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Square Enix's "Extraordinary" Losses

Apparently extraordinary times can lead to "extraordinary" losses, as this is what Develop says Square Enix is reporting in their financial results for their fiscal year ending March 31st. Here's word on the losses and their fallout:

Square Enix has posted an expected "extraordinary" net loss of £88m for the year ending March 31st.

The anticipated financial results come as the publisher reveals that net sales actually rose more than 15 per cent year-on-year to £946 million.

Operating income however fell to £39 million, while recurring income more than halved to £28 million.

In an effort to combat falling revenues, the publisher said it would be changing its development policy, as well as redesigning some of its business models and some organisational reforms after its major titles had underperformed in North America and Europe.

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24. Re: Square Enix's May 13, 2013, 19:07 Acleacius
 
TurdFergasun wrote on May 13, 2013, 16:32:
the bank of canada disagrees(crown owned financial regulatory body) with you. literally: bank of canada mandate:

WHEREAS it is desirable to establish a central bank in Canada to regulate credit and currency in the best interests of the economic life of the nation, to control and protect the external value of the national monetary unit and to mitigate by its influence fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada.
Guess my info is out of date?
Canadian securities regulation
Canadian securities regulation is managed through laws and agencies established by Canada's 13 provincial and territorial governments. Each province and territory has a securities commission or equivalent authority and its own piece of provincial or territorial legislation.

Unlike any other major federation, Canada does not have a securities regulatory authority at the federal government level. Provincial governments began to establish regulatory agencies in 1912 (in Manitoba), and the Privy Council decided in Lymburn and Mayland, [1932] A.C. 318 that such legislation is authorized under the provincial property and civil rights power.

Notwithstanding the lack of a federal regulator, the majority of provincial security commissions operate under a passport system, so that the approval of one commission essentially allows for registration in another province. However, concerns with the system remain. For example, Ontario, Canada’s largest capital market, does not participate in the Passport regime.
 
The people can always be brought to the bidding of the leaders.That is easy.All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger.It works the same way in any country.
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