Japanese video game publisher Square Enix has announced that it has brought in revenue of 34.5 billion Yen during the first fiscal quarter of this year, which ended on June 30, a figures that is about one quarter smaller than the one posted for the same period of 2010.
The company also reported a profit of 690 million Yen, which is the equivalent of 8.8 million dollars, a considerable drop of 62 percent when compared to the similar quarter of last year.
Square Enix is not too worried about the results, saying that they have come during a three month period when it had no big game releases.
Yoichi Wada, who is the president of Square Enix, stated “In a quarter without major title releases, our Group's sales and profit were lower compared to the previous fiscal year. At the same time, however, we are making solid progress toward our targets for the full fiscal year ending March 2012.”
He added, “As we stated at the start of the year, we are focusing all efforts on rebuilding the Group businesses during the current fiscal year toward generating a substantial earnings recovery from the fiscal year ending March 31, 2013 and beyond.”
The bright spots for Square Enix were growth in the PC and smartphone markets, mainly driven by the online sim game Sengoku Ixa and the community site Nicotto Town.
Square Enix still expects to see an increase in its revenue during the full fiscal year, with the target set at 130 billion Yen.
The company is set to launch Deus Ex: Human Revolution during the month of August, a game that will mostly appeal to Western gamers, and is also getting ready to release
Final Fantasy XIII-2 on the Japanese market.
It is also working on the MMO Final Fantasy XIV, which was affected by big problems on launch and is now being rebuilt from the ground up.
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