Square Enix Financials Cast Final Fantasy 14 as Saviour: Returned to profit at last.
Square Enix has managed to return to profit, thanks largely to the strong performance of Final Fantasy XIV: A Realm Reborn.
The company has just released its financial report for the nine month period ending December 31, 2013, which reveals a rather impressive turnaround.
Compared with the period last year, whilst sales remained flat at 102.5bn yen this year compared to 102.8 bn yen last year,
net income shifted drastically from a loss of 5.7bn yen in 2012 to a profit of 5.2bn yen in 2013. Operating income also moved from a loss of 4.9bn yen to a profit of 7.8bn yen. It paints a pretty stark contrast with the company's "extraordinary loss" from last year, and
Square Enix is now predicting profits of up to 6bn yen by the end of financial year on March 31, 2014.
In terms of who to thank for this change in fortune, Square Enix suggests it's the relaunched MMO Final Fantasy XIV, which topped 1.5 million registered accounts upon its relaunch last year, better than the company expected.
...
Square Enix looked to be in trouble earlier this year following poor financials and a leadership review, though it seems the company could be on the verge of turning things around. With new Sleeping Dogs and Deus Ex games on the way, along with the upcoming Thief, Final Fantasy XV, Kingdom Hearts III and a new next-gen Hitman, Square could be set to start the next financial year feeling much more positive than it was at the start of this one.