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Marvelous Entertainment hurt by Europe retailers dropping prices

We have not seen much of the effects of the economic downturn in Japan, but we have been affected greatly overseas. Especially in Europe, where the retailers drop prices without informing the maker. And they would claim the price difference from the maker later, almost as if that is the way that everything is supposed work. We’re already charging extra to cover costs for the price protection, but past late last year the prices have dropped below what can be covered by the amount, badly affecting the profits for our subsidiary in Britain. For the current financial year, we’re starting to take more money to compensate for price protection. – From Marvelous Entertainment’s annual report

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-Justin

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