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[Thick Thighs Save Lives]

Tose’s consolidated financial results for the first quarter of the fiscal year ending August 2025 show that the company has turned profitable again, successfully overcoming the unprecedented losses it saw last year (source: GameBiz).

As Tose is a prolific developer that has over four decades’ worth of experience working on games for major companies like Nintendo and Square Enix, news of its financial struggle hit the industry hard. However, Tose has made a big turnaround. In its first quarter (September 1 to November 31, 2024), the company saw operating profit reach 296 million yen, exceeding its target for the full year.

According to Tose, this is the result of multiple development projects (including an unspecified large-scale project with a major overseas game company) progressing smoothly and achieving stable profit margins. The company’s PC and console game sector was particularly successful, with sales increasing by 160.9% compared to last year.

On the other hand, Tose has not made any revisions to its full-year earnings forecast, despite the better-than-expected performance. The company does not seem to be anticipating any major negative impacts on its performance, but remains wary about the future of some of its projects that are still in their prototype stages. Considering that the main cause of Tose’s losses last year was its partners’ abrupt cancellations of in-progress games, this stance is to be expected.

Tose’s metrics for the first quarter of the fiscal year ending August 2025 are as follows:

• Net sales: 1,719 million yen (up by 83.5% year-on-year)
• Operating profit: 296 million yen (compared to a 212-million-yen loss in the same period last year)
• Ordinary profit: 294 million yen (compared to a 206-million-yen loss in the same period last year)
• Net profit: 213 million yen (compared to a 139-million-yen loss in the same period last year)

The large-scale turnaround has favorably impacted Tose’s share price, which temporarily hit its upper limit on January 10.

Support studio Tose successfully turns around financial losses, reporting 160.9% growth in console and PC game sector - AUTOMATON WEST

Japanese co-developer Tose has reported a major turnaround in their earnings, overcoming significant losses from last year.

automaton-media.com

 

[baphomet]

Glad to see one of the most prolific, yet unknown, developers is still doing well.

 

[Hudo]

Considering that the main cause of Tose’s losses last year was its partners’ abrupt cancellations of in-progress games, this stance is to be expected.

Is it known who the clients were or even what the games were?

 

[Thick Thighs Save Lives]

Is it known who the clients were or even what the games were?

IIRC the client in question was Square Enix as they canceled quite a few games last year.

Square Enix takes $140 million hit on cancelled games

Square Enix today warned investors that its next earnings report will include a significant hit due to a number of canc…

www.gamesindustry.biz

 

[Hudo]

IIRC the client in question was Square Enix as they canceled quite a few games last year.

Square Enix takes $140 million hit on cancelled games

Square Enix today warned investors that its next earnings report will include a significant hit due to a number of canc…

www.gamesindustry.biz

Ah, thanks. So considering what TOSE have done for Square before, it could've been a Team Asano related project...

 

[HRK69]

 

[Jinzo Prime]

TOSE is Japan's famous ghost studio who has done work on hundreds of games, but goes uncredited.

The only games they make that they allow credits on is the Legendary Starfy games, which are made in-house.

 

[Holammer]

Read the wiki page on the company and you'll be asking WTF?

Tose (company) - Wikipedia

en.wikipedia.org

 

[The Cockatrice]

What did they release on PC?

 

[Trilobit]

TOSE is Japan's famous ghost studio who has done work on an unknown multitude of games, but goes uncredited.

The only games they make that they allow credits on is the Legendary Starfy games, which are made in-house.

 

[lh032]

never heard before

 

[Hyet]

Nice to hear.
I hope Bandai Namco just made it rain all over them ordering remasters of every single Tales of ever released

 

[Team Andromeda]

Good news loved Scarlet Nexus and hope for a sequel one day

 

[adamsapple]

The biggest developer you've never heard of.

No, seriously. Look up their profile.

They're the co-developers, or sometimes even lead developers, on so many games from popular Japanese franchises. They've developed multiples of the spin-off RE/Biohazard games, among many others.

 

[Thick Thighs Save Lives]

Good stuff!

Bandai Namco Entertainment released Tales of Graces f Remastered today. It was also revealed that prolific Japanese support studio Tose was responsible for the remaster’s development (as reported by GameBiz).

According to Tose, this is the result of numerous development projects progressing according to plan and achieving stable profit margins. It seems that Tales of Graces f Remastered was one of the titles that helped the studio back from the brink.