Square Enix Release First Quarter Financial Results
07.29.04 - 12:51 PM

Square Enix has released its financial results for the first quarter of the current fiscal year. Sales were up 47.50% compared to the first three months of the previous fiscal year, reaching 12.04 billion yen ($107.82 million US). The company also posted a significantly higher net profit of 1.83 billion yen ($16.39 million US). For the first half of the fiscal year 2004/2005, Square Enix projects a net profit of 2 billion yen ($17.91 million US) on sales of 24.2 billion yen ($216.71 million US). As far as the outlook for the full fiscal year is concerned, estimates of 76 billion yen ($680.58 million US) in sales and a net profit of 11.5 billion yen ($102.98 million US) have been revealed. The report, released today also made specific mention of three positive transitions within the company's product portfolio: Production and sales of Dragon Quest V: Tenguu no Hanayome for PlayStation 2 will be continued amid the title's continuing popularity in Japan. The popularity of the PlayStation 2 and PC MMORPG Final Fantasy XI also shows no sign of slowing down. Furthermore, the publishing division's manga and game strategy guide business is doing well.

Chris Winkler

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