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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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7. Re: Square Enix's May 13, 2013, 10:35 Verno
 
avianflu wrote on May 13, 2013, 10:27:
i am a bit surprised sleeping dogs only sold 1.75 million units. Maybe it wasnt western enough for the west?

Then again, the very poor title choice of the game and the endless crapular DLC's didnt help.

The protagonist isn't your usual American audience self-insert and its a brand new franchise.

The Square side of the business is being propped up by Enix, that merger has been a total loser for Enix in general. Cancel FFXIII Versus and the other multi year projects and realign with what fans want going forward.
 
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Playing: Dark Souls 2
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