Video game developer, Game Republic has seemingly disappeared under the veil of night. First it was their official website going offline, and next was their office space in Japan being vacated with "for rent" signs being placed in the windows.
The studio was founded in 2003 by Yoshiki Okamoto, a video game veteran who prior had worked with Capcom on such games as Street Fighter II and the original Resident Evil. He was also a producer on the first film adaption of the still-running Resident Evil series.
Most of the studio's games have received inconsistent reviews. They're a love-them-or-hate-them kind of thing. The games include Folklore, a Playstation 3 exclusive; Majin and the Forsaken Kingdom, a multiplatform game; and more recently, Knights Contract, another multiplatform game.
The studio will also forever be attached to an internet meme, which came out of Sony's 2006 E3 presentation. One of the studio's games, Genji: Days of the Blade -- a Playstation 3 launch title -- was highlighted. The presenter incorrectly described the game's stages as being based on "battles which actually took place in ancient Japan." No more than a moment later, he noted one of the enemies jumping onto the screen, saying, "so, here's this giant enemy crab."
There are rumors circulating that Game Republic has had their weak point exposed, and that they've incurred massive damage. The weak point is of course money, and the massive damage being debt. With no formal announcement, it's not certain that the studio has gone under, but all signs seem to point to their closing.