By all accounts, Square-Enix has had a rough year. Lukewarm reception of its Final Fantasy XIV MMORPG last fall, followed by the devastating Japanese earthquake and tsunami this spring, have conspired to paint a bleak portrait of the gaming giant's immediate financial future. Gamespot reports that Square-Enix has warned investors to brace for a $148 million loss for the year-long period that ended on March 31st, and the figures indicate an alarming reversal of fortune when measured against the previous year's $117.44 million profit.

The data come on the heels of a down-beat full-year financial outlook issued last February and also stem from what the company calls "tightened selection regarding title lineup." Translation: SE has trimmed some fat from the development budget, notably an FPS named Gun Loco that was originally planned for the Xbox 360. You can read the full report at Gamespot.

This article was originally published on Massively.
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