Square Enix sees 6 billion yen profit in fiscal 2012 thanks to Deus Ex, FFXIII-2
Square Enix's financial results for fiscal 2012 have been posted, and thanks to the releases of Deus Ex: Human Revolution and Final Fantasy XIII-2, the developer has ended the year in the black, to the tune of a ¥6.06 billion (or $75.9 million) profit.
Total income from sales for the fiscal year, which for Square Enix ran from April 2011 through March 2012, totaled up to ¥127.89 billion ($1.6 billion) – a 2.1 percent year-over-year increase. After subtracting taxes and operating costs, the company was left with over ¥6 billion in profit, which must be welcome news for stockholders still feeling the sting from Square Enix's ¥12.04 billion ($150.86 million) loss in fiscal 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."
