Fri, May 13, 2011 | 17:55 BST
Square reports 35% drop in sales, blames “weak consoles performance”
Square Enix has released its financial information for its fiscal year ending March 31, and it finds sales down 35 percent for the year to ¥12 billion ($148 million/£90.6 million).
The firm blamed its financial year on “weak console performance,” as well as the delay in billing for Final Fantasy XIV Online due to being free to subscribers while the game’s kinks were worked out. The earthquake and tsunami were also a contributing factors, as well as companies the publisher purchased losing value over the year.
“Our Group experienced significantly lower sales and profit during the fiscal year mainly due to weak performance of console game titles released during the year as well as the impact of a continued delay in billing for a key online title, which was newly launched during the year,” said Square boss Yoichi Wada in the company statement.
However, it was not all doom and gloom as the Square noted Kane & Lynch 2: Dog Days and Dragon Quest Monsters: Joker 2 each sold one million copies for the firm.