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Forums - Sales Discussion - Square Enix Profits Double, Raises Full Year Forecast

VXIII on 06 November 2014

 

Square Enix has had a strong six month period as profits more than double for the period ending September 30, 2014. Square Enix has also raised its full year forecast, due to the stronger than expected sales.

Revenue for the six month period increased 18 percent year-over-year to ¥73.1 billion ($638 million), from ¥61.7 billion ($537.9 million). Profits jumped to ¥5.7 billion ($49.8 million), from ¥2.6 billion ($22.7 million).

The Digital Entertainment division revenue increased 43 percent year-over-year to ¥43.8 billion ($382 million). Profits increased 130 percent to ¥7.9 billion ($69 million).

Square Enix has stated that its two MMOs, Final Fantasy XIV and Dragon Quest X, have had strong performances. They also mentioned good sales of its smartphone games Dragon Quest Monsters Super Lightand Schoolgirl Strikers.

Due to the strong sales Square Enix has increased its forecast for the full fiscal year. Revenue has been increased by ¥10 billion to between ¥150 billion and ¥160 billion. Expected profits has been increased by ¥4 billion to between ¥7 billion and ¥10 billion.

http://www.vgchartz.com/article/252100/square-enix-profits-double-raises-full-year-forecast/

SE seem to be getting back on their feet since Wada departure, as a company they are less confused with better management. Their upcoming titles look promising,  XV has the potential to be the best game they made in years.



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zorg1000 on 06 November 2014

Good to hear, I'm excited for Final Fantasy Explorers and Bravely Second



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ktay95 on 06 November 2014

Unsurprising that they are doing well on the smartphone side, Dragon Quest Monsters Super Light was always going to print money. Good to here the MMOs are doing well too.



vivster on 06 November 2014

Great. More money means more funds to bring games to proper consoles.



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VXIII on 06 November 2014
ktay95 said:
Unsurprising that they are doing well on the smartphone side, Dragon Quest Monsters Super Light was always going to print money. Good to here the MMOs are doing well too.

They made the right decision by not abandoning FF XIV after the underwhelming release. It is paying off.



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NiKKoM on 06 November 2014

Moooaaar mobile!



 

Face the future.. Gamecenter ID: nikkom_nl (oh no he didn't!!) 

JOKA_ on 06 November 2014

AAA Dev is making a profit and attributed some of it to mobile games? This thread isn't going to get many responses :)



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ironmanDX on 06 November 2014

Good to hear. Only bought thief from them in recent times though.



Anfebious on 06 November 2014

Double the profits means double the amount of mobile games! YES!



"I've Underestimated the Horse Power from Mario Kart 8, I'll Never Doubt the WiiU's Engine Again"

oniyide on 06 November 2014
VXIII said:
ktay95 said:
Unsurprising that they are doing well on the smartphone side, Dragon Quest Monsters Super Light was always going to print money. Good to here the MMOs are doing well too.

They made the right decision by not abandoning FF XIV after the underwhelming release. It is paying off.


i was one of the people agaisnt them keeping FF14 going. I felt that it was keeping them from working on other products and it would be a waste of time. I have no problem saying i was wrong(at least on the worth it front) and the revised game does look better. Hell i might give it a go if I ever get around to getting a PS4