This could be a tough year for Bandai NAMCO as the company estimated that it maybe losing ¥31 billion ($342 million) in March 2010.
To counteract these losses, Namco Bandai has announced it will undergo a group restart plan which will include trimming 630 staffs from the existing 7,000. The parent company hopes to trim about 8 billion yen (US$90 million) in its expenses.
The company cited the sudden drop in sales for both video games and video/music titles.
Moving forward, the BANDAI NAMCO Group will continue to provide "Dreams, Fun and Inspiration" to people around the world through entertainment based on creativity and boundless enthusiasm.
More detail here and here.
I hope their restart plan can bring about positive results.