Gaming is in its golden age, and big and small players alike are maneuvering like kings and queens in A Game of Thrones. Register now for our GamesBeat 2015
event, Oct. 12-Oct.13, where we'll explore strategies in the new world of gaming.
Japan’s Square Enix, best known as the publisher and developer of the Final Fantasy video game series, reported that it slipped into a loss for the three-month period ending June 30.
The Tokyo-based company said today that it lost $26.3 million in the first fiscal quarter, compared with a profit of $8.8 million a year ago. Sales for the quarter were ¥24.914 billion, or $317.2 million, up 1.6 percent from $312.3 million a year earlier. Sales from the quarter came from Doragon Kuesuto Monsutāzu Terī no Wandārando (Dragon Quest Monsters: Terry’s Wonderland 3D) on the Nintendo 3DS system. Sengoku IXA and Final Fantasy Brigade also contributed to sales of games on PC and smartphones.
The losses show that few companies — even one of the biggest in Japan — are immune to the cyclical downturn hitting the core video game business. While it’s a small loss, Square Enix says it is actively making investments in a sizable pipeline of new titles in development.
For the full fiscal year ending March 31, 2013, Square Enix is forecasting sales of $2.1 billion, up 29 percent from $1.63 billion a year earlier. Net income is expected to be $114 million, compared with $77 million a year earlier. The budget outlooks are unchanged from a prediction made on May 14.