Square Enix experiences mixed financial results
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.”
