Elden Ring could be further delayed, parent company FromSoftware Kadokawa Corp warns in its latest release Earnings report.
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Kadokawa Corp. Latest income for fiscal year 2021 Give some clues about what’s on the horizon. Kadokawa is owned by Japanese game developer FromSoftware and the team behind the highly anticipated Dark Souls, Sekiro and Elden Ring. Bee Presentation to investorsThe group notes that Elden Ring may not be released in March 2022 as part of the 2022 fiscal year. This is no big surprise, however, given the silence surrounding the title.
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Kadokawa’s profits in the gaming sector are expected to decline by as much as 15% in fiscal year 2022, and operating profit could decline by as much as 52%. This clearly shows that there is no solid release from one of the most iconic studios in the industry. It is also interesting to note Games aren’t a big part of Kadokawa’s business; Game volume reached 14 billion yen in fiscal year 2021, accounting for 7% of annual profit.
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Elsewhere in the show, Kadokawa also says that game projects in development may be delayed due to the uncertainties surrounding COVID-19. Work from home procedures have severely hampered the development of almost all games in development worldwide, and the same is true for game studios in Japan.
Kadokawa Corp. currently has three gaming divisions: Kadokawa Games Ltd. FromSoftware and Spike Chunsoft.
A specific slide for Elden Ring on page 19 confirms Kadokawa’s commitment to the new IP games. The slide recounts George RR Martin’s contributions and confirms that Elden Ring is the greatest game FromSoftware has ever made.
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FromSoftware and publisher Bandai Namco have been silent about Elden Ring for a while, but that could change in June with E3 2021. Bandai Namco will be in action and we might get a new reel… once the game is released.
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