Syndicated from Japanator
It's a painful time at Nippon Ichi, dood.
As was noted at Destructoid noted earlier today, Nippon Ichi Software took a major beating this fiscal year, with its operating profits down by a staggering ninety-seven-point-five percent. It got so bad that the JASDAQ securities exchange was forced to freeze the stock's price after investors bailed out, taking another 20% of share value with them.
Siliconera took a look at this year's release history and compared it to last year's, finding, as our own Dale North commented, that this fiscal year has been heavier on ports and sequels. Also, fiscal 2010 has seen a significantly higher number of total releases, which subsequently increased the risk being taken on by the now-beleaguered publisher.
It's not completely over yet. Nippon Ichi is still profitable (though only just), and between Japan and North America still has several games due before the end of the fiscal period, including Sakura Wars: So Long, My Love and the crazy Ultimate Hero Modding Project. Here's to hoping they can ease the pain.