Mon, Aug 10, 2009 | 23:31 BST
Square Enix posts sizeable net loss in wake of Eidos purchase
After taking a $117 million hit from Eidos, Square Enix’s financials are looking a little worse for the wear. The two-headed Japanese giant posted a net loss of 1.67 billion yen for the quarter ending on June 30.
Sales were also down 1.2 percent when compared to the same period last year, coming in at 29.4 billion yen. In spite of that, though, the company’s games division performed quite well, with sales up 7.2 percent. Kingdom Hearts 358/2 Days and Final Fantasy XI (yes, XI) were listed as reasons for this upswing.
Other than that, though, Square Enix is basically doomed. We can’t, for the life of us, think of anything that might pull the company out of this slump. We guess they have that little DS game they released last month. Uh, Large Fictional Lizard Adventure, was it? But who even bought that?
Thanks, Industry Gamers.