Video game software maker Namco Ltd. said Tuesday it has raised group earnings projections for the fiscal first half despite cutting its projections for the full year to March 31.
Namco said it expects a group pretax profit of 1.4 billion yen and a net profit of 950 million yen on sales of 68.8 billion yen for the first half.
In its initial projection, released May 23, it estimated a consolidated pretax loss of 2 billion yen and a net loss of 500 million yen on sales of 65.4 billion yen.
The upward revision is due mainly to better-than-expected business during the first half, particularly in home game software sales in the U.S. market, it said.
Namco revised downward its earnings projections for the full year, taking into account the negative effects of the Sept. 11 terrorist attacks on the United States.
It now estimates a full-year group pretax profit of 3.9 billion yen and a pretax profit of 1.9 billion yen on sales of 151.1 billion yen.
The new projections compared with a 4.3 billion yen pretax profit and a 2.6 billion yen net profit and sales of 155.2 billion yen predicted May 23.