Square Enix Q1 FY2014 numbers: extraordinary loss.. Praises Mobile/Social/Browser

[NiKKoM]

badgenome said:

Akvod said:
I don't know what the definition of an "Extraordinary Loss" is in JP GAAP (I've only read a shot blurb saying it's broader), but I just think it's misleading of them to do that.

Their loss is a result of their business strategy. It's not unusual or infrequent. They've been consistently making losses.

I'm not sure, either, but if it comes from canceled games it may count as an extraordinary loss since they can't cancel those games again. (In theory! But I have faith in you, Squeenix!)

Well I actually posted the Extraordinary Loss in the title cause SE actually reported an EL last quarter.. but because that was another fiscal year this year it doesn't count they start with a new EL..

Consolidated Results and Consolidated Financial Position for the Fiscal Year Ended March 31, 2013
In response to the latest environmental changes in the game industry, the Group has implemented various strategic initiatives such as a change in its development policy, organizational reforms, and redesign of some business models. As a result of such initiatives, the Group posts the extraordinary losses, which lead to net loss of ¥13,714 million (net income of ¥6,060 million in the prior fiscal year).

Which is impressive..  cause it could mean nobody is actually working on a game at SE..