Square Enix Lowers Financial Outlook for FY 2013
Slower sales have caused Square Enix to project lower sales for this fiscal year.
The company expects the next six months, from Oct. 1-March 31, 2013, to have expected sales of $763 million, down from $952 million. Projected net income is also now expected to be a $65 million loss. It was previously expected to break even.
The drops are due to “sluggish sales” or new arcade machines and “sales of a major HD game title have been growing at a slower pace than expected.” The game they mention appears to be Sleeping Dogs, which is disappointing considering how enjoyable the game is.