Square Enix Sees Profit in FY 2012
Square Enix has posted a profit of about $75.9 million for fiscal year 2012.
Overall, total income from sales ended at $1.6 billion, up 2.1 percent from last year. This helped the company rebound from its $150.86 million loss in FY 2011.
“In the fiscal year ended March 31, 2012, we continued our efforts aimed at increasing profitability, including establishing best practices for the content in said growth areas, improving quality of our major online game, and strengthening our global structure,” said Square Enix president Yoichi Wada in a statement accompanying the financial report. “We are accelerating the reformation to generate a substantial earnings improvement in the fiscal year ending March 31, 2013 and beyond.”
The two big games that helped the profit were Deus Ex: Human Revolution and Final Fantasy XIII-2.