General Gaming Square Enix kicks off financial year with Q1 sales of $501m

[Pikachu]

https://www.gamesindustry.biz/articles/2019-08-06-square-enix-kicks-off-financial-year-with-q1-sales-of-usd501m

 

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Square Enix has reported its results for the first quarter of the fiscal year, showing increases across the board.

 

The company's overall net sales were reported at ¥53.3 billion ($501 million), up 19.1% year-on-year from ¥44.8 billion ($421.1 million).

Operating income was up an impressive 85.8% from ¥3.8 billion ($35.7 million) to ¥7.2 billion ($67.7 million). However, ordinary income took a 13.9% hit, dropping to ¥6.3 billion ($59.2 million).

 

The Digital Entertainment division, which handles Square's video games, saw net sales rise by 5.5% to ¥37.1 billion ($348.7 million) and operating income rose by 2% to ¥7.6 billion ($71.4 million).

 

The segment remains by far the largest at Square Enix, with Amusement following at net sales of ¥10.8 billion ($101.5 million) for the quarter.

 

Square Enix highlighted the Nintendo Switch and Xbox One releases of Final Fantasy X, X-2 and XII as key sales drivers, as well as mobile title Romancing SaGa Re;univerSe and paid subscriptions for Final Fantasy XIV, which increased ahead of the recent release of its latest Shadowbringers expansion pack.