2024 has been a tough year for the video game industry, with Japanese developer Tose – the team that has worked on countless Nintendo projects since the Famicom era and has backed Square Enix for many years – appearing to have suffered financial losses due to multiple canceled projects.
The collaborative development studio, which has worked on the Switch versions of Paper Mario and Crisis Core, reported losses for nine months. 367 million yen (about $2.28 millionThe company announced that it had posted a loss in its third-quarter earnings report (September 1, 2023 to May 31, 2024) as customers canceled projects due to “policy changes” and “other factors.”
Not only is Tose “one of Japan’s largest outsourced game companies,” but they’re also known as a “ghost developer” because they aren’t always credited on projects. However, this has changed over the years. Official Website We should at least mention some of the projects the company has supported, dating all the way back to the Game Boy generation.
Although Square Enix has lost several projects and is unable to make a profit, it aims to recover by steadily releasing games that are currently in development. This news comes after Square Enix canceled several unannounced projects. May 2024TOSE also developed the Legendary Starfy series, and has collaborated on the development of games such as Dragon Quest Monsters: The Dark Prince, Wario: Blast Off Your Wareme!, Splatoon 2, and Final Fantasy Pixel Remastered.