Final Fantasy publisher Square Enix has lowered sales forecasts for the first six months to the end of September, due to what it described as a "challenging operating environment."
The company now expects sales of ¥68 billion ($843.7m / £525.1m), down from ¥76 billion ($942.9m / £586.9m), and profit of ¥1.7 billion ($21m / £13.1m), lowered from ¥2.4 billion ($29.7m / £18.5m) in previous forecasts.
Operating income is expected to be up from ¥4 billion ($49.6m / £30.8m) to ¥5.7 billion ($70.7 / £44m) off the back of catalogue sales and a strong performance in the company's publishing business.
Foreign exchange losses and a loss on sale of property and equipment was also blamed for the lowered forecasts.
Yesterday, Square Enix confirmed it would be laying off a number of staff at Kane & Lynch developer IO Interactive."