Enix Shares Tumble in Tokyo

At the end of today's trading session on the Tokyo Stock Exchange, Enix shares were down 8% at 2,365 yen (19.64 USD). The parent company's pretax profit for the first half of the current fiscal year is at 1.46 billion yen (12.13 million USD), a decline of 89% compared to the first half of the previous year.The major reason behind the sharp drop in share value is the lack of successful game titles. With cost-cutting having little impact, a significant drop in profit margin (36.4% compared to last year's 64.6%) is expected.

With Enix's two major titles, Star Ocean 3: Till the End of Time for Sony's PlayStation 2 and Dragon Quest VIII, to be released only in the next fiscal year, the situation is unlikely to improve for one of Japan's major 3rd party publishers.

11.12.01 - 11:31 AM
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