Thanks for the memories

After a sluggish financial performance due to business changes, Rune Factory developer Neverland has announced it will be closing its doors.

The Japanese company made the announcement via its official website, explaining that its financial status had deteriorated considerably in recent times. After failing to raise the necessary amount of funds needed to continue operations, the only remaining option was to shut down immediately and begin proceedings for bankruptcy.

Neverland was founded in 1993 and is best known for the long-running Lufia series, and developing Marvelous ALQ’s Rune Factory series (a spin-off of Harvest Moon). Whilst Rune Factory 4 for the 3DS was the fastest-selling title in the Rune Factory franchise, it appears to have been unsuccessful in saving Neverland from its financial troubles.

The only question left is what will come of Rune Factory 5? According to Rune Factory producer Yoshifumi Hashimoto, the fourth game’s reception was good enough to green light a sequel. Will it still happen? Naturally our thoughts are also with those affected by Neverland's closure.