After an approximately net income loss of $150 million (¥12 billion) last year, Square Enix is thankfully back in the black for this fiscal year with an approximate net income gain of $75 million (¥6 billion).
The company's net sales, operating income, and recurring income have increased since last year, and Yoichi Wada, President and Representative Director for Square Enix, gives credit to their sales of Final Fantasy XIII-2 and Deus Ex: Human Revolution, in a statement accompanying the report by PRNewswire:
During the fiscal year ended March 31, 2012, the Group's results were favorable due to increased sales of console games boosted by our major titles, DEUS EX: HUMAN REVOLUTION (North America, Europe and Japan, in order of release) and FINAL FANTASY XIII-2 (Japan, North America and Europe, ditto), as well as continued expansion of content from growth areas such as the web and smartphones.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. We are accelerating the reformation to generate a substantial earnings improvement in the fiscal year ending March 31, 2013 and beyond.
