Ubisoft's Tom Clancy's The Divison
Ubisoft debuted the next gen game with an impressive gameplay demo. Ubisoft

Ubisoft has confirmed that Tom Clancy's The Division has been delayed until 2016. They did so on the down-low in their annual financial report presentation, before later confirming the news to VideoGamer.

The presentation lists the game for the fourth quarter of the financial year, meaning a release between 1 January and 31 March 2016. The game was once originally slated for a 2014 release following it's reveal at E3 2013.

In a statement Ubisoft said: "We believe we have a great title on our hands and we are giving additional time to our developers to fully fulfil their creative vision. This decision proved right on WD [Watch Dogs] which clearly outperformed the targets we had set up for its original FY14 launch more than compensating for the extra development costs incurred."

Developers Ubisoft Massive (who have since been joined by other developers they list below) have also confirmed that the game will be at E3 next month despite the delay. Little has been heard from the title since it was shown off at last year's show, so we may finally see something approaching the final product.

"We have decided to release the game on Xbox One, PS4 and PC during the first quarter of calendar year 2016," they said in a statement on their website. "All of us at Massive, [Ubisoft] Reflections, Red Storm Entertainment and Ubisoft Annecy want to ensure the game not only meets our high expectations but also those of our fans and players alike. We are proud of what we have achieved so far and can't wait to show you more next month at E3!"

Ubisoft still have Tom Clancy's Rainbow Six: Siege and Assassin's Creed: Syndicate set for release in 2015, and another unannounced "triple-A" title for release at some point in the financial year. Ubisoft will be holding a press conference at E3 where we can expect to hear more.