Bandai Namco Online, the subsidiary ofBandai Namcodedicated toMMORPGsand other digital products, has declared insolvency due to its growing net negative income with a net loss of 8.201 billion yen, over 51 million dollars, in the fiscal year ending in March 2024.
Bandai Namco Online Declares Insolvency
Bandai Namco Online is a separate entity of Bandai Namco dedicated to MMORPGs and other digital products, and it has announced massive losses which leaves them in a state of insolvency.
The company, known for popular titles like Gundam Evolution, Gundam Tribe, and SD Gundam Operation, as well as the recent release ofBlue Protocolin Japan, suffered losses amounting to 51 million dollars between March 2023 and April 2024.
Despite the financial situation of its online subsidiary, the parent company,Bandai Namco Holdings, maintains a strong market position. During the last fiscal year,Bandai Namco Holdingsachieved record results in terms of revenue and profits, demonstrating its ability to withstand the difficulties faced by its online gaming division.
The insolvency declaration of Bandai Namco Online reflects the current challenges in the video game industry, where high development costs and the risks associated with new projects can significantly impact companies' finances.
Despite this news,Bandai Namcohas announced the date and time for theirSummer Showcase 2024, perfect for gathering with friends and discussing what games the Japanese company has in store.
What Will We See At The Bandai Namco Event?
It seems that Bandai Namco is not satisfied with launching, as a publisher,Elden Ring: Shadow of the Erdtreethis Friday or the new Dragon Ball game later this year. They have organized the so-called Summer Showcase during Anime Expo 2024, where they will proudly display their licenses. This event will take place on July 5th.
They have hinted at what we will see during the event, which will be in-person and is expected to be streamed online.
The Showcase will last approximately 90 minutes and will focus on updating information on the development or content of franchises such asDragon Ball, Gundam, and Sword Art Online, among others.
While some surprises are expected, we know that bothDragon Ball: Sparking! ZERO and Sword Art Online: Fractured Daydreamwill be part of the event, and they might even share the much-anticipated exact release date for the latter.
With this triumphant return to theSummer Showcasepanel atAnime Expo, Bandai Namco reaffirms its commitment to anime and video game fans, but this is far from the only event we will enjoy this summer.
This suggests that the stability and financial success of the parent company offer a glimmer of hope and indicate that, with the right strategy, it is possible to overcome such obstacles.
Be sure to check out other newsDiablo 4 Announces Season 5 & Vessel of Hatred Expansion Detailsand alsoFinal Fantasy XIV Dawntrail Early Access from June 28th
