Square Enix has announced its financial earnings results for the first fiscal quarter ended on June 30, 2011. The company reported a total take of ¥24.5 billion ($314.9 million) for the quarter, down 25 percent compared to ¥32.5 billion ($417.8 million). Profits took a 62 percent tumble year-over-year, down to ¥690 million ($8.8 million) from ¥1.8 billion ($23.1 million) in Q1 2010.
The publisher released no major titles during the quarter, but did see “robust growth” in its online sim title Sengoku Ixa and its online community site Nicotto Town.
"In a quarter without major title releases, our Group's sales and profit were lower compared to the previous fiscal year,” said Square Enix President Yoichi Wada. "At the same time, however, we are making solid progress toward our targets for the full fiscal year ending March 2012."
"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."
Heading into the rest of the fiscal year, the publisher expects total revenues of ¥130 billion ($1.67 billion) for the period ending on March 31, 2012. Square Enix is forecasting a net income of ¥5 billion ($64.3 million) for the fiscal year as well. Key titles for the fiscal year include Deus Ex: Human Revolution, Final Fantasy XIII-2, Dragon Quest 25th Anniversary Edition, and Final Fantasy Type-0.
