Several offshoot developers such as Eighting, Tamsoft, CAVE, Gazelle, and Takumi Corporation were formed prior to and after the closure, while former members later joined to other studios such as Bandai Namco Entertainment, Capcom, Square Enix and Taito.

Toaplan has since earned recognition from critics, being called one of the greatest and most influential Japanese shoot 'em up developers and "master" of the scrolling shooter genre.

[3][4][5][6][7][8][9][10][11][12][13][14][15][16] Performan was created by most of the same team that previously worked on several projects at Orca and Crux before both companies declared bankruptcy,[17][18][19][20] after which a group of employees from the two gaming divisions would go on to form Toaplan and among them were composers Masahiro Yuge and Tatsuya Uemura.

[6][10][11][12][13] In 1992, Yoshiyuki Kiyomoto stepped down from his position as CEO at Toaplan, with Taizo Hayashi now serving as the company's president.

[36][37][38][39][40][41] In 2019, Japanese company M2 announced that in 2020 they will release every game by Toaplan (excluding Mahjong Sisters and Enma Daiō) for consoles in Japan.