Tose, the veteran Japanese game development company established in 1979, has long been recognized for its substantial yet largely invisible role in the global video game industry.
Often referred to as a 'ghost developer,' Tose specializes in supporting the development of games for major publishers—including Nintendo, Square Enix, Capcom, and Atlus—across multiple platforms like the Nintendo Switch and other current gaming hardware.
Despite an impressive portfolio that spans numerous high-profile franchises, Tose typically works under strict confidentiality, seldom receiving direct public credit. Recent financial disclosures for the fiscal year ending August 2025 offer rare insight into the company’s business relationships.
According to official earnings data released by Tose, Atlus accounted for 22.3% of the developer’s total revenue during the period, making it the single largest client for the year.
Square Enix followed closely, contributing 16.9% of Tose’s overall earnings.
This breakdown emphasizes the strength of Tose's collaborations with acclaimed publishers and its significant, albeit understated, impact on the broader video game landscape. A spokesperson for Tose, speaking in a summary of the company’s financial results, highlighted the ongoing importance of these partnerships.
They noted that sustained collaborations with top industry players such as Atlus and Square Enix have enabled Tose to maintain a steady workflow and consistent revenue stream, allowing the company to continue lending its expertise to major projects across the industry.
These alliances reinforce Tose's long-standing position as a reliable support developer for complex and commercially successful titles. Tose’s vast experience stretches back over four decades and includes critical contributions to beloved franchises such as Nintendo’s "Dragon Quest" (published by Square Enix) and the "Shin Megami Tensei" series from Atlus, both highly regarded among Nintendo Switch players and across other platforms.
While the company remains behind the scenes, its influence is felt in countless titles available through the Nintendo eShop and featured during Nintendo Direct presentations. As Tose continues to grow alongside industry giants like Nintendo, Atlus, and Square Enix, it remains an essential—if rarely spotlighted—pillar of the Japanese game development industry.
The latest fiscal report not only highlights Tose’s financial health but also its crucial, ongoing contributions to some of gaming’s most recognizable franchises.
Often referred to as a 'ghost developer,' Tose specializes in supporting the development of games for major publishers—including Nintendo, Square Enix, Capcom, and Atlus—across multiple platforms like the Nintendo Switch and other current gaming hardware.
Despite an impressive portfolio that spans numerous high-profile franchises, Tose typically works under strict confidentiality, seldom receiving direct public credit. Recent financial disclosures for the fiscal year ending August 2025 offer rare insight into the company’s business relationships.
According to official earnings data released by Tose, Atlus accounted for 22.3% of the developer’s total revenue during the period, making it the single largest client for the year.
Square Enix followed closely, contributing 16.9% of Tose’s overall earnings.
This breakdown emphasizes the strength of Tose's collaborations with acclaimed publishers and its significant, albeit understated, impact on the broader video game landscape. A spokesperson for Tose, speaking in a summary of the company’s financial results, highlighted the ongoing importance of these partnerships.
They noted that sustained collaborations with top industry players such as Atlus and Square Enix have enabled Tose to maintain a steady workflow and consistent revenue stream, allowing the company to continue lending its expertise to major projects across the industry.
These alliances reinforce Tose's long-standing position as a reliable support developer for complex and commercially successful titles. Tose’s vast experience stretches back over four decades and includes critical contributions to beloved franchises such as Nintendo’s "Dragon Quest" (published by Square Enix) and the "Shin Megami Tensei" series from Atlus, both highly regarded among Nintendo Switch players and across other platforms.
While the company remains behind the scenes, its influence is felt in countless titles available through the Nintendo eShop and featured during Nintendo Direct presentations. As Tose continues to grow alongside industry giants like Nintendo, Atlus, and Square Enix, it remains an essential—if rarely spotlighted—pillar of the Japanese game development industry.
The latest fiscal report not only highlights Tose’s financial health but also its crucial, ongoing contributions to some of gaming’s most recognizable franchises.
