Categories: Switch

Monolith Soft Profits Reduced By 60% Compared To Last Fiscal Year

Monolith Soft, a second party developer for Nintendo, has announced its fiscal earnings for the year ending March 2018.

The company says they earned a net profit of 138,000,000 yen (USD1.25 million) in the fiscal year ending March 2018. That’s a 60% drop from the 346,000,000 yen (USD3.15 million) they made in the fiscal year ending March 2017.

High research and development expenses for Xenoblade Chronicles 2 are speculated to have affected Monolith Soft’s profitability in the last fiscal year. In addition, Monolith Soft was in charge of a small portion of Splatoon 2, so higher expenses could have been incurred in the last fiscal year.

Iggy

Recent Posts

Paper Mario: The Thousand Year Door Remake Early Purchase Bonuses Announced For Hong Kong

Nintendo Hong Kong has announced their early purchase bonuses for Paper Mario: The Thousand Year…

7 hours ago

Endless Ocean Luminous Camera Giveaway Announced For Korea

Nintendo Korea has announced a special giveaway campaign for the release of Endless Ocean Luminous.…

8 hours ago

Pokemon Masters EX “Infamous Pokestar Villains” Event Starts April 30th 2024

The Pokemon Company has announced a new special event for Pokemon Masters EX. The event…

23 hours ago

Knuckles Series Physical Release Listed Online

Last week, Paramount released their Knuckles the Echidna web series on Paramount+, further expanding the…

2 days ago

Rumor: Switch Successor To Feature Magnetic Joy-cons, Additional Details Surface

For the past few months, rumors have been circulating that Nintendo is preparing to launch…

4 days ago

Two New Animal Crossing LEGO Sets Teased For August 2024

Nintendo and LEGO group have revealed the next sets coming to the Animal Crossing line.…

4 days ago