This is why FF is now being milked: SE posts a loss of 5.7 billion yen

#1j-fielding95Posted 2/5/2013 9:18:12 AM
Square Enix has released its financial report for the nine month period which ended December 31, 2012. The company posted a loss of 5.7 billion Yen, which is the total opposite of a 5 billion Yen profit for the same period a year ago. Revenue for game sales did increase to 102.7 billion Yen, from 95.7 billion Yen.

"During the nine-month period ended December 31, 2012, the Company has not recovered the operating loss posted in the six-month period ended September 30, 2012," said Square Enix in a statement to GamesIndustry International. "[This is] primarily due to the increasingly difficult condition of the world-wide console game market, under which the Group is struggling to achieve a fair expected return on its investment."

"On the other hand, content for other platforms such as PCs, smartphones and SNS such as ‘Sengoku Ixa,’ a browser game, and ‘Final Fantasy Brigade,’ a social networking game for Mobage, are generating an acceptable profit."

"In addition, newly released game titles, such as ‘Kaku-San-Sei Million Arthur,’ a social networking game released in April, 2012 serving more than 1 million registered users, have been expanding at a satisfactory pace. Registered users of Final Fantasy Artniks,’ a social networking game released in November, 2012 for Gree, exceeded 1 million at the end of December, 2012."

Despite the losses for the nine month period, Square Enix expects to report a profit for the full fiscal year which ends March 31, 2013. The company is hoping that Tomb Raider will be a success. The game is set to be released in March 5.

http://www.vgchartz.com/article/250722/square-enix-loses-57-billion-due-to-poor-console-sales/
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#2TorgoForeverPosted 2/5/2013 9:21:33 AM
And this is why SE should try to get some IPs back and do them right this time.
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#3kupo1705Posted 2/5/2013 9:28:14 AM
They need to make more games like All The Bravest.
#4KittenSndwchmkrPosted 2/5/2013 9:30:20 AM
Protip:

Abandon Lightning once and for all. Move on.
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#5CokaineCowboy77Posted 2/5/2013 9:31:03 AM
KittenSndwchmkr posted...
Protip:

Abandon Lightning once and for all. Move on.

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FFVII=FFVI>FFX>FFIX>FFVIII>FFIV
XIII= S***
#6hyro56Posted 2/5/2013 9:32:39 AM
Jennifer has some analytical skills. Hmm....
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#7dils-dPosted 2/5/2013 9:33:08 AM
They have only themselves to blame. Hopefully they'll earn enough from selling Luminous that they can stay in business.
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#8kupo1705Posted 2/5/2013 9:34:17 AM
dils-d posted...
They have only themselves to blame. Hopefully they'll earn enough from selling Luminous that they can stay in business.


I don't think anyone wants to use an engine that expensive.
#9j-fielding95(Topic Creator)Posted 2/5/2013 9:36:16 AM
hyro56 posted...
Jennifer has some analytical skills. Hmm....


I don't do A level Business for nothing!
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#10hyro56Posted 2/5/2013 9:37:06 AM(edited)
I don't think I've ever heard of Square-Enix out-sourcing their game engines unless the third party develop has been contracted by them.
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