Square Enix expects to incur 'extraordinary loss' this fiscal year ending March 31

Square Enix expects to incur an "extraordinary loss" in the fiscal year ending March 31, 2013, following today's revisions to the publisher's consolidated results forecast.

According to the new forecast, the company expects results of its digital entertainment segment to fall "substantially" below what was initially planned following slow sales of major console titles throughout North America and Europe, in addition to a "sluggish performance" in arcade machines.

Square Enix now plans to begin major restructuring in its development policy, organizational structure, a number of business models and other areas. As part of these restructuring efforts, the company expects to incur a loss of roughly 10 billion Yen (or just over $105 million) for the fiscal year ending March 31, 2013.

The extraordinary loss includes a loss on disposal of content of $42 million, a loss on evaluation of content of $42 million and other losses of $21 million.

We have contacted Square Enix for further information about its restructuring.

More from Polygon

A guided video tour of an Unreal Tournament map

  • Freedom Planet gameplay video

  • Adventure Time trailer

  • Hearthstone: Naxxramas Overview

  • Oddworld: New 'N' Tasty - Overview video

Latest Discussions

Log In Sign Up

Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.



Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.