The name of Japanese publisher Square Enix has long been associated with rumors about Sony's desire to acquire it, especially with the acquisition of much of Square Enix's Western studios by giant Embracer Group.
Japanese company Square Enix has announced its financial figures for the first nine months of the current fiscal year, which showed a decline in revenue and profits year-on-year. According to the data I shared, the company's revenue totaled about US$1.99 billion, down 6.6% year-on-year. Operating profit was US$1.4T 321.2 million, down 17.6% year-on-year.
As for the video game segment, the “entertainment segment,” revenue fell 12.9% and profits fell 21.6% year-over-year. The only explanation for this noticeable decline is that the company did not release any games this fiscal year to rival NieR Replicant, Marvel’s Guardians of the Galaxy, and Outriders, which were released in the previous fiscal year. While Final Fantasy 14 continues to post strong profits for the company.
However, the company has several titles planned for release in the future, including Final Fantasy XVI, Rebirth, and KINGDOM HEARTS IV, and recently released Forspoken, which doesn't seem to make enough money for the developer and publisher combined.
Sincerely, fans of games like Octopath Traveler, Xenogears and many other 2D games are in a meeting with publisher Square Enix to re-release many titles in HD-2D style in the future. To learn more, click here.
