How's Square Enix Doing? Here Are the Key Takeaways From Financial Report
Square Enix posts year-over-year growth, as Final Fantasy XV looms on the horizon.
Japanese publisher Square Enix today reported earnings for its recently concluded fiscal year (April 1, 2015-March 31, 2016). The results were strong, with Rise of the Tomb Raider and Just Cause 3 specifically called out as top performers in the console category.
In terms of money, Square Enix pulled in ¥214 billion, which is up 27.5 percent from ¥167 billion during the same period last year. Profit was also on the rise, coming in at ¥19.8 billion, which represented a 102.3 percent increase year-over-year.
Square Enix's Digital Entertainment unit, the company's video game division, also saw its revenue increase compared to last year. Total net sales wee ¥158 billion, up 42 percent compared to last year. Additionally, profit was ¥27.4 billion, an increase of 58.9 percent year-over-year.
As mentioned, Rise of the Tomb Raider and Just Cause 3 each enjoyed a "solid start," Square Enix said, though it did not share any specific unit sales. Smartphone games like Mobius Final Fantasy, Hoshi No Dragon Quest, Final Fantasy Brave Exvius, and Grimms Notes also had "successful launches."
As part of the earnings report, Square Enix also released a slide that lists off its "major" games coming during the current fiscal year. Some of these include Final Fantasy XV (September 30), Deus Ex: Mankind Divided (August 23), and Rise of the Tomb Raider for PS4 (holiday 2016).
Check out the slide below to see more.
For more on the health of other video game companies, check out summaries of recent reports below. Check back soon for more, as Ubisoft will announce its latest earnings later today.
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