Declining revenues lead to Code of Princess studio’s closure after 18 years

Japanese dev Agatsuma Entertainment shuts down

Reports have emerged that Agatsuma Entertainment has been closed.

The Japanese developer is best known for 3DS title Code of Princess and this year’s Umihara Kawase trilogy on Steam. 

However, the poor performance of the latter and declining revenues led to the studio’s parent Agatsuma to shut the entertainment subsidiary, according to GamesIndustry.

The closure of this studio is expected to improve the overall stability of Agatsuma’s wider business.

Agatsuma Entertainment first opened doors in 1997.

About MCV Staff

Check Also

4e0bbb16 75b8 b27f da55 c34a7c24cd3b [Industry news] XDS 2026 Insights Report is now live

[Industry news] XDS 2026 Insights Report is now live

The 2026 XDS Insights Report examines how external development partnerships are evolving as they become a core part of modern production pipelines. Based on input from 250+ industry professionals, the report shows an ecosystem moving beyond delivery risk and into a new phase shaped by coordination, governance, and long-term collaboration.