Square Enix Posts Loss, Despite Increase in Revenue - News

by William D'Angelo , posted on 13 May 2013 / 5,068 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).

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LevelUP (on 14 May 2013)

It's about time they suffer, for the past 7 years since they announced FFvs13 and Type-0 they still haven't given their fans what was promised.

wolfofthepack (on 13 May 2013)

expected if they keep giving us rubbish like ff13-2 and the up coming ff13-3! u have so much other franchise chrono, kingdom hearts etc come square get it together

thewastedyouth (on 13 May 2013)

sad thing is SE is making Eidos and the rest of their western studios pay because they do not sell COD numbers even though they still made succesful games with critical acclaim. to hell with SE, their jap games are garbage since all the talent left. RIP Eidos

miqdadi (on 14 May 2013)

If they are to keep working on smart phone & Tablets, with their main force, I can't see this happening, to return to profit, they should first pay less on these games to sell it, and be competitive with smaller publishers, then they should go back working on 3DS, & Vita for Japan, while their main titles coming like we where used to on home consoles