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Nippon Ichi announced today that three games currently in development are being canceled, citing a low likelihood of ensuring quality and turning a profit on the titles.  The news comes in the wake of the company’s first quarter earnings report, revealing a 40% sales drop over last year; the titles are being stopped as part of a restructuring effort to counteract this.  While the company still edged out a narrow 32 million yen profit in the first quarter, time spent on the three games effectively results in a 21 million loss.

The names of the canceled titles were not released, though presumably the next Disgaea, on track to debut at the Tokyo Game Show in September, is not among them.

Source: IGN