Source: http://kotaku.com/5135110/jaleco-holdings-is-leaving-the-video-game-business
Quote:
Jaleco Holdings Is Leaving The Video Game BusinessJaleco Holdings is leaving the industry. As of January 15, 2009, the company transfered 100 percent of ownership in subsidiary Jaleco, best known for Bases Loaded, to an online game company GAME YAROU. Jaleco has been struggling for the past decade, and Jaleco Holdings was created in 2006 with Jaleco spun off into a separate entity. GAME YAROU purchased Jaleco for ¥1 (US$0.01) — but agreed to shoulder ¥700,000,000 ($7.736 million) of Jaleco Holding's ¥16,000,000,000 ($17.68 million) loan. Besides the obvious loan burden, Jaleco Holdings cited "increasing competition in recent years in the video game market." In an official release, the parent company stated, "The risk factors for our profitability will be removed after withdrawing from the game industry." Press release below. 株式会社ジャレコ・ホールディング 連結子会社の異動(譲渡)および特別損失の発生に関するお知らせ 当社は、本日開催の取締役会において、連結子会社である株式会社ジャレコ(以下、「ジャレコ」 記 1.株式譲渡および債権放棄に伴う特別損失発生の理由 ジャレコは、これまで「家庭用ゲーム(コンソール事業)」「携帯電話向けゲーム(モバイル事業)」 このような状況のもと、当社は、グループにおける連結価値向上に向けて、今後の中長期的な事 |
Comment: Well, I was planning to post this in the Gaming section, but considering Jaleco is currently concentrating on DS/Wii development, I decided to put it here. The only game they are currently to known to be making is "Ougon no Kizuna".
Given a quick review of the company's past 10 years, it's not too big a surprise though. I guess they failed to revive their gaming business in time to save themselves.
Edit: Perhaps I should either title this thread Ougon no Kizuna maybe no more and/or put it into the game section, oh well.
I am a PC gamer, and also have a NDS now, but without access to a Nintendo Wii until End of 2007.
Currently playing: Super Smash Brothers Brawl(Wii), Mystery Dungeon: Shiren the Wanderer(DS), Dragon Quest Heroes: Rocket Slime (DS), WiiFit(Wii)
Games Recently Beaten: Final Fantasy Crystal Chronicles: My Life as a King (Normal; Very Hard after the next DLCs become available)
1 word: RTFA