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Square Enix Slashes Financial Forecast

Square Enix has finally released its financials, including a revised forecasts for this financial year - ending March 31, 2009. Sales and income are expected to be down.

According to Square Enix, the company's new net sales forecast is 16.9 percent lower than previously thought. Net income is expected to be down 62.5 percent.

Sony Rep6317d ago

Can't say I didn't see this coming...

Protip: JRPGS on the 360 is like peeing from your butt hole...

coolfool6317d ago

but what really puts the nail in the coffin of JRPGS on the 360 is fact that they have been BAD JRPG's on the 360.

The projection was obviously based on these games doing better than they did. I don't think this revised forecast has anything to do with recession.

Chris3996317d ago (Edited 6317d ago )

Their attempts at being original - Infinite Undiscovery, Last Remnant - have been poor at best.

Porting a 14 year old SNES cart (Chrono Trigger DS) and charging full retail price for it, should really inspire more consumer malcontent than it has.

Porting a DS game to the Wii (FF:CC) is equally as insulting.

Sure, they've had one or two gems, but the ratio of crap vs. quality is definitely weighed in favor of "crap". This company is starting to look more and more like E.A. before their fall. Only worse, as I have a feeling that they are too proud to adapt to the marketplace.

Oh, and ignoring a 21 million install base system - PS3 - for 2, going on 3 years, really isn't going to help their perception to gaming enthusiasts either.

They're not innovative or interesting enough, they deserve to fall prey to natural selection, just like any other bloated, ego-maniacal corporation.

Adapt or die.

Edit: Sorry, wrong title. I was thinking about something else. Fixed. World Ends With You was pretty fun, actually.

ChickeyCantor6317d ago

" Their attempts at being original - World Ends With You,"

Actually it was recieved very well.
World ends with you seems to be a really good game for those who played it.

CBaoth6317d ago (Edited 6317d ago )

Man I hope more people wake up and realize the 360 has nothing to do with the demise of SE's quality. It was happening at the end of the last gen on the PS2. Like all other Japanese devs, they've rested for far too long on their laurels - porting, remaking, and sadly sometimes simply re-packaging the same garbage over & over. With the horrible sales of Echoes, it finally looks like the Japanese are starting to realize this. They rush out their new IPs (for financial reasons) before they're ready and act like the name alone will ensure millions of 360 owners mindlessly flocking to the shop to buy it. A polished turd is still a turd. I never thought I would see the day when WRPG devs are outselling their JRPG counterparts.

coolfool6317d ago

World Ends with your was developed by Jupiter. I think they had a cash injection from SE (i can't find source, sorry) so you might see SE on the dev list as well but it was a Jupiter game.

Square enix just published it.

gaffyh6317d ago

The only games that can redeem Square Enix, and will increase their profits are the FFXIII games. The PSP Agito XIII will sell like crazy (look at what FF7 did on PSP), FF13 should also give a similar boost this year, cos it is being released in Japan on PS3.

Maybe Star Ocean 4 will help, but it doesn't make much sense being 360 exclusive, but seems like Tri-Ace just can't be bothered with PS3 development.

+ Show (3) more repliesLast reply 6317d ago
yanikins1116317d ago

Two possibilities.
1) Square/Square Enix simply dont make enough good games.
2) Their management team makes retarded decisions.

Square seems to always be in financial grey spots. What up with that?

Pennywise6317d ago

I dont think Sony will be bailing them out this time.

DrWan6317d ago

before they merge, Sony owned a significant part of SE's stock, like 30% ish or so. And they have bailed them a few times acutally. But this generation, their relationship..i think they will be more likily to ask MSFT for bailing.

PS360WII6317d ago

They also delayed DQIX for 3 months. I'm sure they were expecting some good sales to help make their goal but now that the game won't release within this forecast they lowered it.

Makes sense if you think about it but I do like how quickly people went after the 360...

60°

Final Fantasy X 25th Anniversary Website Launches With New Nomura Artwork and Merchandise

Square Enix launches Final Fantasy X 25th anniversary site, revealing new Nomura art, books, music releases, and merchandise.

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twistedvoxel.com
-Foxtrot32d ago

Look I know VIII has its issues and all that but how on earth can the do big anniversary events with new artwork and merchandise for VII, IX and X yet VIII got sweet f*** all.

They could have given it something during its 25th anniversary yet all it got was a single Happy Anniversary post on their social media.

solideagle32d ago

they should know that we are OG fans of VIII as it sold truckload as well. not as much as VII or X. I personally didn't like IX but X and VI are my personal fav.

Shadow Hearts 2 covenant is another game I love. I hope one day someone can make remake, I would be delighted

Relientk7732d ago

Final Fantasy VIII is great and you are always the first to defend it in the comments

40°

Star Wars: Bounty Hunter Let Jango Fett Loose

LucasArts gave Jango Fett his own game in 2002, and it pulled Star Wars into a much dirtier, rougher, and more interesting corner of the galaxy.

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swtorstrategies.com
Relientk7737d ago

I remember playing this back in the day on PS2. What a sick game!

50°

Why the Wii is Such a Nostalgic System in 2026

The Wii is now a retro console. Let’s get nostalgic about an often maligned system.

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downupjourney.com
ActualWhiteMan38d ago (Edited 38d ago )

Crazy to think the WII is to the Switch 2, as the NES was to the WII back then. 20 Year difference.

jznrpg38d ago

My wife asks me to bust it out (heh) everyone once in a while to play bowling and tennis with the kids. There was a ton of slop on it but some good stuff as well.

Smellsforfree38d ago

Wii was great but boy howdy did it cause Microsoft to go on a dark walk with the Kinect and the disastrous XBox One launch that they arguably never recovered from.

Loktai37d ago

Not nostalgic for me.. I was there.. anyone who wasnt a little kid realized it was a gamecube with shit tacked onto it, it was the "joke" system and was well below even the switch in terms of comparing it to the latest machines at the time. The machine was well loved by young people and "casual gamers" who now remember it 20 years on, or in most cases more of its sales came in the 15-20 years ago range not right at launch- but again its not nostalgic for people who were "gamers" then really, just for those who ended up with one in their house, the games , graphics, interface and online features were archaic already in 2006.