bandai Namco Online are likely a case of the developers inflating development costs by making, scrapping and remaking large-scale projects to improve them \u2013 which subsequent sales are not able to make up for. <\/p>\n\n\n\n

On the other hand, Bandai Namco Holdings (which owns Bandai Games and Bandai Online) reported its highest net sales and net profit to date<\/a> in fiscal year 2023, but this profit was propped up by its Toy and Hobby sector and Amusement sector. 
<\/p>\n\n\n\n

Update: Added clarification regarding the term “insolvency” (July 3, 2024 6:45 PM JST)<\/p>\n","protected":false},"excerpt":{"rendered":"

Bandai Namco’s online game subsidiary becomes insolvent after 8.2 billion loss and two-year consecutive deficit.<\/p>\n","protected":false},"author":55,"featured_media":23370,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","footnotes":""},"categories":[3],"tags":[17],"class_list":["post-32786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-japan-related-news"],"blocksy_meta":[],"yoast_head":"\nBandai Namco Online in state of insolvency due to 8.2 billion yen loss and negative net income\u00a0 - AUTOMATON WEST<\/title>\n<meta name=\"description\" content=\"Bandai Namco's online game subsidiary becomes insolvent after 8.2 billion loss and two-year consecutive deficit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/automaton-media.com\/en\/news\/bandai-namco-online-in-state-of-insolvency-due-to-8-2-billion-yen-loss-and-negative-net-income\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bandai Namco Online in state of insolvency due to 8.2 billion yen loss and negative net income\u00a0 - 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