Report Comment to a Moderator Our Moderators review all comments for abusive and offensive language, and ensure comments are from Verified Users only.
Please report a comment only if you feel it requires our urgent attention.
I understand, report it. Cancel

Square Enix returns to profitability in FY2012

By Matthew Handrahan

Square Enix returns to profitability in FY2012

Mon 14 May 2012 7:26am GMT / 3:26am EDT / 12:26am PDT

Japanese publisher contemplating mergers and acquisitions to continue growth

Square Enix returned to profitability in financial year 2012, and is contemplating mergers and acquisitions to sustain that momentum.

For the year ending March 31 2012, Square Enix posted revenues of 127.9 billion ($1.6b/993m/€1.23b), and increase of 2.1 per cent over the prior year. Net profits were 6.1 billion ($76m/47m/€59m), a marked improvement on the previous year's loss of 12 billion.

While Square Enix's business covers a number of areas - including amusements, publishing and merchandising - the turnaround was largely due to the Digital Entertainment division.

Key performers like Final Fantasy XIII-2, Deus Ex: Human Revolution and the Mobage simulation game Sengoku Ixa - which now has 2 million registered users - spurred the division to revenues of 71.9 billion, up 11.9 per cent year-on-year, and operating profit of 12.6 billion, up 11.7 per cent.

The financial report acknowledges that the return to sustained profitability is one of the company's key objectives for the future, and it has "internal reserves" for investments that can "enhance the value" of the company.

This could include "capital investments and M&A for the purpose of expanding existing business and developing new businesses." Such deals would be a part of a broader strategy to meet the demands of an increasingly digital, networked, multi-device market.

From Recommendations by Taboola


Murray Lorden Game Designer & Developer, MUZBOZ

213 77 0.4
Let's hope that means a fat healthy Thief 4 delivered into my loving arms, soon! :)

Posted:4 years ago


Tony Johns

520 12 0.0
I kinda liked Final Fantasy XIII-2. If only they could make Final Fantasy XIII-3 and Verses XIII so we could eventually get a full ending as well as the side story of that Final Fantasy XIII universe.

Posted:4 years ago


Login or register to post

Take part in the GamesIndustry community

Register now