Square Enix Enjoys Strong Financial Results, Raises Forecast

FFXIV trailer screenshot (disciplesoftheland.com)

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Square Enix Enjoys Strong Financial Results, Raises Forecast

Despite a lack of new releases.

BY LUKE KARMALI (IGN.com)

Square Enix has released its financial results for Q1 of this financial year, revealing a continuation of its profitable run and a raising of its six month forecast.

In the three month period ending June 20, the company pulled in ¥37.8 billion in revenue, a 57 percent increase on the ¥24.1 billion earned in the same period 12 months prior. This difference translated over into profit too, with the company making ¥3.4 billion where it lost ¥493 million previously.

Only one console title was released in the quarter, which was the poorly-received Murdered: Soul Suspect. However, continuing sales of older titles coupled with subscription games like Final Fantasy XIV and its mobile portfolio meant the company didn’t feel the pinch.

This, along with promising signs from the adoption of a cost-cutting strategy, has prompted Square Enix to boost its six-month forecast by ¥5 billion. It now expects to make between ¥68 billion and ¥74 billion in the six month period ending on September 30.

Luke Karmali is IGN UK News Editor. You too can revel in mediocrity by following him on Twitter.

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