Square Enix revenues down but profits kick up

Square Enix logo - Image 1Square Enix has released its Q1 financial numbers and sales took a significant dip from last year. Sales in two out of three major markets dropped, while business in all of its portfolios also dipped. Strangely enough, the company showed an increase in profits compared to the same period last year. Details after the jump.

Square Enix logo - Image 1Square Enix‘s overall sales are down in Q1 of this fiscal year, but that doesn’t mean the company is losing money. As a matter of fact, it’s gaining more profits compared to the same period last year.

Overall revenues fell 9.3 percent to US$ 275.3 million. Profits, however, jumped up to US$ 26.7 from the previous fiscal cycle’s US$ 25.3, but the Japanese publisher did not explain why.

Regional sales were down in Europe and Asia, but the North American market is still responding well, posting a slight increase from US$23.8 million last year to US$ 24.4 million this year.

From a sectoral standpoint, Square Enix’s sales are down in both online and offline portfolios. Similar slight falls were also noted for the company’s mobile and amusement businesses.

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