It has been revealed that Bandai Spirits will officially merge with Banpresto as they dissolve.
Last month’s issue of National Printing Bureau’s Kanpō magazine, dated February 22nd, has revealed that toy company Banpresto has dissolved and will be merged with Bandai Spirits, Bandai Namco’s toys and hobby subsidiary. Bandai Spirits now own all rights and duties formally belonging to Banpresto.
Bandai Spirits was established on February 15th, 2018 by Bandai Namco as a subsidiary which absorbed the figure and plastic model side of the business and the convenience store goods business from Banpresto. The company had a capital stock of 100 million yen (about £692,000.06 in GBP) and about 450 employees at the time of it’s establishment.
Banpresto was founded as Hoei Sangyo, Co. Ltd. in 1977, and the company was renamed as Coreland in 1982. They then became a partially owned subsidiary of Bandai Namco in 1989 which is how they gained their most recent name. Banpresto became a wholly owned subsidiary of Bandai Namco in 2006.
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Source: Anime News Network