Square Enix profits fall and tumble

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  Heading:	<a href="http://squarehaven.com/news/2006/04/20/Square-Enix-profits-fall-and-tumble/">Square Enix profits fall and tumble</a><br/>Despite more optimistic initial numbers, Square Enix has since lowered its projections for the 2005/2006 fiscal year, with net sales at 125 billion yen ($1.06 billion USD) and net profit at 10 billion yen ($84.67 million USD), the latter figure a whopping 42.9% lower than previous estimations. Although high-profile titles such as Kingdom Hearts II and Final Fantasy XII helped to bolster sales, profits were damaged by the lack of top-sellers during the period from April through September. And despite the relative success of Final Fantasy XI, Squeenix's other MMO ventures have not gone successfully; likely the cause of their discontinued Everquest II support. What course will the company take in light of these events? That is difficult to say, but with the inability to point a finger squarely at Hironobu Sakaguchi, a renewed business strategy may be necessary.
  Square Enix profits fall and tumble Despite more optimistic initial numbers, Square Enix has since lowered its projections for the 2005/2006 fiscal year, with net sales at 125 billion yen ($1.06 billion USD) and net profit at 10 billion yen ($84.67 million USD), the latter figure a whopping 42.9% lower than previous estimations. Although high-profile titles such as Kingdom Hearts II and Final Fantasy XII helped to bolster sales, profits were damaged by the lack of top-sellers during the period from April through September. And despite the relative success of Final Fantasy XI, Squeenix's other MMO ventures have not gone successfully; likely the cause of their discontinued Everquest II support. What course will the company take in light of these events? That is difficult to say, but with the inability to point a finger squarely at Hironobu Sakaguchi, a renewed business strategy may be necessary.

  
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