Square Enix to announce new MMO before April 2012

Square Enix is developing a new MMO, with an announcement to come later in its fiscal year ending March 31, 2012, the company has said.

The news comes from the transcript of the company's FY2011 financials earlier this month (translated by Andriasang).

In it, it says that it's hoping to operate between two to three large-scale MMOs simultaneously, something Square says will hopefully enable a stable cash flow.

On its current big MMO, Final Fantasy XIV, it says that it's starting to see the target in terms of fixing the problems its had since its launch last fall.