The Future Looks Bright(er) Again For Square

Square has revised its earnings forecast for the current fiscal year, which is due to end on March 31st 2002. According to the company, profit will rise to 8 billion yen ($64,695,753 USD), up from an originally estimated 5 billion yen ($40,437,182 USD), as a result of the highly successful tenth installment of the Final Fantasy series for PlayStation 2 as well as the sale of 9% of the shares Square holds in DigiCube.

After the move Square will still hold a commanding 38.38% of stock in the Japanese retail chain. These moves, or to be more precise their results, are sure to please both fans worried about Square's future as well as disappointed shareholders who were angry about red numbers, a 2 billion yen ($16,175,097 USD) loss, in the last fiscal year, which marked the first non-profit year in the company's history.

08.03.01 - 2:14 PM
Professor Gast

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