Disgaea's Nippon Ichi Posts Profit Gain For Fiscal Year

Disgaea and Phantom Brave developer Nippon Ichi Software has posted a turnaround for the last fiscal year, noting a gain in profits compared to a loss in the previous fiscal year. The Japanese publisher noted strong domestic sales in an earnings statement, as translated by Andriasang, although no title-by-title breakdown was provided. The company released nine titles in the last fiscal year, including Disgaea 4 earlier this year in Japan, with upcoming releases of the game planned for Europe and the U.S. For the fiscal year ended March 31, 2011, revenues of ¥2.2 billion ($27.2 million) were reported, up 4.4 percent over the previous fiscal year. The company also posted profits of ¥230 million ($2.8 million), compared to a loss of ¥332 million ($4.1 million) year-over-year. For the current fiscal year, the company estimates that it will see a 3.2 percent increase in sales, up to ¥2.3 billion ($28.3 million), but a fall in profits, down 74 percent to ¥59 million ($730,000).