Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:
Nashville, TN 02/27

Regularly scheduled events

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.

Email Digg Facebook Twitter   Share More    


 

  
   Current Headlines
Pay for WoW Game Time with Game Gold
Unreal Engine 4 Free
Fallout 4 Announcement at E3?
Trine 3 Announced
Stealth 2 Next Month
Battlefield Hardline Premium Announced
Beyond 35,000 Prototype
U.K. Sales Charts
Morning Crowdfunding Roundup
Morning Interviews
Morning Previews
Morning Consolidation
Morning Mobilization
Morning Metaverse
Morning Legal Briefs
Game Reviews
Hardware Reviews
etc.
Out of the Blue
HTC's SteamVR Headset
  

 



footer

Blue's News logo