Sony has announced they have no plans to release major first-party PS5 titles for the entire forthcoming year, leading into their next fiscal year.

The news comes from Sony’s latest financial results briefing, where Sony group president, COO, and CFO Hiroki Totoki confirmed it will be a very sparse PS5 release schedule for an entire year.

“In the first-party software business, we continue to focus on the development of high-quality productions and live service games,” Totoki said. “The development of major titles is underway, but we do not plan to release new major titles such as God of War Ragnarok and Marvelʼs Spider-Man 2 in the next fiscal year.”

To be clear, Sony’s fiscal year (like many other tech or gaming companies) runs from April 1st through March 31st of the next year. This means no major PS5 games will be released until after March 31st, 2025 – a little over a year from now.

He added, “Although the burden of acquisition-related expenses will decrease in the next fiscal year, we expect first-party software profits to decline slightly from the current fiscal year due to the impact of lower sales.”

Totoki also revealed Sony already considers the PS5 to be moving into “the second half of its console [life] cycle,” and they expect a gradual decline in sales. Sony will focus on optimizing sales with a “greater focus on revenue balance.”