Telenet Japan Co., Ltd. (株式会社日本テレネット Kabushiki-gaisha Nihon Terenetto) was a Japanese video game and software developer founded in October 1983 by Kazuyuki Fukushima. The company was also known as Nippon Telenet (or Nihon Telenet). The company was best known for the Valis series as well as its Wolfteam, Laser Soft and RiOT divisions (the former of which created Tales of Phantasia, the first game in the Tales series). The company's North American subsidiary, Renovation Products was eventually acquired by Sega. The company closed its doors on October 25, 2007. Currently, Sunsoft has acquired Telenet's entire software library, with plans of re-releasing old titles for Virtual Console or remaking them.
The Riot division came into existence in 1991 when Telenet Japan was expanding in the country.
However, because Telenet was starting to lose sales in 1993, the company went through extensive restructuring which resulted in the closing of a few subsidiaries. Some staff employed at Laser Soft and Riot were transferred to another subsidiary, Wolfteam. The same year, several key developers of the PC Engine games Tenshi no Uta I & II left Riot to found Media.Vision and work on a new RPG franchise, Wild Arms.