Konami will skip E3 2021 as they are “in deep development on a number of key projects,” the company said in a new statement today.

While Konami will skip E3 2021, they noted they will reveal updates on these projects in the “coming months.” Konami also noted they have “great respect for the ESA” (the folks that run E3).

Here’s their full statement:

Due to timing we will not be ready to present at E3 this year. We want to reassure our fans that we are in deep development on a number of key projects, so please stay tuned for some updates in the coming months.

While we are not participating this year, we have a great respect for the ESA and know that 2021 will be a great success. We will continue to support the ESA and wish the best to all participants at this year’s show.

In related news, rumors were swirling that Konami was shutting down their gaming division amidst restructuring within the company, and that they dissolved their supervisory departments. The company was quick to shoot down this rumor, confirming they would appoint a number of new executives within the company.

Prior to that, rumors arose that Konami would be stopping all AAA game production in 2015, only to have the company deny the rumor. However after that, Konami began to use the aforementioned popular IPs for pachinko machines in Japan (a form of gambling game similar to slot machines in the west). This even included a Silent Hill pachinko machine in 2019.

Quite recently Konami revealed a new revival of one of their old IPs in the form of GetsuFumaDen: Undying Moon, the first new IP from the publisher in awhile via developer GuruGuru. Could this mean their new key projects could also be new titles from existing IPs, but made by third party developers? Only time will tell – we’ll keep you guys posted.