Posted May 24, 2008 at 09:04PM by Sally B.
Listed in:
News
Tags:
Square Enix,
Yoichi Wada
Ó
|
Fiscal year 2007 is certainly not the best fiscal year for Square Enix, which suffered a significant drop on revenues and earnings. According to their report, Square Enix's sales slumped by 9.8 percent to only 146.5 billion yen (or US$ 1.4 billion), compared to the 31.3 percent gain that they posted for fiscal year 2006. They managed to post net income worth 2.9 billion yen, or US$ 89 million. The downturn is not only attributed to Square Enix's console gaming. The company's main online title, Final Fantasy XI (PC, Xbox 360) managed to reach 500,000 subscribers, but the revenues garnered from Square Enix's overall online gaming arm also got hit with a drop of 12 billion yen (or US$ 116 million). However, things will eventually turn for the better if everything goes as planned for the company. Square Enix has tagged the fiscal year of 2007 as a period of transition, expecting a revenue rebound of 8.5 percent worth 160 billion yen, or US$ 1.5 billion. With this development, will Square Enix still push through with their plan to expand into Western territories? If anything, the company intends to go into new frontiers into order to improve their output. "We need to go beyond traditional Square Enix," said Squeenix president Yoichi Wada. But how to they exactly plan to do that? Do stay tuned for updates. |
|
|
[Via Gamespot]
Permalink |
Email this |
Linking Blogs
| Digg It!
Bookmark / Find this article on: |
|
0 Comments
|
|
The QJ.net Network |
|
| QJ Forums | |
| PC Gaming | |
| Sony PSP | |
| PlayStation 3 | |
| Xbox 360 | |
| Nintendo DS | |
| Nintendo Wii | |
| Blog of Blogs | Feed / PDA |
| QJ.NET | RSS / PDA |
| Gaming Consoles | Feed / PDA |
| Nintendo DS | RSS / PDA |
| PlayStation 3 | RSS / PDA |
| PSP Updates | RSS / PDA |
| Wii | RSS / PDA |
| Xbox 360 | RSS / PDA |
| PC Gaming | Feed / PDA |
| MMORPG | RSS / PDA |
| Personal Computer Games | RSS / PDA |
| World of Warcraft | RSS / PDA |
| Technology | Feed / PDA |
| Apple | RSS / PDA |
| iPhone - iPod Touch | RSS / PDA |
User Favorites - July
| Most Commented | |
| No commented articles | |
User Favorites - July
Accessories
(26)Artwork
(38)Betas, Testing
(3)Deals
(59)Demo
(62)Drivers
(4)Events
(112)Featured Articles
(23)Guides, Tips, and Tricks
(12)Hardware
(87)Humor
(22)Interviews
(504)Lore
(1)Mods
(36)News
(3960)Off Topic
(366)On Shelves This Week
(13)Opinions & Analysis
(335)Patches
(199)Previews
(125)Reviews
(22)Rumors
(159)Scans
(15)Screenshots
(571)Site News
(17)Steam
(12)Utilities
(7)Videos
(823)Windows Live
(6)XNA Studio Homebrew
(11)
Genre
Titles
Archives
July 2009
June 2009
May 2009
April 2009
March 2009
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
April 2006
Fiscal year 2007 is certainly not the best fiscal year for 
