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:
Germany 08/31
Chicago, IL USA, IL 10/19

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
MechWarrior Lawsuit Settled
Life is Strange 2 in September
The Sims 4 Seasons Released
On Sale
Evening Patches
Evening Interviews
Op Ed
Evening Previews
Evening Consolidation
Evening Mobilization
Evening Tech Bits
Evening Legal Briefs
Into the Black
Red Dead Redemption 2 PC Plans?
PUBG Launches Sanhok Map and Event Pass
World of Warcraft Welcome Back Weekend
Black Mesa Status
RESIDENT EVIL 2 Specs
Moodust Portal Demo
Gatherings & Competitions
  

 



footer

Blue's News logo