In a letter recently distributed (.pdf link) to the company's investors, Nippon Ichi president Tomohiro Sato announced that he would be stepping down from his managerial post on March 31. Sato cites "personal reasons" as the force leading him to resign, though this news comes only two weeks on the heels of Nippon Ichi's announcement of its 98 percent year-over-year revenue decline, and resulting JASDAQ freefall.

Though we may not undoubtedly know what led to Sato's departure, we're really hoping this is just part of Nippon Ichi's restructuring process, and that we're one step closer to getting our hands on Absolute Hero Modding Project. Ever the pragmatists, we are.

Update: Tomohiro Sato is actually the company's head of Sales and Marketing. The current president, Sohei Shinkawa, is not stepping down. We apologize for the mix-up.

This article was originally published on Joystiq.