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Square Enix sales and profits on the up

Square Enix sales and profits on the up

February 4, 2016 | By Chris Kerr

Both sales and profits are up at Square Enix, which posted its financial results for the nine month period ending December 31, 2015, earlier today. 

Looking at the company as a whole, net sales were up to 152.8 billion yen ($1.3 billion), a year-over-year increase of 28.5 percent, while profits were up by 24 percent on the previous year, hitting 13.5 billion yen ($115.7 million) by the end of 2015. 

Focusing on the company’s digital entertainment wing, Square says the “solid starts” made by Rise of the Tomb Raider and Just Cause 3 helped that segment earn 110.1 billion yen ($855.9 million) in net sales and operating income over the past nine months, a year-over-year rise of 46 percent.

Outside of its console releases, Square says its smart device and browser-based games continue to put in “strong performances”, with the company also earmarking MMOs such as Final Fantasy XIV and Dragon Quest X as consistent earners. 

The publisher is currently forecasting net sales of 200 - 220 billion yen ($1.7 - 1.9 million) and profits of 11 - 18 billion yen ($94 - 153 million) for the end of this financial year.  

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