Japanese Anime Firms Reach New Heights Amid Western Industry Struggles
In light of significant layoffs in the Western AAA gaming sector, five of eight major Japanese game companies have reported record share prices this year.
While the Western AAA gaming industry is suffering from numerous layoffs and studio closures, Japanese game creators are experiencing record success. As analyzed by Dr. Serkan Toto from KantanGames, this year has been particularly positive, with five out of eight major Japanese studios reaching all-time high share prices, including Sony, Nintendo, Capcom, and others.
“The mass layoffs and studio closures in North America and Europe really have not spilled over to Japan, apart from isolated exceptions that are a drop in the ocean compared to the storm the industry is seeing in the West currently.” — Dr. Serkan Toto, Analyst at KantanGames
This contrasts sharply with the challenges faced in the West. Japanese publishers are not only surviving but thriving; many are even increasing wages to combat labor shortages and dreading the downturn affecting their counterparts in North America and Europe.
