Banpresto
Banpresto was founded by Japanese businessman Yasushi Matsuda as Hoei International in April 1977. Its poor reputation led to its name being changed to Coreland Technology in 1982, becoming a contractual developer for companies such as Sega. Coreland was majority-acquired by Bandai in 1989 following severe financial difficulties and renamed Banpresto, becoming Bandai's arcade game division. Banpresto focused primarily on producing games with licensed characters, such as Ultraman and Gundam. Its sharing of Bandai's library of popular characters allowed the company to become one of Japan's largest game publishers in the 1990s. The company's  first hit was the Family Computer role-playing game (RPG) "SD Battle Ōzumō: Heisei Hero Basho" in 1990. The tactical RPG "Super Robot Wars" became one of Banpresto's biggest hits, spawning an extensive franchise with several sequels, spin-offs, and other forms of media. Banpresto was negatively impacted by the Japanese recession during the late 1990s, as well as a failed merger between Bandai and Sega in 1997, as it began enduring several financial losses. In 2006, Banpresto became a wholly-owned subsidiary of the entertainment conglomerate Bandai Namco Holdings. It continued producing games until 2008 when it was  absorbed by Namco Bandai Games, and its toy and arcade divisions were spun-off into an unrelated company that carried the same name. Banpresto produced several successful video game franchises, including "Super Robot Wars", "Compati Hero", "Sailor Moon", "Summon Night", and "Another Century's Episode". It also operated amusement facilities across Japan, including Hanayashiki, as well as producing model kits, stuffed toys, and UFO catcher prizes. Banpresto has been credited for contributing to the rise in popularity of crossover video games and licensed characters for arcades, though the quality of its creative output has been criticized. History. Origins and acquisition  by Bandai (1977–1989). In April 1977, Japanese businessman Yasushi Matsusa established Hoei Sangyo Co. Ltd. (Hoei International) in Tanashi, Tokyo. His business began as a manufacturer of arcade cabinets for other companies, as Japan's coin-operated game industry had seen considerable economic growth throughout the decade. In addition to distributing games from other manufacturers across the country, Hoei Sangyo also began production of its own games in-house, the majority being clones of other popular games like "Space Invaders". Matsusa's business established a relationship with Esco Trading, a company formed by Sega president Hayao Nakayama, which gave the  latter the rights to distribute Hoei Sangyo's video games to other parts of Japan. Hoei Sangyo released its first original video game in 1981, "Jump Bug", an early side-scrolling platform game released outside Japan by Rock-Ola. Hoei Sangyo was reorganized into Coreland Technology Inc. in June 1982, where it became a contractor company that developed games for other games. One of its first projects was "Pengo", which was released the same year by Sega. "Pengo" was successful arcades and lead to several sequels and home conversions. Coreland also designed games such as "4-D Warriors" and "I 'm Sorry" for Sega, and "Black Panther" for Konami. In the late 1980s, Coreland established a partnership with toy company Bandai, known for its model kits and action figures based on popular characters like "Mobile Suit Gundam". At the time, Bandai was suffering from numerous financial difficulties as a result of the slumping Japanese toy market affecting the demand for its products. Coreland's positive track record was the primary reason for the partnership, as Bandai hoped it would allow itself to secure a stronghold in the coin-op industry. However, Coreland was undergoing its own financial constraints, having accumulated  more than 1.5 billion in debt due to poor sales. As contractual agreements prevented Bandai from backing out of its deal, it chose to majority-acquire the company in February 1989. Coreland was reorganized again into Banpresto; the name came from a portmanteu of "Bandai" and "presto", a word used to describe magic. Yukumasa Sugiara, a member of Bandai's board of directors, became the company's president. Section::::"Super Robot Wars" and expansion (1989–1996). Banpresto underwent significant changes as a result of Bandai's acquisition. Becoming the company's arcade game division, Banpresto was given the exclusive rights to use  Bandai-owned characters for video arcade games and children's rides. It was also allowed to produce games for home video game consoles, such as the successful Nintendo Family Computer (Famicom); Banpresto received strict orders to not release any games that could compete with those from Bandai. One of the company's first projects was "SD Battle Ōzumō: Heisei Hero Basho", a crossover for the Famicom featuring "super-deformed" interpretations of Gundam, Ultraman, and Kamen Rider. It is often credited as the first video game to cross over characters from other forms of media. "Heisei Hero Basho" was developed by  Banpresto staff as a congratulatory gift to Sugiura shortly after assuming role of company president. Beginning April 1990, the company supplied video arcades with prizes for UFO catchers and merchandiser machines, such as those designed after "Ultraman" and "Kamen Rider" characters. Over 70 million were sold in the year 1990 and contributed to Banpresto's 30 million capital increase. In April 1991, Banpresto introduced "Super Robot Wars", a tactical role-playing game for the Game Boy. Developed by external studio WinkySoft, it was a spiritual successor to its "Compati Hero" series of games, crossing over popular mecha licenses like "Getter  Robo" and "Mazinger-Z". "Super Robot Wars" was a commercial success, attributed to its release during the popularity of mecha anime in the early half of the decade. It became one of the company's most-successful games, spawning a multi-million-selling franchise with several sequels, remakes, and other forms of media. "Super Robot Wars" is considered important and influential for the genre, and contributed to the early success of the "SD Gundam" media franchise. As of 2016, the "Super Robot Wars" series has sold over 16 million games across all available platforms. Banpresto also began producing children's  rides, using the likenesses of characters such as Anpanman, Super Mario, and Thomas the Tank Engine. By 1992, Banpresto was worth 1.4 billion yen. The company began expanding its operations as a result, starting with the establishment of Sanotawa, a sales and distribution network subsidiary, in February. Banpresto found additional success in arcades with the release of Ugougo Luga, a stuffed toy that sold over 2.6 million by the end of the year. The company continued to develop and publish video games for home consoles. Among its most successful releases was "Super Puyo Puyo", a Super Famicom conversion of Compile 's "Puyo Puyo" series that sold over one million copies. In February 1994, Banpresto established Banpre Kikaku, Ltd. in Kita, Osaka, which became its primary video game development division. As Banpresto was largely a publisher of games by other studios, the move allowed it to experiment with original game concepts and handle development of video games in-house. In addition, Banpre Kikaku also served as a second office, and assisted in its parent company's sales programs and product distribution. Unifive, a producer of merchandiser games, became a wholly-owned subsidiary in March as part of the company's continuing  expansion in the arcade industry. Banpresto began to spread its operations throughout other parts of Asia; Banpresto H.K. was founded in Hong Kong in June to import and distribute Banpresto-developed goods across the country. Restructuring and continuing expansion (1996–2005). In January 1996, Banpresto assisted in the founding of the Computer Entertainment Software Association (CESA), an organization funded by other game companies to allow for firm communications between each other. The company continued to publish games by external companies, including Gazelle's "Air Gallet" and Fill-in-Cafe's "Panzer Bandit". Bandai Namco takeover and dissolution (2005—2008). In September 2005 , Bandai merged with fellow game company Namco to establish a new entertainment conglomerate, Namco Bandai Holdings. Namco and Bandai's video game operations were merged and transferred to a new subsidiary, Namco Bandai Games, in March 2006. Banpresto became a wholly-owned subsidiary of Namco Bandai Holdings upon the formation of Namco Bandai Games, however the merge had little effect on the company itself. The company reported considerable financial success following the merge in April, as its net income forcast exceeded the expected 1.6 billion to 2.1 billion. The company continued to produce games based on licensed properties, notably "Crayon  Shin-Chan", as well as selling arcade game equipment and maintaining its video arcade chains. In November 2007, Namco Bandai Holdings announced that Banpresto's video game development would be merged with Namco Bandai Games, with the latter assuming control of all Banpresto-owned franchises. The merge took place on April 1, 2008, with Banpresto being reorganized as a producer of toys and prize machines for Japan. Pleasure Cast and Hanayashiki subsequently became subsidiaries of Namco, while Banpresoft became a wholly-owned division of Namco Bandai Games. Until February 2014, Namco Bandai Games continued using the Banpresto label on several  of its games to signify the brand's legacy.