Square Enix returning to profitability in 2014 fiscal year

Square Enix is continuing its efforts to effect a turnaround after a disastrous 2013 fiscal year, and the plan is producing solid results so far in the first three quarters of the company's 2014 fiscal year, Square Enix announced today.

The publisher tallied net sales of 102.47 billion yen ($1.01 billion) during the nine-month period ending Dec. 31, 2013. Although that figure represented a decrease of 0.3 percent from the same period in 2012, Square Enix recorded an operating income of 7.82 billion yen ($77.23 million) and a net income of 5.18 billion yen ($51.15 million) during the three fiscal quarters. In the same period one year prior, the company suffered an operating loss of 4.85 billion yen and a net loss of 5.75 billion yen.

According to Square Enix, positive results during the nine-month period were led by strong sales of console games in North America, as well as "favorable progress" in software sales and operation of Final Fantasy 14: A Realm Reborn. The company still expects its forecasts for future performance to fluctuate for the time being, since it is in the midst of enacting reforms to its business structure.

Square Enix left its guidance for the full 2014 fiscal year, which ends March 31, 2014, unchanged. It still expects net sales to fall between 140 billion yen and 150 billion yen; operating income between 5 billion yen and 9 billion yen; and net income between 3.5 billion yen and 6 billion yen.

More from Polygon

Hearthstone - Plague Quarter gameplay video

  • A guided video tour of an Unreal Tournament map

  • Freedom Planet gameplay video

  • Adventure Time trailer

  • Hearthstone: Naxxramas Overview

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.