Nippon Ichi Software strengthens its finance to cope with harsh environment
Nippon Ichi Software, Inc. established in 1993 in Kakamigahara, Gifu Prefecture manufactures and provides computer software as its main products. It has expanded its business abroad having subsidiaries in the United States, Singapore and Vietnam. The company is widely known for its game software provided for Nintendo Switch and Sony PlayStation. The Disgaia series, launched by the company in 2003, has become a globally popular product and its cumulative sales exceed over 3 million units. Although the company has been engaged in the game industry since its establishment which is expected to grow steadily, now it faces challenging situation such as rising labor costs and intensifying competition. Net income for the fiscal year ended March 2019 decreased 42.3 percent from the previous year to only 294 million yen. Net income for the next fiscal year ending March 2020 is also expected to decrease by 37.7% to about 183 million yen. In the game indust...