Square Enix Releases Financial Report For Previous Fiscal Year, Shows Amazing Growth Thanks To Final Fantasy XV
Square Enix released its financials for the fiscal year that ended on 31st March showing a record high for the company suggesting despite some issues and unconventional releases, the company had a good year.
As shown in the table, the company had a decent increase year-on-year compared to the fiscal year which ended on 31st March 2016 with net sales coming in at more than 256 million Yen compared to 214 from previous year.
The company also posted a breakdown of its digital entertainment business which includes games. Surprisingly, Final Fantasy XV and the PS4 release of Rise of the Tomb Raider made up a huge chunk of the growth and sales.
In the consolidated fiscal year under review, During the fiscal year ended March 31, 2017, major launches of blockbuster series titles such as “FINAL FANTASY XV” and the PlayStation®4 version of “RISE OF THE TOMB RAIDER”, on top of strong download sales of previously released catalogue titles, have led to a material increase of net sales and operating income in the area of console games, compared to the prior fiscal year.
The company’s MMORPGs however did suffer with both Final Fantasy XIV and Dragon Quest X seeing a decline in sales and operating income.
However, that is to be expected from MMOs after a few years without the addition of meaningful new content. The upcoming release of Stormblood expansion for Final Fantasy XIV and Dragon Quest X being ported to PS4 and Nintendo Switch might improve matters.
However, it wasn’t all sunshine and roses in the financial report as Square Enix, completely out of the blue, decided to sell IO Interactive, the developers behind the Hitman franchise.
It is unclear whether the Hitman and other IPs developed by IO Interactive will go to the company who purchases the studio or stay with Square Enix.