Konami has denied and said that they are not shutting their gaming division down, after a report by IGN shared that the company is doing some internal restructuring but quelled reports and speculation by media that they are leaving the game making business.

Announced at the company’s official website, the organizational restructuring was announced to investors — wherein they are shutting down three production divisions.

The story began in an announcement to investors of, among other things, organizational restructuring. A post on the Konami Digital Entertainment website explained that it will dissolve Production Divisions 1, 2, and 3, “to respond to the rapid market that surrounds us.” With Production Divisions previously representing the company’s home of game development, some took this to mean that gaming production at the company was being shuttered as a whole.

However, in a statement to IGN, a Konami representative wrote: “The announcement made refers to an internal restructure, with Production Divisions being consolidated. We have not ‘shut down’ our video gaming division.”

Konami hasn’t been quite active in recent years and has concentrated mostly on panchiko slot machines rather that full-fledged games. The company has released Anniversary Collections for their Castlevania and Contra franchises, and is making the next installment of their eFootball PES series in PES3 2022 for next-gen consoles. However their relationship with Hideo Kojima deteriorated and led to the developer splitting from the company following the release of Metal Gear Solid V: The Phantom Pain and the cancellation of the Silent Hill reboot game “Silent Hills”. Konami still owns the rights to the Metal Gear series and released a multiplayer spin-off game in Metal Gear Survive, but no other mainline Metal Gear game has been made since then. It’s understandable why some fans and media have speculated that the company was exiting game development, but they have quickly denied that and confirm they remain in the business.

Our last Konami related report was Dead by Daylight holding a crossover with the Silent Hill series, which you can read here.