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Square Enix Q1 financial report shows 56.8% leap in net sales

S. Prell, @SamPrell

Things are looking up for Square Enix after a successful fiscal quarter that ended on June 30, according to a company financial report. Net sales are up from 24 billion yen (~ $235 million) to 37.8 billion yen (~ $370 million) from the same three-month period last year, a rise of 56.8 percent.

Net income for the company was also on the up, having risen by nearly 4 billion yen (~ $39 million). During the same quarter last year, the company suffered a 493 million yen (~ $4.8 million) loss on net income. This year, the company has tracked 3.4 billion yen (~ $33.3 million) in net income.

Despite the good news, Square Enix expects to make roughly the same amount of money during its fiscal year as it did in 2013; the report shows a forecast of 3.5 to 6.5 billion yen (~ $34.3 to $63.7 million) in net income for this fiscal year, while last year's actual numbers totaled to 6.598 billion yen (~ $64.7 million).

Square Enix attributed the high marks due to "favorable progress" shown by MMOs like Final Fantasy 14 and Dragon Quest 10, as well as the strong repeat sales of games released during the company's previous fiscal year.
[Image: Square Enix]

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