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Namco Bandai Holdings surged 96 yen, or 9.1 percent, to 1,150 yen after the entertainment company revised upward its earnings forecast for the business year through September.
TOKYO The global recession has taken a chunk out of the vidgame business everywhere--despite some blockbuster titles still setting' records--and Japan's Namco Bandai Holdings has been especially hard hit.
More recently it has kept the masses entertained with its Tekken fighting game series and merged with toy maker Bandai in 2005 to become Namco Bandai Holdings, and the third largest video game business in Japan.
Namco Bandai Holdings is aiming to strengthen its management team prior in line with the start of a medium-term business plan on April 1, company officials said.
Namco Networks America, Inc., a subsidiary of Namco Bandai Holdings (USA) Inc., is a worldwide leader in cutting-edge, digitally distributed casual entertainment for the mass-market consumer.
According to Reuters, wireless carrier Willcom Inc, in partnership with toymaker Bandai Co, a unit of Namco Bandai Holdings Inc, is the latest provider to launch a mobile phone for children.
Namco Bandai Holdings added 84 yen, or 8.0 percent, to 1,138 yen after the entertainment company revised upward its earnings forecast for the whole business year through September.
The tie-up would create Japan's second-largest toymaker after Namco Bandai Holdings Inc., to be set up Sept.
Namco Bandai Holdings, which cut its profit forecast by 38 percent on uncertainties in the global economy, plunged by its daily limit of 200 yen, or over 15 percent, to 1,095 yen.
Namco Bandai Holdings said it has obtained the German firm's consent for the planned acquisition, estimated worth about 9 billion yen ($78.5 million).
Nippon Yusen gained 50 yen to 1,116 yen and Namco Bandai Holdings moved up 12 yen to 1,993 yen.