November 2012 because of "the increasingly difficult condition of the worldwide console game market."
Net sales, however, did see year-on-year growth of over 7 percent to ¥102.8 billion, or around $1.1 billion. Square Enix also noted acceptable profits for mobile and social networking games like Final Fantasy Airborne Brigade and Final Fantasy Artniks.
Looking ahead, Square Enix forecasts end-of-fiscal-year net profits of ¥3.5 billion yen, or around $37.3 million, that figure down year-on-year by 42 percent. The company expects content expansion and the launch of "full-scale commercial services for major MMO titles," to drive earnings up.