Following a disappointing financial report, Japanese video game maker Cave announced it will focus more on social games going forward. The company has an 18-year old history and is especially famous for its shoot’em ups aimed at a hardcore gamer audience (personally, I am a big fan).
Currently, Cave is offering various titles on consoles, the PC, and mobile devices (here’s a list of their smartphone apps, for example).
The company is expecting an operating profit for the current fiscal (which ends on March 31 this year) of just US$650,000, following weak consumer game sales. This is down from US$4 million Cave projected in an earlier forecast.
Cave now says that as a reaction, it has restructured its product pipeline, stopped some projects and will allocate more resources to the (potentially) more lucrative social games segment from now on.
Cave is listed on the Tokyo Stock Exchange. In August last year, GREE acquired a 5.1% stake in the company for $2.2 million (which might be a reason for the decision of the management to go social).