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Square-Enix Q1: losses cut by 75%, company still in red

Tuesday, 6th August 2013 09:16 GMT By Dave Cook

Square-Enix has posted its first-quarter financial results for the three month period ended June 30. The company remains in the red despite culling its year-on-year losses by 75%.

GI.biz reports that for the quarter, Square-Enix posed a loss of ¥493 million ($5 million), which is a 75% reduction over its ¥2.01 billion ($21 million) loss for the same period last year.

The company has also posted an extraordinary loss – those suffered under unusual circumstances – to the tune of ¥1.6 billion ($16.2m).

Square’s report explains, “In response to the latest environmental changes in the game industry, the Group has implemented a change in its development policy, and conducted a comprehensive review on work-in-progress game titles for the three-month period ended June 30, 2013.”

This suggests that projects have either been cancelled or shifted somehow. The report doesn’t offer any further insight.

Regardless of the loss, Square’s full-year projection remains at between ¥3.5-6 billion.

In software, the company had no big releases in the quarter, but social and browser titles such as Sengoku IXA and Kaku-San-Sei Million Arthur performed well. The company’s digital entertainment made ¥115 billion in Q1 revenue, while its amusements arm made ¥9.7 billion.

More will follow.

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10 Comments

  1. Pytox

    auch

    #1 1 year ago
  2. backup

    Edios should move from away them otherwise SE will kill them

    #2 1 year ago
  3. atlans89

    And they expect Lightning will save them?

    #3 1 year ago
  4. Dave Cook

    @3 who said that?

    #4 1 year ago
  5. atlans89

    It’s more like their way of PR for her in LR:FFXIII indicate that. I’m just trying to be sarcastic.

    #5 1 year ago
  6. Dragon246

    They will pull it through. Its not a very bad situation.

    #6 1 year ago
  7. archaven

    Squeenix is digging its own grave by ignoring the PC fanbase. They thought every PC gamers are pirates hence they only release online only games avaialable to PC.

    Serves them right you asked me.

    #7 1 year ago
  8. Kabby

    Nah. They’re going down because they haven’t made a good Final Fantasy game in the last decade.

    #8 1 year ago
  9. sebastien rivas

    @ 8

    Agreed but it looks like they have the creative complex syndrom whereas they are talented, there is no other standpoint but they go so far and so hard in creativity that they tend to miss points.

    One among many many other that is not right on Square Enix but its affiliate.
    I just purchase Tomb Raider during their summer sales.
    boy what a good game with strong story and good mechanics, yet 2 things…

    1) why so little puzzles? that made Tomb Raider genre so strong back in the days?
    2) why change Lara’s look. She is a whimpy tom boy with strong will. Nothing at all that would get me back in the game and everything that goes and say gosh I miss the real Lara.
    She used to be so clever, fun, and let’s be real… attractive, at least to me. I heard there is a new Tomb Raider coming up but the changes were so hard that in spite of the real good game the Tomb Raider I play now, it balances out and tells me that I do not want to spend 60~70$ up front.

    With the Creative complex syndrom. They do really well on something then probably think it cannot be achieved again unless strong changes occur; hence let’s continue the title but with changes where gamers do not want them to be so it will completely new; therefore really creative!

    #9 1 year ago
  10. Vice

    @3 well apparently they think so cuz they keep making bad ff13 games nobody asks for.

    #10 1 year ago

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