GungHo Online Entertainment (TYO:3765) has released its financials for the full year FY16 ending December 31st 2016.
It posted sales of $993.3 million, down 27.1% year-on-year. Profits also tumbled to $246.7 million, down 35.7% year-on-year.
GungHo blamed the drop in sales and profits on decreased sales from its flagship title Puzzle & Dragons. Its decline has seen the company change its focus from Japan-first development to make games with global appeal.
Its first game to be released for this purpose was PS4 free-to-play game Let It Die. GungHo also released mobile JRPG Seventh Rebirth in Q4 2016, but did not break out any numbers for it.
Looking to 2017, the developer will continue to push Puzzle & Dragons and related titles. Its spin-off Puzzle & Dragons Radar has already achieved four million downloads and has recently had IAPs introduced.
It will also focus on its publishing partner service, which it claims is actively looking for titles that have global appeal and that are in genres GungHo does not have experience with.
It also continues to develop new titles, with ten currently in development across mobile, VR and console.