Square Enix and Nintendo co-developer report losses after multiple project cancellations


Paper Mario
Image: Square Enix

2024 has been a challenging year for the video game industry and it seems that Japanese developer Tose (a team that has worked on countless Nintendo projects since the Famicom era and has also helped Square Enix over the years) has suffered some financial losses due to the cancellation of several projects.

The co-development studio involved with the Switch versions of Paper Mario and Crisis Core has reported nine months of losses ¥367 million (About this $2.28 million) reported a decline in its third quarter earnings report (September 1, 2023 to May 31, 2024) due to cancellation of projects by clients due to “policy changes” and “other factors”.

Tose is not only “one of Japan's largest outsourcing game companies” but it's also known as a 'ghost developer' – as it isn't always credited on projects. However, that has changed in the last few years and its official website lists the projects it has helped with (since the Game Boy generation).

Although it has lost some projects and will no longer make a profit, it now aims to improve its position by consistently launching games that are still in active development. This news comes after Square Enix canceled several unannounced projects. May 2024Tose also developed The Legendary Starfy and helped with games such as Dragon Quest Monsters: The Dark Prince, WarioWare: Move It!, Splatoon 2, and Final Fantasy Pixel Remaster.



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