Square Enix Revises Financial Results Forecast Upwards due to Strong Final Fantasy XIV Sales And More
Square Enix just announced a revision to its financial results forecast for the six months ended on September the 30th.
The previous forecast predicted results between breaking even and a net loss of 1.3 billion yen (a bit north of 13 million dollars), while the revised forecast predicts a net income of 2.6 billion yen (just south of 26.5 million dollars).
The revision has been motivated with net sales that exceeded plans, like software sales of Final Fantasy XIV: A Realm Reborn and console games in North America, and shipments of arcade machines. Continued group-wide efforts of cost reduction are also cited.
The statement also mentions that the forecast for the second half of the fiscal year (ending in march 2014) won’t yet be revised due to uncertainties during that period.
That said, it’s always good to see a developer and publisher revising its forecast upwards, and quite rare.