Square Enix Loses $150 Million for the fiscal year

Started 4 years ago by Aya Reiko, currently has 21 posts - latest post is by Sukunai

Tags:
Feed for this topic

12 Next »

Aya Reiko

Sauce: http://www.next-gen.biz/news/square-enix-confirms-huge-losses

Weak game sales and troubled Final Fantasy XIV launch result in ¥12 billion loss for fiscal year.

Square Enix has published its end-of-year fiscal report, confirming yesterday's warnings of a ¥12 billion ($148m/£90.6m) loss for the financial year ending March 31 2011. In addition, the report reveals revenues are down 34.8 per cent.

The publisher ended its financial year with net sales of ¥125.27 billion ($1.56bn/€1.09bn). Operating income was down 74.1 per cent, at ¥7.33 billion ($91.0m/€63.7m), while recurring income also took a significant hit, falling 80.6 per cent to ¥5.4 billion (£41.2m / $67m).

I can only hope the miserable Wada era will come to an end soon. It won't, but I can still hope.

Edit- On a related note, their stock, unsurprisingly, went down to just above the 1300 Yen mark, a far cry from the 3500 Yen mark the stock was at in late September of 2007.

Posted 4 years ago #
Neko Musume Classic

And yet they still churn out games like crazy. Good for them.

Posted 4 years ago #
Deus_mechanicus

The hd remake of FF7 is becoming more and more likely lol ...

Granted, theyll probably fag it up by giving it some retarded new style bullshit action rpg battle system, instead of just updating the graphics and not touching anything else. Save maybe a tiny bit of polishing on the translation.

So it will fail whenever they do eventually do it.

Posted 4 years ago #
Dark Mage

They need to make some good games for a change.
Not necessarily ones with a massive budget instead maybe get several mid sized groups brain storming for new ideas.

Posted 4 years ago #
Enrico

150 millions is cheap change for firm like SONY.TEPCO the firm dealing with the nuclear plant has lost 15 billions this year and still going.

Posted 4 years ago #
Aya Reiko

hisae said:
150 millions is cheap change for firm like SONY.TEPCO the firm dealing with the nuclear plant has lost 15 billions this year and still going.

We're talking about SE here, not Sony or Tepco. SE has lost about 2/3rds of its worth in the past 3+ years.

Posted 4 years ago #
Neko Musume Classic

ayareiko said:

We're talking about SE here, not Sony or Tepco. SE has lost about 2/3rds of its worth in the past 3+ years.

Lol, he missed da boat.

Posted 4 years ago #
Dark Mage

ayareiko said:

We're talking about SE here, not Sony or Tepco. SE has lost about 2/3rds of its worth in the past 3+ years.

At this rate they could end up a hostile take over target for EA and you think they cranked piles of streaming dog flop before.

Posted 4 years ago #
Aya Reiko

Char said:

At this rate they could end up a hostile take over target for EA and you think they cranked piles of streaming dog flop before.

I was thinking something like that may be the last best hope for Japanese devs. Hopefully the sight of one of the Western devs, like EA, Activision-Blizzard, or Valve, taking over one of them might scare 'em enough to actually produce something of quality for once in a long, long while.
Or at least it would bring in a bigger and more aggressive power to force eatshithara to, well, eat shit.

Posted 4 years ago #
Neko Musume Classic

ayareiko said:

I was thinking something like that may be the last best hope for Japanese devs. Hopefully the sight of one of the Western devs, like EA, Activision-Blizzard, or Valve, taking over one of them might scare 'em enough to actually produce something of quality for once in a long, long while.
Or at least it would bring in a bigger and more aggressive power to force eatshithara to, well, eat shit.

I'm mostly sad because Square couldn't keep Cavia from disbanding. Who the hell decided that fate?

Posted 4 years ago #
Dark Mage

ayareiko said:

I was thinking something like that may be the last best hope for Japanese devs. Hopefully the sight of one of the Western devs, like EA, Activision-Blizzard, or Valve, taking over one of them might scare 'em enough to actually produce something of quality for once in a long, long while.
Or at least it would bring in a bigger and more aggressive power to force eatshithara to, well, eat shit.

Valve or Activision might actually be a good thing.

Just so long as the games don't get saddled with garbage like securom and very limited activations etc.

That stuff makes you want to steal it out of spite.

Posted 4 years ago #
sgt.Mango Garcia

At least they finally decided to make FFXI worth the 13 bucks.
It's really fucking good from what I heard, and I can't wait to re-activate my account.

Posted 4 years ago #
Myballz

Squareenix is focus on there PC market and fail now its Phone App market now.

Posted 4 years ago #
sgt.Mango Garcia

Myballz said:
Squareenix is focus on there PC market and fail now its Phone App market now.

Er... yes?
And that game probably has some good points. Turned based RPGs are [almost]always fun.

Posted 4 years ago #
Travis

ayareiko said:

I was thinking something like that may be the last best hope for Japanese devs. Hopefully the sight of one of the Western devs, like EA, Activision-Blizzard, or Valve, taking over one of them might scare 'em enough to actually produce something of quality for once in a long, long while.
Or at least it would bring in a bigger and more aggressive power to force eatshithara to, well, eat shit.

So long as Activision would let them mostly be autonomous in their game design like Blizzard it probably wouldn't be a bad thing. I cant foresee any issues with Valve taking over. EA, well, hard to say. They might slowly be turning Bioware into a steaming pile of shit, but they're still better than most.

Posted 4 years ago #
jamesownsall

Right now, i just got past fighting Gabrielle as a Twisted in The 3rd Birthday, and I must say:

SQUARE SIDE OF SQUARE-ENIX CAN CRASH AND BURN FOR ALL I CARE.

Fuck that makeshift Aya. Fuck "We didn't renew the license", because everyone knows just how much you fuckers make money out of false advertisement. Fuck "This is not Parasite Eve 3", because EVERYTHING IN THAT GAME TRIES TO IMPLY THAT IT IS. Those ass-kissing faggots who defended the game by that argument apparently were deaf for not hearing the intro music which is basically just a remix of the first PE, and the goddamn regular battle music in chapter 2 is straight off PE too. Let's not forget the fact that they're trying to pass the main character as AYA FUCKING BREA.

Of course, it wouldn't be so bad if THE DAMN STORY TRIES TO MAKE SOME SENSE, WHICH IT DOESN'T. Since this game's selling based on meaningless hopeful nostalgia that it didn't even try to make up to, it failed to fulfill what fans have been waiting for an entire decade, beginning with that short teaser of (actual)Aya in a wedding dress and aiming her gun at you.

If I for whatever reason have to kill myself, murdering Motomu Toriyama will be the 98th thing I'll do before I die. GOD I'M PISSED BEYOND WORDS!

Posted 4 years ago #
sgt.Mango Garcia

jamesownsall said:
Right now, i just got past fighting Gabrielle as a Twisted in The 3rd Birthday, and I must say:

SQUARE SIDE OF SQUARE-ENIX CAN CRASH AND BURN FOR ALL I CARE.

Fuck that makeshift Aya. Fuck "We didn't renew the license", because everyone knows just how much you fuckers make money out of false advertisement. Fuck "This is not Parasite Eve 3", because EVERYTHING IN THAT GAME TRIES TO IMPLY THAT IT IS. Those ass-kissing faggots who defended the game by that argument apparently were deaf for not hearing the intro music which is basically just a remix of the first PE, and the goddamn regular battle music in chapter 2 is straight off PE too. Let's not forget the fact that they're trying to pass the main character as AYA FUCKING BREA.

Of course, it wouldn't be so bad if THE DAMN STORY TRIES TO MAKE SOME SENSE, WHICH IT DOESN'T. Since this game's selling based on meaningless hopeful nostalgia that it didn't even try to make up to, it failed to fulfill what fans have been waiting for an entire decade, beginning with that short teaser of (actual)Aya in a wedding dress and aiming her gun at you.

If I for whatever reason have to kill myself, murdering Motomu Toriyama will be the 98th thing I'll do before I die. GOD I'M PISSED BEYOND WORDS!

They didn't make it to please us; they made it to rape us. Game companies know we feel like we gotta play shitty games just because they have something to with good ones that we love. I do know how you feel though, and I'm sorry for your loss.

Posted 4 years ago #
Aya Reiko

jamesownsall said:
Of course, it wouldn't be so bad if THE DAMN STORY TRIES TO MAKE SOME SENSE, WHICH IT DOESN'T. Since this game's selling based on meaningless hopeful nostalgia that it didn't even try to make up to, it failed to fulfill what fans have been waiting for an entire decade, beginning with that short teaser of (actual)Aya in a wedding dress and aiming her gun at you.

What did you expect from the pen of Motomu Toriyama? Of FFX-2, FFXIII, Front Mission Evolved, and 3rd Birthday fame? This guy is TERRIBLE!!!
The only way I see SE getting its act together is either Wada is sacked or someone takes them over and sacks Wada anyway.

Posted 4 years ago #
sgt.Mango Garcia

ayareiko said:

What did you expect from the pen of Motomu Toriyama? Of FFX-2, FFXIII, Front Mission Evolved, and 3rd Birthday fame? This guy is TERRIBLE!!!
The only way I see SE getting its act together is either Wada is sacked or someone takes them over and sacks Wada anyway.

I agree.

Posted 4 years ago #
Esura

FFX-2 and FFXIII was awesome so chill on that people.

Posted 4 years ago #

12 Next »

Topic Closed

This topic has been closed to new replies.