Square Back in the Black

Square has reported better than expected financial data for the current fiscal year ending on March 31st. While earlier projections estimated a consolidated net profit of 4.8 billion yen (39.85 million USD), the company now expects to post a profit of 11.5 billion yen (95.47 million USD) this year, compared to a loss of 16.6 billion yen (137.81 million USD) during the previous term. Consolidated sales are up by 4% and will reach 38 billion yen (315.46 million USD). Square cited the success of its line-up, in particular, Final Fantasy X-2 in Japan and Kingdom Hearts in North America as reasons for this strong financial showing following two years of red numbers. Kingdom Hearts easily exceeded earlier projections by selling 1.5 million units in North America alone.

Furthermore, Square president and CEO Yoichi Wada confirmed that Final Fantasy X-2 will be released on this side of the Pacific sometime this year. Regarding Final Fantasy XI, Wada mentioned that a North American trial period for Square's first MMORPG will commence within the next month or two.

03.20.03 - 1:06 PM
Chris Winkler

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