Kadokawa's latest financial report reveals the studio is operating at full capacity with several major projects in simultaneous development.
FromSoftware is shaping up to have one of the busiest years in its history. According to Kadokawa Corporation's latest financial report — the same document that confirmed Elden Ring: Tarnished Edition for Switch 2 — the legendary studio is actively working on multiple titles in parallel, making 2026 a landmark year for the Japanese developer.
The report explicitly lists several projects under the FromSoftware umbrella, signaling a level of simultaneous development the studio has rarely attempted. At the forefront is the highly anticipated Elden Ring: Tarnished Edition for Nintendo Switch 2, which appears to be nearing completion alongside other unannounced projects that have yet to be revealed to the public.
Perhaps the most intriguing item in the pipeline is The Duskbloods. While initially thought by some to be a simple expansion, the financial report suggests it may be a more substantial project — potentially on par with Shadow of the Erdtree in scope. Industry insiders have speculated that The Duskbloods could represent a new direction for FromSoftware's storytelling, possibly exploring themes and lore that were only hinted at in the base game and its first DLC.
Beyond these known quantities, the report alludes to additional unannounced titles currently in development. FromSoftware has historically maintained a rhythm of releasing one major title every two to three years, but 2026 could break that pattern. The studio has been aggressively expanding its workforce over the past two years, and the financial data suggests those hires are now bearing fruit across multiple production lines.
This multi-project approach marks a significant shift for FromSoftware. Under president Hidetaka Miyazaki's leadership, the studio was known for its laser-focused development cycle — one game at a time, polished to perfection. The current pipeline suggests a new operational strategy, possibly with Miyazaki overseeing multiple projects while delegating director roles to trusted senior staff. This mirrors the approach seen with Nightreign, which was helmed by a different director within the studio.
For the Elden Ring community, this is excellent news. Even after the Tarnished Edition ships for Switch 2, there may be more content on the horizon. The Duskbloods alone could add dozens of hours of new gameplay, new bosses, weapons, and lore to explore. And if the unannounced titles include anything resembling a full sequel or a new intellectual property, 2026 could go down as the year FromSoftware cemented its legacy as the most prolific studio in the action-RPG space.
We'll continue to track these developments closely. As new details emerge from Kadokawa's investor briefings and FromSoftware's own communication channels, we'll update our comprehensive Elden Ring guide section with the latest information.