Square Enix experiences mixed financial results
Posted on August 6, 2013 by Brian(@NE_Brian) in General Nintendo, News
Square Enix’s latest financial results has some good, and it had some bad.
For the first quarter of the company’s fiscal 2014, Square Enix once again posted a loss, but didn’t see as big a downturn as it did last year. Net sales came in at 24 billion yen ($245.3 million) – a decrease from 24.9 billion yen year-over-year. Meanwhile, net loss stands at 493 million yen ($5 million), which is quite a bit better than last year’s 2 billion yen ($21.1 million) loss.
Square Enix’s Digital Entertainment division – primarily focused on video games – were up having posted net sales of 11.5 billion yen ($118 million) and an operating income of 1.3 billion yen ($13.4 million).
Square Enix states in its latest financial results that console game sales were “weak” following the lack of new titles shipped during the first quarter. Encouragingly, Dragon Quest X “has been showing steady performance.”
