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Kingdom Hearts II, FFXII propel Square profits

By Tim Surette, GameSpotPosted May 24, 2006 3:40 pm PT

Publisher's earnings for its 2005 fiscal year jump 14 percent to 17.1 billion yen ($151 million) from last year's 14.9 billion yen ($132 million).

Last week, Square Enix took a look at its financial numbers and decided some readjusting was in order. However, the company didn't mind as the new numbers were well into the black. On April 18, the company expected to take in 10 billion yen ($88.5 million), but on March 17 tweaked the number considerably to 17 billion yen ($150.5 million)--a change of 70 percent.

It looks like its adjustments were almost right on. Today, the company released its earning for its 2005 fiscal year, which ended March 31, 2006. Square Enix added 17.1 billion yen ($151.2 million) to its account, up from FY2004's 14.9 billion yen ($132 million).

Total sales reached 124.5 billion yen ($1.1 billion), up 68.5 percent from the previous year's 73.9 billion yen ($654.4 million)--which was itself a 17 percent jump over the previous year. Between this year and last, the increased profit was a 14.4 percent increase, down from the 35.8 percent jump between FY04 and FY05, despite 2005's considerable leap in sales.

Notable titles for the year include the Japanese releases of Final Fantasy XII, Final Fantasy: Advent Children, and Kingdom Hearts II in Japan, as well as Dragon Quest VIII and Kingdom Hearts II in North America.

For the upcoming fiscal year, ending March 31, 2007, Square Enix predicts a slower year. The company expects net sales to hit 53 million yen ($470 million) and net income to be roughly 5.5 million yen ($48.8 million).

80 Comments

  • Sh4kal

    Posted Sep 20, 2006 7:14 am PT

    NICE!!!

  • harrykotiej

    Posted Jun 2, 2006 6:52 am PT

    Ok 5

  • wolfofthepack

    Posted May 31, 2006 12:58 pm PT

    thats how its done keep it up square althought prediction might be wrong for this year

  • harrykotiej

    Posted May 31, 2006 8:45 am PT

    Well... be happy, but !i! am worried a lot! I don't even know when Kingdom Hearts 2 comes out in Europe + in the Netherlands!!!

    P.S.

    What means TBA (EU)?????

    Please tell me, because i am gonna to be attracted to the end movie of KINGDOM HEARTS 2!!!!!!

  • CloudStrife57

    Posted May 31, 2006 8:15 am PT

    Square is definately on the up...

  • GeeverTidus

    Posted May 30, 2006 8:24 am PT

    WoW!!! Go SquareEniX!!! Here in AsiA they are the #1 game publisher.... they absolutely own asians bcoz we love RPGs=PlaYStatiOn!!! FinalFantasy and KH will keep rocking our v-game WorLd.....PS3 + Squarenix = Great GAMES unlike its counterpart xbox360+bungie=duh?!*** asians dont like crappy FPS games...thats why PS3 will outsold or even dig a graveyard for xbox360*** here in AsiA.

    Keep RoCking our Worl SquaReEniX!!!! Go PS3!!!

  • GeeverTidus

    Posted May 30, 2006 8:22 am PT

    WoW!!! Go SquareEniX!!! Here in AsiA they are the #1 game publisher.... they absolutely own asians bcoz we love RPGs=PlaYStatiOn!!! FinalFantasy and KH will keep rocking our v-game WorLd.....PS3 + Squarenix = Great GAMES unlike its counterpart xbox360+bungie=duh?!*** asians dont like crappy FPS games...thats why PS3 will outsold or even dig a graveyard for xbox360*** here in AsiA.

    Keep RoCking our Worl SquaReEniX!!!! Go PS3!!!

  • Worsley_ngw

    Posted May 30, 2006 1:45 am PT

    Who can believe square came up from being a low class game maker to the giant it is today that is what you call from rags to riches. Slower year pah no way I will buy almost anything from square mainly because of my loyalty I am a total square fan boy expect great things to come from this.

  • Worsley_ngw

    Posted May 30, 2006 1:45 am PT

    Who can believe square came up from being a low class game maker to the giant it is today that is what you call from rags to riches. Slower year pah no way I will buy almost anything from square mainly because of my loyalty I am a total square fan boy expect great things to come from this.

  • EvanO_O

    Posted May 29, 2006 6:41 pm PT

    Advent Children didn't sell well in America?

    Regardless, KHII is selling like hotcakes. Who knew the first one would garner so much attention leading the sequel to be selling loads.

  • skye07

    Posted May 28, 2006 4:53 pm PT

    Well as they get richer I wouldn't mind see FFXI monthly fee go down from $12 to $7 or so as my cheapass friends don't wanna pay $12 for this awesome game >.

  • nobeaner

    Posted May 28, 2006 1:10 pm PT

    Quote: "For the upcoming fiscal year, ending March 31, 2007, Square Enix predicts a slower year. The company expects net sales to hit 53 million yen ($470 million) and net income to be roughly 5.5 million yen ($48.8 million)."

    Shouldn't that say 53 "billion" yen and 5.5 "billion" yen?

  • Optimusv2

    Posted May 27, 2006 5:05 pm PT

    Square Enix will announce 2 fabula nova crystallis spin offs exclusively for the 360 at TGS.

  • Optimusv2

    Posted May 27, 2006 5:02 pm PT

    Square Enix will announce 2 fabula nova crystallis spin offs exclusively for the 360 at TGS

  • Fraquelli

    Posted May 27, 2006 10:00 am PT

    I wouldnt expect any less.
    they've always had this success since the original FF.
    other video game companies should learn from SE!!!
    GOOOOOO SQUARE!!!!!

  • hiro-mog

    Posted May 26, 2006 3:25 pm PT

    well that does it if they say they're gonna fall to that amount next fiscal year doubt if the decide to speed up production on FFXIII for the ps3 that they will double that amount!

  • lee-ham

    Posted May 26, 2006 12:59 pm PT

    to think that before F.F games Sqare was almost a bankruped company. Now it makes millions with these games!

  • lageasy311

    Posted May 26, 2006 12:56 pm PT

    and to think that this all started because square-soft was going out of business and had just ONE more title to make before they went under.....which is why they called it their "Final fantasy". The rest is history

  • EternalDark12

    Posted May 26, 2006 12:22 pm PT

    with all the ff games that are coming out gor...well nearly ALL systems there's absolutely NO chance for square to get slower and i'm hoping they''ll still be bringing out more games so it never gets slow!!

  • Disgaeamad

    Posted May 26, 2006 5:42 am PT

    Predictable, those 2 games are popular. When Final Fantasy XII hits American shores though, I think we can all expect a lot of great sales and a very nice profit.

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