Deus Ex and Final Fantasy increase Square’s revenue and profit; Deus Ex sells over 2 million
Square Enix has released it’s fiscal reports for the nine month period (FY 2011-12) ending on December 31. They have posted a profit of ¥12.45 billion ($169.4 million), 11.5% up from the ¥11.16 billion ($146.5 million) they posted during the same period last year. Revenue us up from ¥50.57 billion ($663.7 million) to ¥53.7 billion ($704.7 million).
While sales across all departments was more or less same as the same period for the last fiscal year, the games department saw an increase of 6%.
Square Enix attributes these good sales to the Japanese sales of Final Fantasy XIII-2 and Deus Ex: Human Revolution. The latter has sold 2.18 million units globally since its launch in August last year.
“During the nine-month period ended December 31, 2011 the Group’s results included increased sales of console games boosted by our major titles, as well as continued expansion in fee-based service revenues from growth areas including content for the web, smartphones and social networking services,” said president Yoichi Wada in the prepared statement.
“In the current fourth quarter despite the release of Final Fantasy XIII-2 in Europe and North America, expected costs including up-front expenditures in content development for growth areas during the period cause us to keep forecasts for the fiscal year unchanged.
“As I stated at the start of the fiscal year, we are focusing all efforts on rebuilding the Group businesses toward generating a substantial earnings recovery from the fiscal year ending March 31, 2013 and beyond.”
[Financial Report (PDF)]