Square Enix Will not Hold an Online Event During E3 Period

Square Enix published its financial results for the last fiscal year and announced it won't be holding an online event around E3 2020 timing.

Square Enix Holdings published on May 13 its financial report on the last fiscal year, from April 1, 2019 to March 31, 2020. Square Enix also mentioned it won’t hold some kind of online event in June during the E3 period. The Japanese company is currently unable to reveal some of its new titles for this fiscal year because assets aren’t ready due to Covid-19. Due to the pandemic and the state of emergency, all Japanese studios’ progress have slowed down as Masahiro Sakurai or niche studio Entergram explained. Instead, Square Enix will  announce new games on an individual basis, Bloomberg’s Takasha Mochizuki reported.

We also should be seeing Square Enix at the Tokyo Game Show 2020 online event.

According to the financial report, Square Enix sales for the fiscal year are at 260.527.000.000 Yen, down 4% compared to the previous fiscal year. Operating income is at 32.759.000.000 Yen, up 33% compared to the previous fiscal year . Ordinary income is at Yen, up 12.9% compared to the previous year.

While new big console titles such as Dragon Quest XI S were released during the fiscal year, there were many more big titles released by Square Enix in the previous year. Moreover, the sales of these large titles from the previous year were low this year ,resulting in the 3% loss in sales.

Now for mobile, browser and online games. Profits on these platforms were higher compared to last year thanks to Romancing Saga Re;univerSe which is popular, and the launch of Dragon Quest Walk. Online games had increased profits this year. Both Dragon Quest X and Final Fantasy XIV had a increase in monthly subscribers as both games got a new Expansion.

In terms of “Amusement” facilities (arcade games etc) store revenue is stable, but sales of new machines have declined a bit. In manga and goods publishing there’s been a significant increase in digital sales thanks to the Manga Up! app. (As a reminder, Square Enix has its own publishing company, Gangan. They do manga, card games, goods, etc. It’s also where highly popular manga such as Kakegurui and High Score Girl are published.)

Lastly Square Enix expressed concern sales for its Amusement business will decrease this new fiscal year due to Covid-19.

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Iyane Agossah

Living near Paris, Iyane is the head of Japanese content at DualShockers. You can reach him on Twitter at @A_iyane07

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