Things looking up for Square Enix; publisher back to profit thanks to Final Fantasy XIII-2 and Deus Ex
Last year, Square Enix was down, but now it is up again.
Today, the publisher revealed that the fiscal year that ended in March 2012 resulted in profit for it. While net sales rose only two percent from 125 billion yen (around $1.56 billion) to 127 billion yen (nearly $1.59 billion), Square posted profits of 6 billion yen (around $75.1 million), a considerable improvement on the previous year's 12 billion yen (over $150.2 million).
And what, might you ask, enabled Square to turn its fortunes around? The company credits Final Fantasy XIII-2 and Deus Ex: Human Revolution as key players that "favorably grew sales of packaged software". Also, it notes, on the digital side, the browser-based Sengoku IXA and cell phone-based Final Fantasy Brigade, the latter of which now has more than 2 million users and is said to be enjoying "robust growth."
Square Enix has not released any firm forecasts for the current year, but is "focusing all efforts on a substantial earnings improvement." Hopefully, with titles like Hitman: Absolution and Sleeping Dogs on the near horizon, the publisher will be able to do just that.
The above news came alongside the news that the Tomb Raider reboot had been delayed to Q1 2013.
A writer, journalist, and aspiring storyteller, Peter Grimm has been gaming since the days of the Nintendo 64, and reporting on the goings-on in the World of Gaming since late 2011. His base of writing operations is located within the void between Here and There, or so he would have you think.
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