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Square Enix reports drop in profits photo

Square Enix has announced their financial figures for the fiscal year ending March 31st, 2009 and have noted that there has been a drop since the figures of last year. GameIndustry.biz reports that revenues fell 8% in comparison to the previous year, which finished out at JPY 135.7 billion (USD 1.44 billion). Their net income also dropped, 31.1 per cent to JPY 6.3 billion (USD 67 million).

The numbers also show that Square is spending the most money on salaries, with USD 170.2 million being spent this past year, roughly 2 billion more than was spent the previous year. Must be that huge Final Fantasy XIII staff -- isn't Square famous for having huge teams work on those titles? Hopefully the game will help them out when it's time to count up the monies again next year.

In other Square news, Blood of Bahamut has been confirmed with a Japanese release date of August 6th. Let's hope we get to hear a US release date announced shortly afterwards, as this is one my my most wanted DS titles of the year. Bring em here and I'll try to help out with those financials, Square!

[Header via Deviant Art]








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Colette Bennett is a Destructoid features editor from New Orleans, Louisiana. She is also a founding member of Destructoid's sister sites Tomopop, a toy lover's blog and Japanator, our anime site. Likes Nintendo DS, NES, Silent Hill series, Rhythm games, RPGs Meet the rest of the team



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26 comments | showing # 1 to 26
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ran24's Avatar - Comment posted on 05/22/2009 14:45
ran24
I know everyone says this, but damn Squenix, just take the internets advice and remake or sequel FFVII and you'll get mad $$$.

Or make a sequel to Trigger. And stop being a dicks about that homebrew semi-sequel.
Tubatic's Avatar - Comment posted on 05/22/2009 14:50
Tubatic
that is a pretty lady in the header pic
Monodi's Avatar - Comment posted on 05/22/2009 14:51
Monodi
I want them to release 4 games with Cloud in it in one year just to see if the obsessive fans are that much into that trap.
SephirothX's Avatar - Comment posted on 05/22/2009 14:54
SephirothX
I agree with ran24

Remake FF7 and make a true sequel to Chrono Trigger and you'll be set financially until the PS4 comes out.
tigerfangred91's Avatar - Comment posted on 05/22/2009 14:57
tigerfangred91
As much as I think FFVII is soooooo overhyped, if they did a PS3(lmao, if they put it on 360 also) they'd make so much damn money, they could spend it on whatever they wanted.

I want more original IP's though.
Qraze's Avatar - Comment posted on 05/22/2009 14:57
Qraze
I want them to release 4 games with Cloud in it in one year just to see me buy them.
SedeoInedus's Avatar - Comment posted on 05/22/2009 15:00
SedeoInedus
Can't say it isn't to be expected if they insist on producing myriad DS titles and release such quality as Disgaea on the consoles. Good to see they have also put us back on the release of FFXIII- a little too hard just to add subtitles apparently; it must be easier to re-voice the entire game and give us non-Japanese the joy of poor lip-synching.
Genius's Avatar - Comment posted on 05/22/2009 15:09
Genius
Bring back Einhander, bastards.
EternalDeathSlayer's Avatar - Comment posted on 05/22/2009 15:10
EternalDeathSlayer
Maybe it's because their games kind of suck now.
Monodi's Avatar - Comment posted on 05/22/2009 15:19
Monodi
@Qraze well damn
welkstar's Avatar - Comment posted on 05/22/2009 15:19
welkstar
TRI-ACE :(
Chocobo Knight's Avatar - Comment posted on 05/22/2009 15:23
Chocobo Knight
They've been churning out mostly crap since the merger. Create sucky games, expect lower profits. Damn Squeenix.
Demtor's Avatar - Comment posted on 05/22/2009 15:24
Demtor
Squaresoft is that company I'll always look at, remember the 16-bit days along with the short time after with the original Playstation and think to myself, "WTF happened??"
Tdiddy9182's Avatar - Comment posted on 05/22/2009 15:33
Tdiddy9182
looks like they're going to need to port some more SNES games to the DS. If they've already released it before, release a special edition
Demtor's Avatar - Comment posted on 05/22/2009 15:33
Demtor
Whoops, maybe thats just it... Squaresoft is technically dead. Squeenix is to blame!
Black Nexus's Avatar - Comment posted on 05/22/2009 15:39
Black Nexus
try releasing something on the PS3 ( you know the system half of plant earth was expecting you to support because it was kinda a no brainer) that might help.
Kyousuke Nanbu's Avatar - Comment posted on 05/22/2009 15:47
Kyousuke Nanbu
Stop making crappy games and I'm sure things will turn around.

They shouldn't publish crappy ones either(Star Ocean 4).
Syn's Avatar - Comment posted on 05/22/2009 15:51
Syn
They can't do what we tell them to! That would just be....smart. Giving the people that have your money what they want. How silly.

I might buy 4 games that had Cloud in them. Depending on what they were and how awesome they appeared.
Chronic Logic's Avatar - Comment posted on 05/22/2009 16:47
Chronic Logic
Squaresoft Enix Eidos needs to churn out more FF7 games! More spinoffs! More movies! More toys!
Harris Hatsworth's Avatar - Comment posted on 05/22/2009 17:21
Harris Hatsworth
Once the next cycle of consoles come out they can re-port all of their SNES games again and stay stuck in the 90s for another few years.
Los255's Avatar - Comment posted on 05/22/2009 17:29
Los255
HOW ABOUT ANOTHER GRANDIA?! Grandia Xtreme scarred me for life, twas shit that game.
Chris Carter's Avatar - Comment posted on 05/22/2009 17:43
Chris Carter
I still refuse to call them anything but Square, or Squaresoft. I loved Square so much back in the day, I did a financial report on them for my business courses.

Now, they put out shitty games, and when all else fails; PORT!

Speaking of ports, like everyone said: Square, look, just make the god damned FF7 remake already, and put out ridiculously priced collector's editions for $100. I know for a fact 90% of Dtoid's population would buy it.
azr's Avatar - Comment posted on 05/22/2009 18:37
azr
The bitter Sony-fanboy within me is happy for this turn of events. I don't mind if IU, TLR, and SO:TLH are only average games, I would have bought them if they came on the PS3.
Backspace529's Avatar - Comment posted on 05/22/2009 18:52
Backspace529
They can increase their profits 600%, if they would just get around to that FF7 remake. Fuckers get to work.
rsquad's Avatar - Comment posted on 05/22/2009 18:58
rsquad
gee, coulda made more $ if they woulda released even ONE title on the RPG-starved PS3. what gives?
Rosseh's Avatar - Comment posted on 05/23/2009 05:03
Rosseh
I think they need a sequel to Rad Racer, that'll definitely bring in the bux.

Maybe if they stop releasing the same old shit. Or broken shit. Infinite Undiscovery was a broken Rogue Galaxy. Last Remnant was almost interesting, but broken and the PC Port was craptacular. The other new stuff they bring out is the same tired mechanics with the same tired plot. How many times can you save the world from a super evil man, which starts off as some contrived political plot?
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