Cave cans upcoming Vita projects as COO Watanabe resigns
Cave COO Mikio Watanabe has also announced that he is resigning from the company at the end of the month (31 May) citing personal reasons.
Watanabe will continue his role as representative director until the company's annual shareholder meeting in August. CEO Ito Masahito will become the company's sole representative director in Watanabe's absence.
Last year, Cave announced it was working on two titles exclusively for the PS Vita including mobile hit Shirotsuku (Build a Castle), which already boasts 3 million users on the Mobage platform.
The second title was confirmed to be one of the developer's signature arcade shooter games that made use of the Vita's functionality but no further information was revealed prior to its cancellation.
Cave's news comes as sales of Sony's portable powerhouse hits sales of just 1.8 million worldwide since launching in Japan in December 2011.
Despite an initial burst in sales at launch, the PS Vita has been underperforming across the board with hardware pushing as few as 10,000 units on a weekly basis in Japan and a shortage of key titles struggling to keep it afloat.
[source: GameIndustry.biz / Andriasang]