By March 2010, Japan's Namco Bandai estimated that net income was going to be ¥8.5 billion ($93 million) in the black. That figure has changed from profit to loss — a big loss at that.
The company now estimates that it will be posting ¥31 billion ($342 million) loss this March.
To counteract these losses, Namco Bandai has announced it will undergo a restructuring. By the end of the 2010 fiscal year, Namco Bandai is planning to reduce its 7,000 person workforce by 630 staffers.
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The decline in earnings is blamed on poor performance of key titles.
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