Square Enix Posts Loss, Despite Increase in Revenue - NewsWilliam D'Angelo, posted on 13 May 2013 / 4,789 Views
Square Enix has released its financial report for its last fiscal quarter, which ended Mach 31, 2013. Revenue increased 15.1 percent to ¥148 billion ($1.45 billion), from ¥127.9 billion ($1.26 billion) during the previous fiscal year. Despite the jump in revenue, profits took a major hit. Square Enix posted a loss of ¥13.7 billion ($134.6 million), down from a profit of ¥6 billion ($59.0 million).
The company has also released several lifetime franchise sales figures. The Final Fantasy franchise has passed 100 million units sold worldwide. The Dragon Quest has sold more than 65 million units, while the Tomb Raider franchise has sold more than 35 million units.
For the current fiscal year, which ends March 31, 2014, Square Enix is expecting revenue between ¥140 billion ($1.38 billion) and ¥150 billion ($1.47 billion). The company expects to return to profits after a significant loss. Profits are expected to be between ¥3.5 billion ($34.4 million) and ¥6 billion ($59.0 million).