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Square Enix Announces ‘Favorable Sales’, Boosts Financial Forecast
Square Enix has revised its financial forecast for the fiscal year ending March 31, 2014 for the better following “favorable sales” of key titles. In its announcement, that company singled out games such as Final Fantasy XIV: A Realm Reborn, Final Fantasy X/X-2 HD, Hitman, and Thief of all performing well commercially. There’s also mobile title Dragon Quest Monsters Super Light, which has done well in Japan, and the HD Remaster of Tomb Raider, which also experienced “favorable sales” in the west.
As a result, expect net sales have gone from ¥140 billion ($1.37 billion) to ¥155 billion ($1.52 billion), thus increasing operating income, ordinary income, and net income. The company was in poor shape last year, announcing commercial losses, but it’s become apparent that it might be turning a corner soon enough. It currently has several, highly-anticipated games on the horizon such as the long awaited Final Fantasy XV and Kingdom Hearts 3, which we expect to make an appearance at E3 next month, possibly Just Cause 3, the potential sequel to Tomb Raider, and new Hitman and Sleeping Dogs games as well.
Square Enix admitted, a few months ago, that it had lost its focus and will go back to the drawing board when it comes to developing certain types of games. The company’s new sense of focus can slightly be attributed to the commercial success of traditional role-playing game Bravely Default on the 3DS.