The recession has hit all of us pretty hard, but this is ridiculous. Siliconera is reporting that Nippon Ichi has posted a precipitous drop in operating profits. The developer reported a 97% decrease excluding investments, tax, and arcade and mobile sales.

The Japan-based developer is responsible for Disgaea, a popular strategy RPG noted for anime parody. However, they shied away from the property before and during the first nine months of the fiscal year.

It goes to show that, although gamers (like me) like to whinge about the innovation desert, we don’t appear to vote that way with our wallets. With game development costs rising, is it any wonder that companies try to play it safe?

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