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Square-Enix Reports 5.7-Billion-Yen Loss in April-December
posted on by Joanne Mertz
As major video game companies announced their finances for the April-December 2012 period, Square Enix Holdings was the only one to report a loss of 5.7 billion yen ($61 million). In its Tuesday announcement, the company cited less profit in main console games as well as arcade machines due to unfavorable market conditions. It reported an operating income loss of 4.8 billion yen ($52 million) and an ordinary income loss of 4.2 billion yen ($45 million). This is the first time the company has dropped into the red since it was launched in 2003.
In light of the deficit, Square Enix still expects net sales of 150 billion yen (D$1.6 billion), and a total net profit of 3.5 billion yen (USD$37.6 million) in March 2013. The company also commented that Dragon Quest X: Mezameshi Itsutsu no Shuzoku Online (Dragon Quest X: Rise of the Five Tribes Online), which games, even if they are not the biggest earners on the market.
