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Square Enix Sees Revenue, Operating Income Growth During First Half Of Fiscal Year
Square Enix is reporting strong performance at the halfway mark of its current fiscal year. The company shows double digit percentage increases in sales, operating income, and net income with major releases still to come.
Net sales have increased by 18.1 percent to ¥86.4 billion ($708.2 million), with operating income leaping by 47.9 percent to ¥12.6 billion ($103.2 million). Profits are up at the six-month point by 28.4 percent, reaching ¥7.3 billion (60.1 million).
Square Enix is keeping its full-year outlook steady, and will almost undoubtedly end the year in the black. The company expects net income to land between ¥11 billion and ¥18 billion ($90.2 million and $147.6 million).
This range exceeds most recent full-year profits of ¥9.8 billion ($81.7 million). Sales and operating income are also expected to exceed last year’s performance.
Square Enix still has four major titles yet to deliver in the current fiscal year. Just Cause 3, Deus Ex: Mankind Divided, and Hitman are all being published directly by Square Enix. Rise of the Tomb Raider is being published by Microsoft on Xbox One and Xbox 360, but the PC version is slated for “early 2016” (possibly in this fiscal year).
[Source: Square Enix]
Our Take
It was only a couple of years ago that Square Enix performance was slumping. The publisher’s Western studios have been cranking out big releases, giving the East time to get its feet under them with Final Fantasy XV and Kingdom Hearts III. It feels like Square Enix has finally found some much-needed balance.
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