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Namco Bandai revenue increases, Dark Souls 2 ships 1.2M units in Europe and US

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Namco Bandai Holdings has announced the financial results for the end of its fiscal year, revealing that the company saw increases in net sales and gross profit and that Dark Souls 2 shipped 1.2 million units in Europe and the U.S. combined.

Gross profit for the company increased by 16 percent year-on-year, rising from 164 billion yen ($1.61 billion) to 190 billion yen ($1.86 billion). Operating income reached 44.6 billion yen ($438 million) and net sales increased by 104.2 percent over the previous year to 507 billion yen ($5 billion). Namco Bandai's net income for the year ending March 31, 2014 saw a 23 percent decrease over last year, dropping from 32.4 billion yen to 25 billion yen ($245 million).

The company's forecast expects 500 billion yen in net sales, 187 billion yen in gross profit, 45 billion yen in operating incoming and 25 billion yen in net income. Net sales for game software for the year hit 84.9 billion yen ($834 million) and the company expects to hit 80 billion yen in net sales next year.

Namco Bandai recorded strong sales in the U.S. and Europe for From Software's Dark Souls 2 within a few weeks of its launch. For year ending March 31, 2014, the company shipped 1.2 million units of the title, which launched in the U.S. on March 11. Dragon Ball Z: Battle of Z hit 620,000 units in U.S., Europe and Japan. In Japan, God Eater 2 shipped 700,00 units, Jojo's Bizarre Adventure All Star Battle reached 550,000 units and Disney Magic Castle moved 500,000 units.