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Square Enix Loses 5.7 billion yen due to Poor Console Sales

#1Master_HapposaiPosted 2/5/2013 7:40:07 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/


Maybe they should go back to making Japanese RPGs.
#2oneupdawg2k4Posted 2/5/2013 7:49:07 AM
They should go back to focusing on one game at a time. No need for countless spin offs.
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#3CatalystGuitar18Posted 2/5/2013 7:50:15 AM
Tomb Raider will be good, but hey, I got an idea Square.


How about a Vagrant Story sequel?

How about a Final Fantasy Tactics sequel (a true one)?

How about an Einhander sequel on PSN / XBLA?

How about a Chrono Cross / Trigger sequel?

How about FFVsXIII?

How about releasing Final Fantasy Type-0 on PSN? (YOU DON'T EVEN NEED TO PACKAGE IT FOR CRYING OUT LOUD)

How about an FF game that doesn't suck?

Or, just remake VII and hell, there go all your problems.


There you go Square. Those are free. Use 'em
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#4flintzPosted 2/5/2013 7:50:50 AM
Not surprised, apart from their eidos games, their games are terrible.
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#5SinfullyvannilaPosted 2/5/2013 7:58:19 AM(edited)
What did SE even make for consoles in the last year?

Arkham City? Didn't that do really well?
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Polite conversation should never include Politics, Religion or what constitutes an RPG.
Playing a game for it's story is like watching porn for it's story.
#6bob15xPosted 2/5/2013 7:58:28 AM
Sinfullyvannila posted...
What did SE even make for consoles in the last year?

Arkham City? Didn't that do really well?


remakes
#7SinfullyvannilaPosted 2/5/2013 8:00:28 AM
bob15x posted...
Sinfullyvannila posted...
What did SE even make for consoles in the last year?

Arkham City? Didn't that do really well?


remakes


What did they remake?
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Polite conversation should never include Politics, Religion or what constitutes an RPG.
Playing a game for it's story is like watching porn for it's story.
#8majin nemesisPosted 2/5/2013 8:01:16 AM
they should just hurry with Lightning Returns,FFVsXIII and Kingdom Hearts HD 1.5 ReMIX
because that way they would get some profit
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#9LuminescentRulePosted 2/5/2013 8:05:46 AM
What games did they even release?
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#10LuminescentRulePosted 2/5/2013 8:07:07 AM
Sinfullyvannila posted...
What did SE even make for consoles in the last year?

Arkham City? Didn't that do really well?


Arkham City came out in 2011.
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