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    MAGES. Enters Insolvency, Reports Massive Financial Losses in 2022

    Uncertainty builds into 2023.

    Science Adventure visual novel series developer MAGES. appears to be entering insolvency following massive financial losses during fiscal year ending in September 2022.

    Financial losses for the company during the past fiscal year were reported to be 556 million yen ($4.2 million). According to Gamebiz, MAGES. reports 4.2 billion yen in sales, which down 7.1% from the previous year. Further, the company accumulated a loss of 307 million yen during the fiscal year, resulting in total losses amounting to 613 million yen ($4.6 million).

    The company did not share any specific reasons regarding these massive financial losses. However, its possible for MAGES. to go bankrupt after entering insolvency. MAGES. is a subsidiary of COLOPL, and COLOPL may shut down the studio if it’s unable to resolve its current debt (Thanks, Siliconera).

    MAGES. recently released Chaos;Head Noah / Chaos;Child Double Pack for Nintendo Switch and PC with publisher Spike Chunsoft. In 2023, the company is expected to release Summer Time Rendering: Another Horizon on January 26 and Alice Gear Aegis CS: Concerto of Simulatrix in the west. These games will likely release as intended, but the future of MAGES. is filled with uncertainty.

    Lastly, Final Weapon’s coverage of Chaos;Head Noah / Chaos;Child Double Pack may be found below:

    SourceGamebiz
    Soul Kiwami
    Soul Kiwami
    Raul Ochoa, a.k.a. Soul Kiwami, is the Deputy Editor in Chief of Final Weapon and a News Writer at Game Rant. With a passion for the Japanese gaming industry, Raul is a huge fan of Nintendo Switch, PC hardware, JRPGs and fighting/action games. business email: soul@finalweapon.net

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