Square Enix Reduces Earnings Forecasts by 91%

[froggyboy604]

It seems last week's Final Fantasy XIV kerfuffle had even more fallout than we thought. In an announcement on the company's official corporate site today, Square Enix drastically reduced its earnings forecasts for the remainder of the fiscal year from 12 billion yen (approx. $142.4 million USD) to just 1 billion yen ($11.9 million) - a decrease of 91.7%

In explaining the move, the company cited the delay of Deus Ex: Human Revolution as well as Final Fantasy XIV failing to achieve "the level of customer satisfaction that fans of our FINAL FANTASY franchise have come to expect." The delay of the PlayStation 3 version was also a factor, as it will almost certainly come out after the fiscal year ends in March 2011.

Only one month ago the company revised its figures for the first half of the fiscal year to reflect "relatively slower growth" of new game sales. While these numbers all look bad in comparison to last year's, it's worth pointing out that 2009 was a record year for Square Enix. Still, at least one Japanese blog is calling this "the beginning of the end."

1up

Oh no , I hope this does not affect future Final Fantasy games.

 

[SubterraMaster]

I hope not as well, but I'm not surprise at this.

 

[GracefulAssassin]

That's bad. Square is the best! I hope they do better with their future better titles.

 

[Demon_Skeith]

what did they expect by infecting it's main line FF title games with crappy MMOs? I hope FF 14 is the last MMO and they get back to making FF games that leaves me wanting more like 1-10 did.

 

[GracefulAssassin]

XI was very successful. It was OK, but XIV is amazing.

 

[Demon_Skeith]

XI was very successful. It was OK, but XIV is amazing.

the fact that SE profits are hurting shows many people don't agree with you.

 

[SubterraMaster]

what did they expect by infecting it's main line FF title games with crappy MMOs? I hope FF 14 is the last MMO and they get back to making FF games that leaves me wanting more like 1-10 did.

I hope so too! I want a FF game with an epic storyline.

 

[froggyboy604]

I think SquareEnix should try to make different types of games since most of the games they make are RPGs. If they made more fighters, shooters, and sim games they might be able to earn more like EA.

 

[Demon_Skeith]

I think SquareEnix should try to make different types of games since most of the games they make are RPGs. If they made more fighters, shooters, and sim games they might be able to earn more like EA.

their last shooter game was a flop (FF 7 dirge of ceraberus).

 

[froggyboy604]

their last shooter game was a flop (FF 7 dirge of ceraberus).

Indeed, I think if Square used whole new characters and not make it FF7 related. Their Shooters might do better if they can make a game as popular as Halo, Doom, and Duke Nukem.

I haven't met a ton of RPG fans which are also very big shooter fans.

 

[Demon_Skeith]

Indeed, I think if Square used whole new characters and not make it FF7 related. Their Shooters might do better if they can make a game as popular as Halo, Doom, and Duke Nukem.

I haven't met a ton of RPG fans which are also very big shooter fans.

problem was, FF 7 was ripe for a shooter. it had Barret, Vincent, president Rufus, turks, soldiers and they stuck it to one person only. but there may be a DoC 2.

 

[froggyboy604]

Final Fantasy 8 might be good for a shooter as well with Squal's Gun Blade and Irvine's guns/pistols.

 

[SubterraMaster]

^ FF 8 might be a good one.

Anyway, I believe "The 3rd Birthday" is SE next non RPG.

 

[GracefulAssassin]

Actually SE makes things other than RPG's. I don't want to list them, so look it up on Wikipedia.