RPGFan


Taito Sees Major Decline in Profit
04.26.05 - 9:42 PM

Taito today announced its financial results for the previous fiscal year which ended on March 31st. While sales rose by 1.9% compared to fiscal year 2003/2004, to reach 84.56 billion yen ($800.53 million US), net profit was down by 51.1% to reach 1.78 billion yen ($16.85 million US). Please note, that these figures are not consolidated as usual in our coverage, because Taito has yet to publish its consolidated results.

While the company's arcade and mobile content divisions can look back at a successful 12-month period, the (console) game business saw its sales decline by 24.6% to 6.74 billion yen ($63.81 million US). Costs related to opening new game centers and renovating existing also contributed to the lower than expected profit figure.

For the current fiscal year, Taito projects a net profit of 2.3 billion yen ($21.77 million US) on sales of 92 billion yen ($870.97 million US). In order to achieve these projections, the company plans to focus its resources on its arcade and content service operations, while reducing the development costs of its console games.

Following a licensing deal with Nihon Falcom last year, Taito has already released Zwei and Ys III: Wanderers from Ys for PlayStation 2 in Japan. A remake of Ys IV: Mask of the Sun -a new theory- will follow on May 26th.


Back
Chris Winkler




Twitch Schedule & Status

Dragon Quest Builders
Sunday, April 22 • 10am PST/1pm EST

TBA
Mondays • 6pm PST/9pm EST

Alundra
Tuesdays • 12pm PST/3pm EST

MS Saga: A New Dawn
Thursdays • 3pm PST/6pm EST

Earthbound
Fridays • 3pm PST/6pm EST

Persona 4 Golden
Tues-Wed-Thu • 7pm PST/10pm EST
Saturdays • 5pm PST/8pm EST

Seiken Densetsu 25th Anniversary Orchestra Concert CD Review

Seiken Densetsu 25th Anniversary Orchestra Concert CD

Review
Kingdom Come: Deliverance Review

Kingdom Come: Deliverance

Review
Retro Encounter 132

Retro Encounter 132

Podcast
Healer's Quest Review

Healer's Quest

Review
Random Encounter 142

This is Your Story: Share Your Tale!

Feature