Wednesday, November 2, 2011

Square Enix is living la vida loca financially

That acquisition of Eidos is doing great things for Square Enix. In its financial forecasting for the first half of the current fiscal year, the Japanese publishing giant is seeing things up, up and up.

Thanks to the massive success of Deus Ex: Human Revolution and higher than expected income from smartphones and social networking games, Square Enix is now expecting revenue of ¥57 billion ($729.9 million), up 1.8 per cent compared to the originally estimated ¥56 billion ($717.1 million) for the six months ended September 30.

And profit forecasts? Up 146.7 per cent to ¥3.7 billion ($47.4 million), from the original forecast of ¥1.5 billion ($19.2 million).

It hasn't been all rosy, though. Thanks to the horrid performance of Final Fantasy XIV, and the way-too-strong Japanese Yen value on the international exchange, Square Enix is still expecting a damp full year result. For the first half of the current fiscal year, the company has recorded a ¥2.1 billion ($26.9 million) foreign exchange loss, for instance.

But things look on the up for a company that, even if somehow all those Final Fantasy and Dragon Quest games somehow manage to fail, has Tomb Raider, Hitman and Thief projects in the pipeline.

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