Square Enix Reports Record-High Net Sales For Fiscal Year 2017
posted on by Jennifer Sherman
Square Enix Holdings released its consolidated financial results on Thursday for the fiscal year 2017, which ended on March 31. The company reported record-high net sales, operating income, and ordinary income.
The company reported 256,824 million yen (about US$2.26 billion) in net sales, a 20.0% increase from the previous fiscal year. The company's operating income was 31,295 million yen (US$276 million), a 20.3% increase from the previous fiscal year. The company's ordinary income was 31,128 million yen (US$274 million), a 22.9% increase from the previous fiscal year.
Net sales in the company's digital entertainment segment totaled 199,016 million yen (US$1.76 billion), and operating income in the segment totaled 33,310 million yen (US$294 million) for increases of 25.2% and 21.3% from the previous fiscal year, respectively. The report noted that "Major launches of blockbuster titles such as Final Fantasy XV boosted revenue significantly" in digital entertainment. The game's director Hajime Tabata said in February that the game's earnings broke event with development costs on "day one." As of January 10, the game had sold more than 6 million copies worldwide.
The report also stated that net sales and operating income for content for platforms such as smartphones and PC increased significantly. The company cited the performance of smartphone games such as Final Fantasy Brave Exvius, Hoshi no Dragon Quest, and Dragon Quest Monsters Super Light as contributing to the increase.
In addition, the company announced that it withdrew from its subsidiary IO Interactive A/S, a Danish game developer known for the Hitman series, as of March 31. Square Enix Holdings is negotiating with potential investors to sell the subsidiary.