Square Enix suffered in bleak 2010 market

Posted Aug 5, 2011 at 5:17PM EST by Harrison E

Listed in: PSP Tags: deus ex human revolution, Final Fantasy, gfc, japanese gdc, Square Enix

deus-ex-human-revolution

I'm sure more than a few of us have played a Square Enix game. Whether it was over a decade ago with the nostalgia oozing Final Fantasy 7 or one of the more recent classics such as The World Ends With You, however the recent financial crisis and a few other new factors in video gaming have put the gaming company in an uncertain future.

For the last financial year, ending June 2011, the company made just over 24 thousand Yen, or 312.4 million US, this however was down from last year's profit of over 32 thousand. With over a 6 thousand or a few million lost in the process, some analysts are trying to see where it all went.

In the digital distribution side of the company, the revenue was down significantly with almost 30% disappearing. Japan has a fairly strong internet-based culture, so whether or not it was the game company or their content is still being looked at.

Yoichi Wada, CEO for Square Enix's Japanese division, said that "in a quarter without any major title releases, our group's sales and profit were lower compared to [last year]". The release schedule for the next 8 months for Squenix are quite interesting and busy, so let's hope they will pick up the pace with some new platforms and new games.

I'm wondering how iPad's sell over there. I'm aware of the very anti-XBox culture the country has, even though there is a large amount of RPG's on the system...of course, that's just me being playfully racist.

Via [GameIndustry]

0% of voters think this story ROCKS!

Vote Now!

(0)

(1)

Newest Downloads

05/21/2012 - 05/26/2012

WiiMC v1.2.7	05/25/2012
True Blue Firmeware v2.7	05/24/2012
3DS Video Converter v2.3	05/24/2012
Mobile Assault 1.8.2	05/24/2012
PSP Tools Alpha 0.1	05/22/2012
Newton War	05/22/2012
DaedalusX64 r766	05/22/2012
PSPMarble	05/22/2012
The Undead 4 - Nazi Zombies	05/21/2012
3DSExplorer v1.2.1	05/21/2012
J-Runner v0.2 Beta 275	05/19/2012
Priiloader 0.8 Beta 3	05/19/2012
Quake Rev PAK release 4	05/19/2012
ModMii v6.1.3	05/18/2012
Glitch360Key Updater 1.0.4.37	05/18/2012

Most Comments this Month
Sound Off: Toughest Game C..	(20)
PoV: Paid MMOs are Dead	(14)
PoV: This Collectors Editi..	(14)
PoV: You Are Wrong about C..	(12)
Sound Off: Feel Like Cyber..	(8)
POV: Take Off Your Rose-Co..	(8)
POV: Damn You, Cheap Build..	(7)
POV: To Teabag or Not to T..	(3)
POV: Team Up in Multiplaye..	(2)
PoV: Is SWTOR a WoW-Killer..	(1)
Sound Off: Is Hacking a Fo..	(1)
Sound Off: Do Reviews Matt..	(1)
Sound Off: Marketing in Ex..	(1)
PoV: How much will the Wii..	(1)

Top Jumps this Month
Sound Off: Should Ap..	(24)
POV: Take Off Your R..	(6)
POV: To Teabag or No..	(5)
Sound Off: Marketing..	(5)
PoV: This Collectors..	(5)
PoV: Paid MMOs are D..	(3)
POV: Damn You, Cheap..	(3)
Sound Off: Toughest..	(2)
PoV: There are way t..	(1)
PoV: You Are Wrong a..	(1)
PoV: Dead franchises..	(1)
PoV: Should Steam al..	(1)
POV: Team Up in Mult..	(1)
PoV: Finally, PC ver..	(1)
PoV: What are the be..	(1)
Sound Off: Feel Like..	(1)

Quick Jump Daily Digest

Square Enix suffered in bleak 2010 market

Related Stories:

Comments