Monday, August 12, 2013
Square-Enix improves losses in Q1
Square-Enix (PDF) are somewhat mixed. The publisher has posted a loss in the first quarter of fiscal 2014, but said that the loss is an improvement compared to the loss recorded during the same period last year. Specifically, Square-Enix has posted net sales of 24 million yen ($ 245.3 million), down 24.9 billion yen ($ 253.7 million) in the first quarter of last year. The company recorded a net loss of 493 billion yen ($ 5 million) improvement compared to the loss of 2 billion yen ($ 21.1 million).
Outside
overall performance of Square-Enix last year, the digital entertainment arm of the company (ie video games) grew, with net sales ? 11.5 million ($ 118 million) and operating income of 1.3 billion yen ($ 13.4 million), an increase in sales of 11.3 billion yen ($ 115 million) and ? 111 million ($ 1.1 million) operating loss last year. However, sales of Capcom cited "weak" console games, because no major titles were released in the first quarter. Meanwhile, shares browser on your smartphone and made "progress" and the Wii MMO
Dragon Quest X
"has demonstrated consistent performance. "
financial statements reiterated comments earlier this year - when the company reported a loss of $ 134 million - taking into account the rapid expansion of mobile devices such as tablets and smartphones, while the console gaming market is becoming increasingly competitive. These changes have led to a major restructuring, in particular, many leaders revolver.
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