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Square Enix Loses $26.3 Million Due To Slight Games Drought In Q1 2013

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Posted on August 7, 2012 AT 08:40pm

Even the mighty Square Enix isn’t immune to sales woes, as a lack of console games has contributed to a slight decrease in their sales and profits. Even though their Q1 quarter for the 2013 fiscal year looks weak due to a $26.3 million loss, the developer/publisher looks to recover lost ground quickly with a few key titles.

As noted in their financial report, console game sales were really weak, with the only launches in that period being Heroes of Ruin on the 3DS, Risen 2: Dark Waters, and Quantum Conundrum for PC.

There’s oddly no mention of Kingdom Hearts 3D: Dream Drop Distance, despite the sizeable amount of sell-through it had in Japan since releasing there in March, suggesting a drop-off.

Square Enix did note that the Digital Entertainment division had a small success with sales of Dragon Quest Monsters: Terry’s Wonderland 3D on 3DS, browser game Sengoku Ixa, and the mobile title Final Fantasy Brigade. Things will look better as the next fiscal quarter tracks the release of Sleeping Dogs and sales of Dragon Quest X.

Source: Square Enix

McKinley Noble, Contributing Editor
McKinley Noble has been writing about video games for seven years as a blogger and journalist, with each job adding to his painstakingly alphabetized collection of retro gaming memorabilia. When not cracking jokes about the gaming industry, he's a talking encyclopedia when it comes to mixed martial arts and anything MMA related. Follow him on Twitter: @KenTheGreat1. Meet the rest of the crew.

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