{"id":38418,"date":"2024-10-16T11:43:46","date_gmt":"2024-10-16T02:43:46","guid":{"rendered":"https:\/\/automaton-media.com\/en\/?p=38418"},"modified":"2024-10-16T11:43:49","modified_gmt":"2024-10-16T02:43:49","slug":"despite-unprecedented-yearly-losses-japanese-game-contractor-tose-expects-that-nintendos-new-console-will-cause-a-big-turnaround","status":"publish","type":"post","link":"https:\/\/automaton-media.com\/en\/news\/despite-unprecedented-yearly-losses-japanese-game-contractor-tose-expects-that-nintendos-new-console-will-cause-a-big-turnaround\/","title":{"rendered":"Despite unprecedented yearly losses, Japanese game contractor Tose expects that Nintendo\u2019s new console will cause a big turnaround\u00a0"},"content":{"rendered":"\n

After 44 consecutive years of being profitable, Japan’s major co-development company TOSE has reported a yearly deficit. According to their latest financial statements (as reported by Gamebiz<\/a>), the developer, which has a track-record of making games for publishers like Nintendo, Capcom, Square Enix and Bandai Namco, saw an annual net loss of 260 million yen for the fiscal year ending August 2024. However, based on their forecasts, TOSE expects to make a big turnaround in the following fiscal year. <\/p>\n\n\n\n

\"Tose<\/figure>\n\n\n\n

TOSE has previously mentioned<\/a> sustaining losses due to major client companies cancelling games, for which the developer was unable to get compensation<\/a>. The company cited that \u201cSeveral companies have seen a change in their game development policies and are reevaluating titles that are in development or have been developed.” As a contractor, TOSE \u2018got the short end of the stick\u2019 as publishers realigned themselves in the face of worsening market conditions. <\/p>\n\n\n\n

In response to adverse financial conditions, the company liquidated an overseas subsidiary<\/a> in The Philippines and well as a development center in Japan to refocus its resources, further incurring a 121-million-yen loss. However, TOSE\u2019s forecast for the following fiscal year (as reported by Otaku Soken<\/a>) suggests that the company expects to turn profitable again by August 2025. <\/p>\n\n\n\n

\"Paper<\/figure>\n\n\n\n

The basis for this forecast has to do with TOSE\u2019s structural reforms, but also with the announcement of Nintendo\u2019s new console, which is expected to bring \u201ca particularly favorable wind\u201d to the market. When the next-generation console\u2019s release date is made public, TOSE expects that the demand for game development will rise. The developer also expects that demand for PS5 and PC titles will remain strong throughout the year. In addition, TOSE has several large projects underway, some of which are scheduled to launch in the first half of the fiscal year. <\/p>\n","protected":false},"excerpt":{"rendered":"

Major Japanese co-development company predicts that the announcement of Nintendo’s new console will help them get back in the black.<\/p>\n","protected":false},"author":55,"featured_media":38421,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","footnotes":""},"categories":[3],"tags":[17],"class_list":["post-38418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-japan-related-news"],"blocksy_meta":[],"yoast_head":"\nDespite unprecedented yearly losses, Japanese game contractor Tose expects that Nintendo\u2019s new console will cause a big turnaround\u00a0 - AUTOMATON WEST<\/title>\n<meta name=\"description\" content=\"Major Japanese co-development company predicts that the announcement of Nintendo's new console will help them get back in the black.\" \/>\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\/despite-unprecedented-yearly-losses-japanese-game-contractor-tose-expects-that-nintendos-new-console-will-cause-a-big-turnaround\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Despite unprecedented yearly losses, Japanese game contractor Tose expects that Nintendo\u2019s new console will cause a big turnaround\u00a0 - 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