News Square Enix Projects Higher Sales, Income This Year
posted on 2012-05-15 11:23 EDT
The previous fiscal year for Square Enix ended on a high note on March 31, with the Japanese software company reporting a return to profitability in part due to hit console games such as Final Fantasy XIII-2 and Deus Ex. The company reported net sales of 127.9 billion yen (about US$1.6 billion), operating income of 10.7 billion yen (US$133 million), and net income of 6.1 billion yen (US$76 million).
Square Enix expects a 29% increase in sales to 165 billion yen (US$2.06 billion) for the fiscal year ending on March 31, 2012. Similarly, it projects increases of 40% or higher in operating income and net income to 15.0 billion yen (US$187 million) and 9.0 billion yen (US$110 million), respectively.
Despite the expected release of several popular titles such as Dragon Quest X and Dragon Quest Monsters Terry's Wonderland 3D, Square Enix expects a decline in its Japanese sales to 3.9 million units. The company, however, predicts that stronger North American (7.6 million) and European (7.3 million) sales will lift worldwide sales higher to 18.8 million units.
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