Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
User Settings
LAN Parties
Upcoming one-time events:

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
Early Patch for Early Just Cause 3
Red Alert 2 and Yuri's Revenge Free on Origin
Saturday Previews
Saturday Consolidation
Saturday Tech Bits
Saturday Safety Dance
Saturday Legal Briefs
Game Reviews
Hardware Reviews
Out of the Blue
Windows and OS X PS4 Remote Play Plans
Pre-Steam Sale Prices Raised?
Defect Early Access Next Week
PES 2016 F2P on PlayStations
Mastertronic in Administration
On Sale
Black Friday Crowdfunding Roundup
Black Friday Patches
Gatherings & Competitions



Blue's News logo