Square Enix Reports Losses of $68M, Sleeping Dogs Ships 1.5M Units - NewsWilliam D'Angelo, posted on 06 November 2012 / 9,687 Views
Square Enix has reported on its six month period which ended September 30, 2012. Net sales increased 6.2 percent to 61.06 billion yen ($761.7 million), from 57.52 billion yen ($717.6 million). The company ended up losing 5.48 billion yen ($68.4 million), compared to profits of 3.70 billion yen ($46.2 million).
Squre Enix before it released its report had warned about lower than expected sales for Sleeping Dogs, though no sales figures were given. The company has now announced the game has shipped 1.5 million units through the end of September.
Dragon Quest Monsters Terry No Wonderland 3D (3DS) was the second strongest title during the six month period. 900,000 units of the game were shipped to retailers. 650,000 units of Kingdom Hearts 3D: Dream Drop Distance (3DS) were shipped in North America and Europe. Also 150,000 units of Theatrythm Final Fantasy were shipped in North America and Europe.
Dragon Quest X (Wii) had shipped 700,000 units in Japan. However Square Enix announced there are just over 400,000 paying registered users. To compare, Final Fantasy XI had just 100,000 paying registered users when it was first released, but it did eventually grow to 500,000.
Square Enix forecasts net sales of 150 billion yen ($1,871.3 million) for the full fiscal year 2013 which ends on March 31, 2013. This is an increase over the 127.90 billion yen ($1,595.6 million) in net sales in its fiscal year 2012. The company expects profits of 3.5 billion yen ($43.7 million), down from 6.06 billion yen ($75.6 million) a year ago.