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Square Enix is no longer bleeding money

2:45 PM on 02.05.2014  ·  Steven Hansen@dtoidsteven
0

In fact, it's making more money than Chocolina

Square Enix is doing much better than it was exactly one year ago. That makes one of us.

In the first three quarters of the company's 2014 fiscal year (the last nine months of 2013) it boasted net sales of 102.47 billion yen ($1.01 billion), according to its earnings report. This is actually a 0.3 percent dip for the same time last fiscal year, things are going much better.

The operating income of 7.82 billion yen ($77.23 million) and a net income of 5.18 billion yen ($51.15 million) in this recent report are a dramatic turn around from the previous operating loss of 4.85 billion yen ($47.84M)  and a net loss of 5.75 billion yen ($56.72M). That's a $100M swing in net income in one year. And Lightning Returns isn't even out (outside of Japan) yet.

Similar to how it blamed the console market last year, Square attributed the good numbers to the console market, as well as the much more positively received reboot of Final Fantasy XIV. Now announce Final Fantasy XII HD already. Geez.

Square Enix returning to profitability in 2014 fiscal year [Polygon]

 
 

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#Final Fantasy #Industry Bull #Money #News #Square Enix
 
 
 
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Steven HansenFeatures Editor // Profile & Disclosures
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Steven watches anime & sports, buys meat out of trucks, dates a Muppet, and is only good at cooking. He stands before you bereft of solace and well on the road to perdition. ('^ω^) more
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