Square Enix Blames Weak Year On Console Games

Published 4 years ago by

Square Enix Profits Fall

At the end of the day, Square Enix will always be considered one of the top gaming developers active today. The Final Fantasy franchise alone is enough to warrant their notability. Having said that, they haven’t had the best year due to several poor releases and problems with Final Fantasy XIV. In discussing their financial results for the last fiscal year, Square Enix admits to the problems they’ve faced, leading to their net losses.

Square Enix lost 12 billion yen during the fiscal year (which ended March 31 2011), which roughly equals 148 million US dollars. Their sales dropped 35% from 2010, which they have attributed to a number of problems. The earthquake and subsequent tsunami in Japan were brought up, along with a few companies Square Enix acquired that aren’t worth as much as they once were.

However, the key factors in the drop were weak console games and constant delays in billing for Final Fantasy XIV. Considering their top two titles of the year were Kane and Lynch 2: Dog Days and Dragon Quest Monsters: Joker 2, it’s safe to say that their console creations were pretty weak.

Final Fantasy XIV still has most of the problems that were present at its launch back in September, which were so severe that Square Enix waived the subscription fee until it’s working properly. There’s hope that they can recover from this setback in due time, but whether or not anyone will still be interested remains to be seen. Considering it’s been over half a year since the game’s launch, that doesn’t seem very likely.

Still, things may be looking up for them in the coming year. A number of big name titles will be released before the next fiscal year is over, most prominent among these being Deus Ex: Human Revolution. A hotly anticipated title like that could easily help Square Enix out of their slump. There’s also their reboot of the Tomb Raider franchise, along with Hitman: Absolution, Final Fantasy XIII-2, and Dragon Quest X.

Can Square Enix pull out of this slump in the coming year? Will you still be interested in Final Fantasy XIV when it’s working?

Leave any thoughts you may have in the comments below.

Source: Eurogamer

TAGS: Deus Ex Human Revolution, Dragon Quest, Eidos, Final Fantasy 13-2, Final Fantasy 14, Square Enix

  • maru

    for better or for worse, as a true ff fan i definitely gonna buy it ^^

  • !_!

    FIRE IWADA…that is all

  • agimassardi

    Just make a HD remake of some old FF games then I’m pretty sure they will be on top again.

  • tankD

    nah release ff Vs13 on xbox and ps3 and sells will go up forsure. hell id buy it. i rented ff13 and just didnt finish it because of the generic gameplay and totally uninteresting characters. hope they relese vs13 on xbox cause that one seems to be waay better

  • Jim

    Rumor Vincent Martella is back as HOPE!

  • Right

    totally uninteresting characters? right OK I’ll leave it at that. As far as ffxiv going downhill Enix finally got what they deserved. I had waited for that game since I first heard about it… and when it came out it was in such a bad shape I could not believe my eyes, I still cant believe how they managed to pass it to release. But even though the game was in a really bad shape I did truly enjoy it and would still go back to playing it as long as they stop being such boneheads and remove that POS failure of a system called Fatigue. One of the main reasons the morons lost 30% of the people before the game was even in the second month of its release.I have been a FF fan since well since the first game came out. Hopefully Enix will think long and hard from here on out before releasing another game thinking hey these people will buy everything we throw at em if it has FF tittle on it.