In fiscal year 2019, the net income of Bandai Namco amounted to approximately 571.71 million U.S. dollars worldwide. This represented a significant change over fiscal year 2010, when the company reported a net loss of 322.56 million U.S. dollars. Bandai Namco is a Japanese multinational video game developer and publisher, headquartered in Minato-ku, Tokyo. The company has produced several multi-million dollar video game franchises, including Tekken, Pac-Man and Galaxian, and it also owns the licenses to Dragon Ball and Naruto. The fiscal year ended March 31.
The video game industry
The video game industry consists of the development, marketing, and monetization of video games. It encompasses dozens of job disciplines and its component parts employ thousands of people worldwide. Video games are mostly played on PC and consoles. Two of the most popular consoles in the world, the Xbox and PlayStation, are owned by Sony and Microsoft respectively. Video game developers such as Bandai Namco, create and sell video games to be played through several consoles. The video game industry is still growing; it has been projected that the video game market will be worth 180.1 billion U.S. dollars by 2021.