GAMING BLEND

Square Enix Profits In 2012 Thanks To Final Fantasy XIII-2, Deus Ex Human Revolution

By William Usher 2012-05-14 18:39:28 discussion comments
While EA posted moderate profits for the fiscal 2012 year-end tally, Square Enix is basically laughing all the way to the bank, thanks to heavy hitting AAA titles such as Final Fantasy XIII-2, Deus Ex: Human Revolution and their digital mobile department.

Square posted a net gain of 127 million , up from 2011's 125 million. They also seen total assets take an upswing in 2012 to 213 million, up from 2011's 206 million, nearly a 4.1 percent increase in year-end totals.

According to Blues, Yoichi Wada, President and Representative Director commented in the fiscal results, saying...
"During the fiscal year ended March 31, 2012, the Group's results were favorable due to increased sales of console games boosted by our major titles, DEUS EX: HUMAN REVOLUTION (North America, Europe and Japan, in order of release) and FINAL FANTASY XIII-2 (Japan, North America and Europe, ditto), as well as continued expansion of content from growth areas such as the web and smartphones.

In the fiscal year ended March 31, 2012, we continued our efforts aimed at increasing profitability, including establishing best practices for the content in said growth areas, improving quality of our major online game, and strengthening our global structure. We are accelerating the reformation to generate a substantial earnings improvement in the fiscal year ending March 31, 2013 and beyond."

I'm curious how they're planning to continue to improve the quality of their "major online game", which would be Final Fantasy XIV. The game was in absolute shambles last I heard but apparently Square doesn't want to let it die a slow, painful, death like Star Wars Galaxies, nor do they want it to die a fast, expedient death like Tabula Rasa. They seem to be intent on actually fixing the darn thing and continually working on improve the content. That's admirable to say the least.

Anyways, more of the stats show that Square raked in a sizeable 51 million gross profit, and were approximately 200,000 shy of the 52 million mark. A lot of this was due to less losses in 2012 compared to operating performance in 2011.

In the end, this means that it's not looking too shabby for Square-Enix and so long as they don't start pulling out anti-consumerist trends like some other companies whose names I shall not name, they might see more growth for 2013.
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