Square Enix Profits Double, Raises Full Year Forecast - News
by William D'Angelo , posted on 06 November 2014 / 4,988 Views
Square Enix has had a strong six month period as profits more than double for the period ending September 30, 2014. Square Enix has also raised its full year forecast, due to the stronger than expected sales.
Revenue for the six month period increased 18 percent year-over-year to ¥73.1 billion ($638 million), from ¥61.7 billion ($537.9 million). Profits jumped to ¥5.7 billion ($49.8 million), from ¥2.6 billion ($22.7 million).
The Digital Entertainment division revenue increased 43 percent year-over-year to ¥43.8 billion ($382 million). Profits increased 130 percent to ¥7.9 billion ($69 million).
Square Enix has stated that its two MMOs, Final Fantasy XIV and Dragon Quest X, have had strong performances. They also mentioned good sales of its smartphone games Dragon Quest Monsters Super Light and Schoolgirl Strikers.
Due to the strong sales Square Enix has increased its forecast for the full fiscal year. Revenue has been increased by ¥10 billion to between ¥150 billion and ¥160 billion. Expected profits has been increased by ¥4 billion to between ¥7 billion and ¥10 billion.
________________________________________________________________________________________
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
