Namco Bandai's year-end revenues rise despite missing Tekken target

Namco Bandai's yearend revenues rise despite missing Tekken target
Namco Bandai released its financial results for the end of its fiscal year today, noting increased earnings in multiple sectors despite missing sales targets for Tekken Tag Tournament 2 and Tales of Xillia 2.

The company's worldwide net sales grew by 7.3 percent, ending this fiscal year at ¥487 billion (approximately $4.9B), compared to last year's earnings of ¥434 billion. Namco Bandai's net income for the year ending March 31, 2013 was ¥32.4 billion ($327M), a 67.8 percent increase over last year's reported ¥19.3 billion.

Regional sales saw significant boosts. Net sales of Namco Bandai products in Japan increased 7.3 percent year-over-year to ¥406 billion ($4.1B), while sales for the Americas rose 38.3 percent, finishing at ¥33.6 billion ($339M).

The report additionally reveals that Namco Bandai failed to meet shipping targets for some of its key titles. Siliconera notes that Namco Bandai expected to ship 1.7 million units of Tekken Tag Tournament 2 worldwide, but came up short at 1.5 million. The Japan-exclusive RPG Tales of Xillia 2 shipped 500,000, missing its initial target of 650,000 units.

Other big titles for the company include SoulCalibur V, which shipped 1.05 million units worldwide in the fiscal year ending in March, and two entries in its Naruto Shippuden series, which shipped a combined 1.76 million units across all regions.

This article was originally published on Joystiq.