Gaming Cypher

The Latest Video Game News and Reviews

Square Enix – Financials Exceed Expectation

Square Enix has released its six-month financial report, revising the year-end projection due to exceeding performance of Final Fantasy 14: A Realm Reborn sales.

Final-Fantasy-X-X-2-HD-Remaster_2013_10-27-13_023

The company’s original projection for the full financial year were initially set between ¥59 billion ($598 million) and ¥63 billion. Square Enix has now revised its full-year projection to ¥61.7 billion ($626 million).

The revision comes as a direct result to Final Fantasy 14′s relaunch exceeding initial expectations as well as strong arcade performance in Japan.

In addition, Square Enix had posted an expected operating loss of ¥2 billion ($20 million), but this number has changed. The company is now expected to bring in an operating profit of ¥4.7 billion ($48 million).

Finally, Square’s net income projection was revised and narrowed from anywhere between a flat performance and a ¥1.3 billion ($13 million) loss to a ¥2.6 billion profit ($26 million).

What did you think?

Website | + posts