Square Enix Reports Strong Financial Performance During First Half of Fiscal Year
Square Enix has reported a strong financial performance for the first half of the current fiscal year ended September 30. The publisher saw an increase in revenue and profits, with performance expected to improve further as it plans to release four major titles in the near future.
Revenue increased by 18.1 percent to ¥86.4 billion, operating income increased by 47.9 percent to ¥12.6 billion, and profits were up by 28.4 percent to ¥7.3 billion. Square Enix’s video game division generated most of the revenue with ¥60.2 billion. The quarter’s top performing titles included PC and smartphone titles, and the company noted that MMOs Final Fantasy XIV: A Realm Reborn and Dragon Quest X had “favorable performances.”
Square Enix said that smartphones and tablet PCs are “spreading rapidly” while console markets in Europe and North America are “increasingly getting competitive and oligopolistic.”
In light of such environmental changes, the Group is focusing all efforts on establishment of a solid revenue foundation through introduction of flexible content development conforming to the ever-changing environment as well as diversification of profit opportunities.