{"id":31990,"date":"2024-06-05T17:20:01","date_gmt":"2024-06-05T08:20:01","guid":{"rendered":"https:\/\/automaton-media.com\/en\/?p=31990"},"modified":"2024-06-05T17:20:02","modified_gmt":"2024-06-05T08:20:02","slug":"taito-makes-big-post-pandemic-recovery-with-over-60-increase-in-operating-profit","status":"publish","type":"post","link":"https:\/\/automaton-media.com\/en\/news\/taito-makes-big-post-pandemic-recovery-with-over-60-increase-in-operating-profit\/","title":{"rendered":"Taito makes big post-pandemic recovery with over 60% increase in operating profit\u00a0"},"content":{"rendered":"\n

According to the latest financial reports, Taito Corporation has seen significant growth in the past fiscal year. The Square Enix-owned subsidiary reported a yearly operating profit of 4.8 billion yen, which is a 60.9% year-over-year increase. (Source: GameBiz<\/a>) <\/p>\n\n\n\n

Taito, the developer of legendary arcade games such as Space Invaders, currently operates amusement and entertainment facilities, online claw machine games and other businesses in addition to game development. Taito\u2019s amusement sector in particular witnessed growth over the past fiscal year, particularly in comparison to the stark losses they reported in 2021.  <\/p>\n\n\n\n

As Covid19-related restrictions loosened up, Japan saw a spike in inbound tourism and people coming out of lockdown. These factors, along with internal reorganization carried out by Taito during the pandemic, drove the company\u2019s financial growth.  <\/p>\n\n\n\n

According to GameBiz, the scale of Taito\u2019s businesses grew by 3.7 times compared to fiscal year 2019, the year before the Covid19 pandemic. In other words, they have not only recovered from the slump caused by the pandemic, but have also entered a new phase of growth. <\/p>\n","protected":false},"excerpt":{"rendered":"

Square Enix owned subsidiary Taito Corporation has seen exponential growth in the past three financial years.<\/p>\n","protected":false},"author":55,"featured_media":31994,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","footnotes":""},"categories":[3],"tags":[17],"class_list":["post-31990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-japan-related-news"],"blocksy_meta":[],"yoast_head":"\nTaito makes big post-pandemic recovery with over 60% increase in operating profit\u00a0 - AUTOMATON WEST<\/title>\n<meta name=\"description\" content=\"Square Enix owned subsidiary Taito Corporation has seen exponential growth in the past three financial years.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/automaton-media.com\/en\/news\/taito-makes-big-post-pandemic-recovery-with-over-60-increase-in-operating-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taito makes big post-pandemic recovery with over 60% increase in operating profit\u00a0 - 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