育碧重组：放弃《波斯王子》重制版，谋求更多出售资产可能

Core Viewpoint - Ubisoft has announced a major restructuring plan that includes redefining its organizational structure, operational model, and product portfolio, which will be implemented by early April 2024 [1][3]. Grouping 1: Restructuring Plan - The restructuring will divide the company into five Creative Houses, each responsible for a unique creative category, with independent financial decision-making authority [3][5]. - The new model aims to enhance innovation capabilities and improve project execution speed by aligning creative and financial responsibilities closer to frontline teams [3][4]. - Ubisoft plans to resume in-office work every Friday while allowing a limited number of remote workdays annually [3]. Grouping 2: Cost Reduction Initiatives - The current cost-cutting plan aims to reduce fixed costs by at least €100 million (approximately ¥814 million) compared to the 2024-25 fiscal year, with an accelerated timeline to achieve this by March 2026 [4]. - The total fixed cost reduction since the 2022-23 fiscal year is expected to reach approximately €500 million, with a target of reducing annualized fixed costs to about €1.25 billion (approximately ¥1.0173 billion) by March 2028 [4][8]. - Recent studio closures and restructuring have resulted in over 150 layoffs, including the shutdown of studios in Halifax, Stockholm, and restructuring in Abu Dhabi, RedLynx, and Massive [4]. Grouping 3: Product Strategy Changes - Ubisoft will significantly modify its product roadmap over the next three years, halting six projects that do not meet the new quality standards or product prioritization [6]. - Seven games will receive additional development time to ensure they meet higher quality benchmarks, including a previously planned release for the 2026 fiscal year that has been postponed to 2027 [6]. Grouping 4: Financial Performance Context - Ubisoft's financial performance has been under pressure, with a reported revenue decline of 20.5% year-on-year to €1.85 billion (approximately ¥15.055 billion) for the 2024-2025 fiscal year, and an operating loss of €15.1 million (approximately ¥12.3 million) [8]. - The company anticipates net revenue of approximately €1.5 billion (approximately ¥12.215 billion) for the 2025-26 fiscal year, with a projected decrease in gross profit of about €330 million [8]. - The CEO has acknowledged the challenges posed by rising development costs and increased competition in the AAA gaming sector, prompting the need for a significant restructuring to return to sustainable growth [8][9].