Ahead of its annual sales report next week, Square Enix announced today that it has raised its financial targets, thanks in part to "favorable" sales of the Tomb Raider: Definitive Edition for Xbox One and PlayStation 4.
The company previously expected to net ¥3.5 billion ($34.4 million) in profit for the year, but now it forecasts net income to come in at a much healthier ¥6.6 billion ($64.8 million). Square Enix also raised overall sales expectations from ¥140 billion - ¥150 billion ($1.4 billion - $1.47 billion) to ¥155 billion ($1.5 billion).
What's giving Square Enix confidence that it will perform substantially better than expected? The company said Final Fantasy XIV: A Realm Reborn sales were "strong," while smartphone game Dragon Quest Monsters Super Light made an "encouraging start."
On top of that, Square Enix pointed out that Final Fantasy X/X-2 HD Remaster and the Tomb Raider: Definitive Edition each recorded "favorable sales." In addition, the publisher said it enacted "cost reduction efforts" across the entire company. Finally, Square Enix said its improved sales and profit forecast is attributable to foreign exchange gains from the weaker yen.
|Eddie Makuch is a news editor at GameSpot, and you can follow him on Twitter @EddieMakuch|
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