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Tokyo RPG Factory Absorbed by Square Enix

Artifact in the Snow from I am Setsuna, a Tokyo RPG Factory game

Square Enix has completed an absorption merger of subsidiary Tokyo RPG Factory. Originally established in 2014, the studio produced just three games in its ten-year history: I am Setsuna in 2016, Lost Sphear in 2017, and Oninaki in 2019. Square Enix gave little reasoning for the closure, simply stating that the company and its IP would be fully transferred to the parent company.


Tokyo RPG Factory and fellow subsidiary Studio Istolia (shuttered in 2019) were singled out by Square Enix as a major source of losses in their 2019 fiscal reporting. The merger also comes less than 12 months after a “reorganization” led to the closure of Luminous Productions, the studio responsible for the divisive titles Final Fantasy XV and Forspoken.

It is unclear at this point what Square Enix will do with the resources and personnel they have integrated, but we at RPGFan can only hope this team will be given opportunities to contribute to great RPGs rather than being left out in the cold.

Source: Gematsu

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Claton Stevenson

Claton Stevenson

Claton (yes no "Y") is an RPG obsessed News Editor. Claton fell in love with the genre whilst watching his childhood friend spam GF summons in FF VIII; thinking "wow these graphics are just like real life. Is this really a game"? He’s been chasing that feeling of awe and wonder ever since. Who knows? Maybe he’ll find it right here with RPGFan. When he’s not writing for RPGFan, you’ll find him nonchalantly leaning against the ballroom wall being the “best looking guy here.” …whatever.

1 Response to Tokyo RPG Factory Absorbed by Square Enix

Jack Ripper

Probably closed because of the bad sales number.

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