Square Enix Reports ¥1.6 Billion in Extraordinary Loss, Final Fantasy X/X-2 HD Remaster Still Releasing in 2013

August 6, 2013Written by Jason Dunning


Square Enix has brought out their financials from the first quarter of the fiscal year, revealing that they posted net sales of ¥24 billion (about $245.3 million), which is down from ¥24.9 billion during the same time frame last year. For net loss, that was at ¥493 million (about $5 million), much better than the ¥2 billion (about $21.1 million) seen last year.

Looking at the extraordinary loss, it was ¥1.6 billion (about $16.2 million), with the company offering up the following explanation for this loss:

In response to the latest environmental changes in the game industry, the Company has implemented a change in its development policy, and conducted a comprehensive review on work-in-progress game titles for the three-month period ended June 30, 2013. As a result, the Company has decided to book a loss on evaluation of content (approximately ¥1.6 billion) as an extraordinary loss.

While the new releases side of things for Square Enix was whisper quiet during the quarter, they did call attention to Sengoku IXA, Kaku-San-Sei Million Arthur, and Dragon Quest X as good performers.

As well, they recapped their upcoming release schedule, showing that Final Fantasy XIV: A Realm Reborn is out August 27th on PS3 and 2014 on PS4, Kingdom Hearts HD 1.5 Remix is out September 10th/13th, the Final Fantasy X/X-2 HD Remaster is still expected in 2013, Lightning Returns: Final Fantasy XIII releases February 11th/14th, 2014, and Thief launches in 2014.