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Neverland, the Japanese developer that’s in recent years worked on Rune Factory, Shining Force, and Lufia, has announced that are to cease operations and file for bankruptcy.

Explaining that business performance has been sluggish in recent years, the studio reveals that their financial status has deteriorated to a point where they are unable to recover, with attempts to raise necessary funds having failed.

In discussing the future, Rune Factory series producer Yoshifumi Hashimoto writes: “Hello, Hashimoto here. How are you guys enjoying Rune Factory 4? I’d like to take this occasion to make a comment about the future.

“As of now, it’ll still remain a secret as to what kind of title we’ll be releasing next, but I can say that the staff members are still doing great. I will leave it at that for now, and I thank you for your continue support.”

Which brings a rather confusing air of mystery to everything. It is known that they were developing Rune Factory 5, so it may be that they finalised the project before closing their doors. Who knows?

[Thanks Siliconera]

Alex Seedhouse

Alex Seedhouse

After starting out with a Yellow Game Boy and a copy of Donkey Kong Land, Alex once hid in his room to play The Legend of Zelda: Ocarina of Time one Christmas. Now he shares his thoughts on Nintendo Insider, keeping track of everything to do with Nintendo.