NIS America saw a large-scale decline in profits in the past year 

NIS America's financial results for the fiscal year ended March 2025 showed a 59.4% decline in ordinary profit and 61.3% decrease in net profit.

The Legend of Heroes: Trails through Daybreak II

NIS America’s financial results for the fiscal year ended March 2025 showed a significant decline in profits, as reported by GameBiz. During this period, sales went down by 3.2%, while ordinary profit fell by 59.4% compared to the previous fiscal year. 

A subsidiary of Nippon Ichi Software, NIS America is a localization and global publishing company that handles titles by various Japanese game developers. Most notably, they publish titles in Nihon Falcom’s Ys and Legend of Heroes/Trails series in the US, Europe and other regions. 

During the past fiscal year, they released The Legend of Heroes: Trails Through Daybreak, Reynatis, Ys X: Nordics and  The Legend of Heroes: Trails Through Daybreak II. In the upcoming period, they will launch Disgaea 7 Complete (Fall 2025) and The Legend of Heroes: Trails Beyond the Horizon (January 2026). 

NIS America’s metrics for the fiscal year ended March 31, 2025 are as follows: 

Sales: 4.116 billion yen (down 3.2% year-on-year) 
Ordinary profit: 208 million yen (down 59.4% year-on-year) 
Net profit: 148 million yen (down 61.3% year-on-year) 

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Amber V
Amber V

Editor-in-Chief since October 2023.

She grew up playing Duke Nukem and Wolfenstein with her dad, and is now enamored with obscure Japanese video games and internet culture. Currently devoted to growing Automaton West to the size of its Japanese sister-site, while making sure to keep news concise and developer stories deep and stimulating.

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  1. Ultimate edition was the most people could tolerate. Then they saw the new Complete edition and noped out entirely. You can only push your greed so far.

  2. I think maybe the biggest sore spot would be over-investing in Reynatis & not seeing it perform, it was marketed non-stop prior to release and I’m sure that was a larger spend than usual for them.

    I think they’ve only published one NIS title in the last year (Phantom Brave?), so licensing fees or any other payments based on sales would also directly impact profit. I really wish they would invest more in the smaller NIS titles, those are the weird little niche gems that I miss from them this generation!

    I would expect the intense pressure from Falcom to catch up & keep up with the Trails series in the last couple years has also lead to additional investment in loc costs (and maybe series fatigue) but they’re almost there.

    It could also be a clearance hit on end of gen for PS4/Switch/Xbox if they had lots of unsold inventory to move?

    There are so many things that could influence this result that would make sense, I wish we got more than just the numbers but speculation is fun!