Square Enix Reports Financial Results
11.20.07 - 3:57 PM
Square Enix today released its financial results for the first half of the current fiscal year. Compared to the previous fiscal year, sales were down by 4.9% to 72.27 billion yen ($654.17 million USD). Net profit for the same period meanwhile rose by 32.5% to reach 4.4 billion yen ($39.83 million USD).
During the six month period from April 1st through September 30th, Square Enix's biggest hit was Crisis Core: Final Fantasy VII. Despite hitting Japanese retail store shelves only on September 14th, the fourth installment of the Compilation of Final Fantasy VII managed to sell 710,000 copies until September 30th. Final Fantasy XII Revenant Wings (530,000 copies), the Wii debut title Dragon Quest Sword (490,000 copies), Final Fantasy Crystal Chronicles Ring of Fates (360,000 copies), and the PlayStation Portable release of Final Fantasy Tactics (320,000 copies) also contributed to a sales performance of 3.94 million copies in Japan. With the lack of any major releases, Square Enix's American and European divisions only sold 1.32 million and 1.61 million copies, respectively. In the US, the PlayStation Portable version of Final Fantasy was the only title to sell more than 100,000 copies, while the DS version of Final Fantasy III (450,000 copies) and Valkyrie Profile 2: Silmeria (170,000 copies) were the most successful titles in Europe.
For the full fiscal year ending on March 31st 2008, Square Enix expects to sell 13.5 million copies of software (down from 16.93 million last year). Furthermore, sales are projected to reach 162.5 billion yen ($1.47 billion USD) and net profit 12 billion yen ($108.62 million USD).