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Square Enix returns to profitability in FY2012

Square Enix returns to profitability in FY2012

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

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.

2 Comments

Murray Lorden
Game Designer & Developer

199 71 0.4
Let's hope that means a fat healthy Thief 4 delivered into my loving arms, soon! :)

Posted:A year ago

#1

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:A year ago

#2

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