dark        

SNK reportedly going public on the stock market, will hold anniversary panel at PAX East

0

Buy your own share of Terry Bogard

Korean financial publication The Bell is reporting that long-running Japanese studio SNK is preparing to go public on the stock market, alongside plans to buy up Japanese IPs and help boost profits.

The report suggest that the funds received from sales of SNK stock will be used to acquire already-existing properties, which will then, in-turn, provide further moolah for the company, renown for long running fighting game series such as The King of Fighters and Fatal Fury.

SNK hopes to work alongside industry giant Tencent in order to make the most of these planned acquisitions, and are hoping to increase their annual profit from ¥3.1 billion (as of July 2017) to a projected ¥5-6 billion. SNK have always struggled financially, but have seen their most positive figures in an age thanks to The King of Fighters XIV and the recent outpouring of their back catalogue.

In other news, SNK will be holding a 40th Anniversary panel at PAX East on April 6. The panel will feature SNK Heroines: Tag Team Frenzy director Kaito Soranaka and studio artist Naoto Abe. We can expect new character announcements for the all-gal brawler and other fun surprises.

SNK are preparing to take the company public [The Bell / Resetera]


You are logged out. Login | Sign up

 
 

 

TwitterRedditEmailFacebook
 
Chris Moyse
Chris MoyseWeekend Editor   gamer profile

Chris (Orochileona) has been playing video games since video games began... still terrible at them. Former Saturday Night Slam Master, rambles nostalgically like Abe Simpson. I ain't here to figh... more + disclosures


 



Also on destructoid: SNK Heroines: Tag Team Frenzy   (7)   From our database:

  • Zarina and Sylvie are headed to SNK Heroines: Tag Team Frenzy - Chris Moyse
  • NIS America President apologises to Sony for recent remarks in SNK Heroines: Tag Team Frenzy interview - Chris Moyse
  • SNK Heroines: Tag Team Frenzy joins an already stuffed September release schedule - CJ Andriessen
  • SNK Heroines: Tag Team Frenzy is getting an arcade release - Chris Moyse
  • SNK reportedly going public on the stock market, will hold anniversary panel at PAX East - Chris Moyse
  • SNK Heroines: Tag Team Frenzy shines in its simplicity - CJ Andriessen
  • SNK Heroines: Tag-Team Frenzy reveals Nakoruru in new trailer - Chris Moyse
  • (Update) SNK Heroines: Tag Team Frenzy throwing down on Nintendo Switch and PS4 - Chris Moyse
  • More related stories
    Filed under... #Announcements #Fighting Games #Industry Bull #japan #Money #PAX #Report #SNK

    READER COMMENTS LOADING BELOW...


    LET'S KEEP THE COMMUNITY GREAT


    You're not expected to always agree, but do please keep cool and never make it personal. Report harassment, spam, and hate speech to our community team. Also, on the right side of a comment you can flag nasty comments anonymously (we ban users dishing bad karma). For everything else, contact us!



     
     
  •