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Square Enix Closes Out Fiscal Year 2015 With Significant Increase In Income
Square Enix appears to be headed in the right direction, with the most recent fiscal year a positive one. The company has reported its earnings for the period ending March 31, 2015, with gains in sales, operating income, and net income.
Revenues jumped 8.3 percent compared to last year, as the company brought in ¥167.9 billion ($1.4 billion). Operating income increased by 55.8 percent to ¥16.4 billion ($136.8 million) and profits climbed by 49 percent to ¥9.8 billion ($81.7 million).
The company is forecasting gains across the board for the current year, with major titles on the horizon. The company lists Rise of the Tomb Raider for Xbox One and Just Cause 3 for current-gen and PC, both for this holiday.
Deus Ex: Mankind Divided, Dragon Quest Heroes II for all three PlayStation systems (Japan), and Star Ocean: Integrity and Faithlessness for PlayStation 4 and PlayStation 3 (Japan) are also included “TBA.” Square Enix is also reporting significant gains in its mobile and PC browser segment.
In two years, the company has grown that division from ¥6 billion ($50 million) revenue to approximately ¥16 billion ($133.4 million). The latest global release, Final Fantasy Record Keeper, is a partnership with DeNA (Nintendo’s new teammate for mobile releases).
Square Enix also has a thriving arcade segment. This fall, the company is launching a stand-up cabinet version of Dissidia: Final Fantasy (originally a pair of PSP titles).
Square Enix will be hosting its own E3 press conference on Tuesday, June 16. While we understand that we won’t see new Final Fantasy XV content there, with Kingdom Hearts 3 and potential localization news, there are likely to be some surprises.
[Source: Square Enix (1), (2)]
Our Take
Square Enix has been steadily improving its financial position over the past couple of years, and building back consumer confidence. Final Fantasy XIV: A Realm Reborn was an ambitious and costly effort that paid off. Final Fantasy XV seems to have won over fans thanks to the Episode Duscae demo. And the western studios working on Deus Ex, Tomb Raider, and Just Cause all seem to be on the right track.
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