FuRyu temporarily suspending its games business
Posted on July 1, 2018 by Brian(@NE_Brian) in General Nintendo, News
FuRyu is known in the Nintendo scene for its RPGs The Legend of Legacy and The Alliance Alive. The studio is also publishing Work x Work and Beyblade Burst: Battle Zero on Switch in Japan later this year.
In its latest shareholder report, FuRyu stated that it will “temporarily suspend” its games business, though current titles in production will not be affected. President and CEO Takashi Mishima explained that the company was “struggling to recover our heavily invested games business, and growth in the main business was also sluggish, which led to a major disparity from the overall initial plan.”
Mishima’s full statement reads:
“In our games business, we strived to monetize the sector through mixed media developments. However, we were struggling to recover our heavily invested games business, and growth in the main business was also sluggish, which led to a major disparity from the overall initial plan.”
“Investment in game development will be temporarily suspended, and we will maximize our focus on the monetization of the titles that we have already invested in. We have also already invested in anime for our mixed media developments, and we plan to maximize revenue in the synergy between our anime and games this fiscal year. Additionally, we will revise advertising expenses and the like for our games business.”