Eh I don't think that really explains it, especially this gen.
They are one of the few publishers still putting out smaller AA games and plenty of them still feel polished and at least competent.
I mean yeah they've had plenty of misfires like that Mana remake, but they've had plenty of things like Nier, World of FF, Octopath Traveler, and so on. I'd say most of thier output has been ok. Even the low budget Tokyo Factory games biggest crime is that they are boring games, not shitty games. Hell, the new one looks ok though.
They certainly haven't been as bad as last gen, but I guess this is thier Mind Jack for this gen.