This is just about as bad as a Prinny accidentally exploding right in the middle of your party.
Nippon Ichi's financial earnings were released, and it looks that the Japanese game company is running about as well as a peg-legged penguin. It seems that operating profit is tdown 97.5 percent for the first nine months of this financial year. Their closing price was ¥36,200 on Friday. After the financials got out, it dropped ¥7,000 as many jumped ship. With that 20% drop, the JASDAQ froze the price. Yikes.
I love Nippon Ichi, so I hate to hear this. What's the deal? I hate to say it, but I'm thinking that they're going port and sequel crazy lately, and that's not resonating with Japanese fans as much as NI hoped it would. Here's to hoping that they pull out.
Nippon Ichi Software, This Can't Be Good (Part II) [Kotaku]
Dale North is Destructoid's Editor-In-Chief, a founding editor, and specialist in Japanese gaming. An accomplished musician, Dale was reporting from Japan during the earthquakes of 2011. Luckily, he got the fuck out alive and is home in America now with his wife and beloved corgi, Einstein. Dale is also a co-founder of Destructoid's sister anime site
Japanator. Likes Corgis, Sega Saturn, PSP, iPhone, Photographic tools.
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NIS still made a profit. While their profit is down, they are still making money.
An "operating profit" is when you take out all expenses after the profits have been summed up. Yes, this COULD mean that they just didn't make as big of a profit as they did last fiscal year, but it could also mean any of the things I mentioned above, or more.
Stop having knee-jerk reaction to every little bit of news without having any of the side info, please.
The fact that NIS is still even making a profit period is actually amazing given the state of the world's economy right now.
especially by.. ugh... SquareEnix...
This is not NISA, this is NIS(J).
Anyway, I dun want Prinnies to die! D:
The big issue is that Last Rebellion tanked in Japan. I don't think Trinity Universe is going to do that well either.
Their operating profit is down nearly 100%. They almost did NOT make a profit. Say I run a lemonade stand and make $100 a day. I start making the lemonade too bitter or I spend too much on the ingredients so that my profits drop to less than $3 a day. For all the work I do, does three bucks sound like I'm doing all right?
NIS could be making potentially much more money, if they got their games onto 360 or PS3. Focusing on PS2/PSP games is cool and safe enough, but they don't seem to be learning any new tricks beyond 2d style stuff. A recipe for disaster.
Oh well, we'll see soon enough.
Then everyone would complain that they wouldn't pay for "next-gen" games that look like PS2 games, just like they did with Disgaea 3!
Needs moar gaemz. Not PSP gaemz
I hate to say it, but NIS relaly needs to step it up. No more remakes (as much as I love Disgaea 2 on the PSP) or half-assed PS2 assets. What they need to do is buckle down and make another cult hit. And while graphics aren't the most important thing, it's about time they start using HD 2D sprites and actually use the technology that's available to them.
NIS is one of my favorite devs and it sucks to see them doing badly, but when they're using PS2 sprites in a PS3 game, something needs to change.
When NIS starts making a loss and they have to go into the red to pay their fees and salaries, that's when things become troublesome. And like I already pointed out, this doesn't mean that their actual profits were down as much as the article says, as they could have done any number of things (like purchase new equipment or computers, or hired on a bunch of new staff) to lower their operating profits.
Unless we take a very close look at their financial records, we have absolutely no context for this news and reacting to it is just jumping the gun.
Best regards, Anna, CEO of iscsi for linux and itunes