Tecmo Koei has been doing pretty well for itself recently. Last year it recorded a net profit of $27.9 million (£17.7 million) between the beginning of October and the end of December, which was a staggering 291.7% increase on the previous quarter.

Now the company has announced it is reorganising its corporate structure, which will see its flagship developer Team Ninja sliced in half.

The two development groups have creatively been named Ichigaya Development Group 1 and Ichigaya Development Group 2. The former will be run by the current head of the studio Yosuke Hayashi, while Keisuke Kikuchi, who was a senior manager, will be in charge of the latter.

Team Ninja's most recent outing on a Nintendo system was Ninja Gaiden 3: Razor's Edge, which is now no longer a Wii U exclusive. Tecmo Koei has been responsible for Warriors Orochi 3 Hyper and Fist of the North Star: Ken's Rage 2 on Wii U and also developed Pokémon Conquest on the DS.

What are your thoughts on the reorganisation of Tecmo Koei and the games it has produced in recent years? Let us know in the comments section below.

[via siliconera.com, koeitecmo.co.jp, gamesindustry.biz]