Read from Twinfinite and BAMCO's press release:
Basically, the company is dropping its North American arcades under Namco USA, since their performance has been impacted heavily by the COVID-19 pandemic and the expectation is that the difficult situation will continue.
As a consequence, Bandai Namco is also reporting reporting an extraordinary losses (which incidentally means it’s a “one-time” loss in financial terms) of approximately 13.0 billion yen as business structural reform costs.
The company will sell the businesses and related fixed assets of 34 directly owned stores, one large directly owned store, and 760 revenue-shared locations to three external companies in the same line of business.
Basically, the company is dropping its North American arcades under Namco USA, since their performance has been impacted heavily by the COVID-19 pandemic and the expectation is that the difficult situation will continue.
As a consequence, Bandai Namco is also reporting reporting an extraordinary losses (which incidentally means it’s a “one-time” loss in financial terms) of approximately 13.0 billion yen as business structural reform costs.
The company will sell the businesses and related fixed assets of 34 directly owned stores, one large directly owned store, and 760 revenue-shared locations to three external companies in the same line of business.
