Square Enix announced today its financial earnings for the nine-month period ended on December 31, 2011. Net sales for the publisher came to ¥95.7 billion ($1.25 billion), down 2.5 percent versus the nine-month period ended on December 31, 2010. Net income, however, saw a 175 percent jump this year, rising to ¥5 billion ($65.5 million).
The Digital Entertainment division, housing the publisher’s consumer software operations, had net sales of ¥53.7 billion ($701.5 million) and an operating income of ¥12.4 billion ($162.7 million), both up from the previous year. The successful launches of Deus Ex: Human Revolution and Final Fantasy XIII-2 led to “favorable results” for Square Enix.
"During the nine-month period ended December 31, 2011 (April - December), the Group's results included increased sales of console games boosted by our major titles, Deus Ex: Human Revolution (Europe, North America and Japan) and Final Fantasy XIII-2 (Japan), as well as continued expansion in fee-based service revenues from growth areas including content for the web, smartphones and social networking services,” said Square Enix president Yoichi Wada.
Heading into the end of the fiscal year on March 31, 2012, Square Enix has four key titles planned for release: Final Fantasy XIII-2 (NA/Europe release) for PS3/360, Theatrhythm Final Fantasy for 3DS, Army Corps of Hell for Vita, and Kingdom Hearts: Dream Drop Distance for 3DS.
The company’s forecast for the full fiscal year remains unchanged, with an expected net revenue of ¥130 billion ($1.7 billion) and a net income of ¥5 billion ($65.3 million).
"In the current fourth quarter (January - March 2012), despite the release of Final Fantasy XIII-2 in Europe and North America, expected costs including up-front expenditures in content development for growth areas during the period cause us to keep forecasts for the fiscal year unchanged,” added Wada.
"As I stated at the start of the fiscal year, we are focusing all efforts on rebuilding the Group businesses toward generating a substantial earnings recovery from the fiscal year ending March 31, 2013 and beyond."
