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SNK Returns to their Former Glory Financially

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SNK

SNK has been having a very rocky performance on the last few years. However, it seems like one of the titans behind fighting games have returned to their glory once again. Shin Nihon Kikaku has become a stable business once more after their short crisis. This happened after starting to focus on video game development once again.

SNK shared its official financial statements in Gazette Magazine today, showing off that the company is doing quite well for itself now despite having to face red numbers last year.

The difference is significant as well – in FY 2016, the developer posted a loss of 558 million yen, while FY 2017 brought it to a 3,105-billion-yen net profit. In other words, SNK became part of the mainstream once again

The company had been struggling slightly after its acquisition by Chinese company 37Games. CEO Koichi Toyama decided that the developer would turn its back on the semi-lucrative pachinko business and focus on video games again.

I mean, considering the fact that only Konami thought that Pachinko was the future, why would they do this? Regardless of such, both Konami and SNK came back from the dead, now SNK is even helping eSports players with sponsoring. Especially in a huge event such as the Hadouken Fest, which is coming in December.

Their love from video games came with a rebrand from SNK-PLAYMORE to SNK. The first initiative of this newfound passion for games was King of Fighters XIV, which has apparently done quite well for SNK.

I mean, this is one of the most popular fighting games to date. A very important thing to mention considering that King of Fighters XIII was also loved by fans of the genre. Personally I hope that we get another iteration of Metal Slug that isn’t based on 30s cartoons. But hey, it’s very cool to see a company I grew up with back in action and glory once more.

I always wanted to be a journalist who listens. The Voice of the Unspoken and someone heavily involved in the gaming community. From playing as a leader of a competitive multi-branch team to organizing tournaments for the competitive scene to being involved in a lot of gaming communities. I want to keep moving forward as a journalist.

Gaming

Ten million people play The First Descendant in its first week

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The free-to-play shooter The First Descendant has gotten a lot of attention in its first week. The game’s publisher, Nexon, says that 10 million people have already tried it out.

Insider Gaming pointed out that since there is no cost up front, it’s still too early to tell how many of those players will stick around, but it’s still a big number for a new IP. On Steam alone, it peaked at 264,860 concurrents right after launch and has still managed to break 200,000 in the last 24 hours, so it looks like a lot of people are still really into the game.

It was a “mindless and repetitive grind,” and we gave The First Descendant a 3/10 in our review. Of course, that’s just one opinion; other experts have had different ones. Most people, though, say that the game’s annoying free-to-play model is the worst thing about it.

Are you one of the millions of people who played The First Descendant last week? Are you going to come back for more? Leave a comment below and let us know.

 

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Raiden, the famous shmup series, will come back as a twin-stick shooter on PS5, PS4, and PC

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Raiden has a long and interesting history as a vertical shooter in arcades. However, the series is going to get a Super Stardust HD makeover, which means it will switch to a twin-stick format. It comes out in Japan on October 31. There’s no word yet on when it will come out in the West, but we wouldn’t be surprised if it did.

A Gematsu translation of the game’s website says that the full version will have an arcade mode with up to six stages. There will also be an “Unlimited” option for people who want to be at the top of the rankings. It sounds like a pretty straightforward package in terms of what’s inside, but we think the action will be what makes it worth it.

There’s a trailer up top that should help you figure out what to expect. There are, however, different versions of Raiden 3, Raiden 4, and Raiden 5 that you can play right now on the PS5 and PS4, if you can’t wait for this game to come out in the West.

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Bandai Namco and Nike designed Tekken 8 sneakers with tag-team designs

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Nike, the maker of high-quality shoes, is working with Bandai Namco, the company that makes the Tekken series, to make a pair of sneakers. The fun competition is part of the franchise’s 30th anniversary celebrations. You can get your own pair for $250 or the equivalent in your country, though they’ll probably be worth a lot more on the sneakerhead black market.

Two pairs of Tekken 8 x Nike Air Foamposite One Fist sneakers are set to come out in September 2024, according to shoe fan Sole Retriever (thanks, VGC). The designs are based on Kazuya and Jin, two main characters in the series. You can get them at Nike and some other stores. People who like hypebeasts and fighting games are likely to buy these quickly, so if you like Tekken and shoes that make people talk, you should probably act fast.

Should Bandai Namco and Nike work together? What do you think? Are you going to fight for your own pair? Make sure to take good care of your shoes and keep their value in the comments section below.

 

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