According to a report on Impress Watch, explained by Andriasang, THQ will be closing its Japanese branch on February 29. This follows rumors about the company laying off Australian employees – not to mention earlier rumblings about their Japanese offices closing down, which are now sadly confirmed.
This year hasn’t been playing out well for THQ. Around the same time as the prior rumors, THQ received a delistment warning from the Nasdaq Global Market because it stocks were so low. Early this month, THQ also had to delay the release of Metro: Last Light, pushing it into 2013. They also had to pull out of the children’s game market to focus on its core franchises, and had to battle rumors that its 2014 line-up had been canceled.
All of the struggles THQ has faced financially have led up to the decision to close the branch, which includes causing its entire staff there to leave the company.
Games that THQ plans to release this year include Warhammer 40,000: Dawn of War II, Darksiders II, South Park: The Game, WWE Brawl, and Brave: The Game. We’ll have to see if any of these games will be successful enough to pull THQ out of this slump.