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GAMING NEWS

Square Enix 8 Billion Yen Behind Last Year's Figures

Posted on Friday, August 5 @ 01:27:54 Eastern by Nicholas Tan

Revealing results for this fiscal quarter (April - June 2011), Square Enix admits that they may be in the red for now, but President and Representative Director Yoichi Wada believes they are still on the right track for profit by the end of the fiscal year:

In a quarter without major title releases, our Group's sales and profit were lower compared to the previous fiscal year. At the same time, however, we are making solid progress toward our targets for the full fiscal year ending March 2012.

Our growing content and services areas such as ‘SENGOKU IXA’ and ‘Nicotto Town’ continued strong performance in the quarter.

As we stated at the start of the year, we are focusing all efforts on rebuilding the Group businesses during the current fiscal year toward generating a substantial earnings recovery from the fiscal year ending March 31, 2013 and beyond.

Square Enix also provides a release schedule for their upcoming titles to bring them back into the black:

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Tags: Square Enix