Square Enix to acquire more local and foreign companies

Square Enix is spreading its reach farther as they unveil their plans of acquiring some more local and foreign companies. It’s a tried and tested formula to cash in more of that valuable green paper, and there isn’t a reason why they shouldn’t do it.

Check out what their gameplan is over at the full article.

Square Enix is known as one of the world’s top game software publisher, and it looks like they have no plans of slowing down. It has just been reported that the publisher giant is looking to acquire companies in order to further boost their profit growth.

President Yoichi Wada says,

Acquisitions and alliances will be the conrnerstone of our growth strategy this year and next. We are an entertainment content provider, so you won’t see us buying software or food and beverage companies.

Well that makes a whole lot of sense, don’t you think? It also appears that they’re not only planning to acquire local companies, but even foreign ones as well, such as those from India and China.

This whole business of acquisitions actually have a system. They don’t do it on some random whim. Wada further explains, “The cycle of buying new companies, improving earnings and acquiring again comes on average every two years. It’s been two years since we brought Taito. I think it’s time for the next round.”

It is Square Enix’ belief that their net income will rise 3.3% to 12 billion yen (US$ 113 million) by the end of the fiscal year on March 31. They also predicted that sales will most likely go down 0.6% to 162.5 billion yen.