Nippon Ichi has posted a 97.5% decrease in operating profits, and trading in its shares has temporarily been suspended due to their value plummeting 19.34% in a single day.
According to their own financial statements, the company’s performance has been dire:
In the second half of the year, titles like Antiphona and La Pucelle performed drastically worse than anticipated.
Orders for 5 titles last quarter were poor.
As a result, planned development of two titles for release next term has been suspended.
We intend to announce a careful focus on a few select titles.
Due to these results, [and the down-valuing of titles in development by ¥82,000,000] operating profit is now ¥4,806,000, a 97.5% reduction on the same term last year.
Whilst still not making an actual loss (barely), market confidence in the company’s recovery is evidently not high.
With the company reduced to recycling old games onto the PSP and producing risible PS1 era games on the PS3, the future does not seem bright for the once esteemed Nippon Ichi.
this is what happen when you forget the importance of storyline
Im gonna eat s♥♥t if atelier rorona and mana khemia 3 doesnt come out
At least GUST is doing well…..
-_-
Games suck in general nowadays, Scamco’s reaping what they’ve sowed and Nippon Ichi is following the same path. This should be a wake up call to all these other companies who think past glory or fan nostagia is going to save them this time around.
Games do NOT suck in general today. I don’t know what world you are living in, but 99% of games I have seen are worthy of a play….. that’s been true since the Nintendo 8-bit days.
Don’t over react they’re not making a loss.
This is actually good news.
They’re still making a 2.5% profit after all their expenses.
>implying that barely making profit is good news.
It’s not worth anyone’s time to run a business with such low profit margins.
And operating profits don’t account for overhead costs.
Wow what a horrible understanding of economics in the short run and long run. Most places will stay in business even if they are not turning a profit. The only way they close down is if that minimizes any loss more than staying open. In the long run all companies will experience a return to scale and make zero profit, so turning any kind of profit is great.
Good I hope this joke of a company falls flat on it’s face, and goes out of business.