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Square Enix reports increased sales with decreased profits during first fiscal half

Tuesday, 6th November 2012 16:58 GMT By Stephany Nunneley

Square Enix has reported ¥61 billion ($760 million) in earnings for the first half of its fiscal year, when ended on September 30.

The figure is an increase of ¥3.5 billion ($43.6 million) year-over-year, with ¥5.4 billion ($67 million) in net loss compared to ¥3.7 billion in net income year-over-year, per Joystiq.

Square said its financials were the result of lower than expected game sales, combined with spending on mobile games development. The firm also noted “sluggish” arcade machine sales and revenues for Japan.

The firm’s financial reported mentioned that Sleeping Dogs shipped 1.5 million copies since August, Dragon Quest X has shipped 700,000 units, with 400,000 registered users paying for the game.

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