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Zachary Pintchik
Nippon Ichi Loses Money, Cancels Games, Loses More Money
We're rooting for you d00ds!
08.10.10 - 12:41 AM

It hasn't been a great year for Nippon Ichi Software. Their recently published Q1 earnings report showed an unfortunate 40.6% decrease in revenue compared to Q1 2009, stemming from an operating loss of Ľ15 million (c.f. last year's surplus of Ľ12 million).

These less than savory market conditions led NIS to cancel three games and take a one-time loss of Ľ21 million ($244,545.00). The three games were unannounced titles, so you can still look forward to the games announced at NIS America's Spoiler Party 2010.

Despite the losses and cancellations, things are starting to look up. NIS has already made Ľ32 million ($372,640) in profits on Ľ269.75 million ($3.14 million) in sales this fiscal quarter, and with their new emphasis on developing fewer - but higher quality - games should see those profits continue to increase in the near future.


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