Sales and profits on the up at Square Enix

Square Enix has released its financials for the six-month period ending September 30, with the Final Fantasy creator announcing that both sales and profits are on the up.

Net sales have increased by 18.1 percent year-over-year, rising from 73.1 billion yen ($594.9 million) to 86.4 billion yen ($702.5 million). Profits also rose by 28.5 percent year-over-year, jumping from 5.7 billion yen ($46.4 million) to 7.3 billion yen ($59.6 million). 

The strong performances of PC and smartphone titles such as Dragon Quest Monsters Super Light, Final Fantasy Record Keeper, and Schoolgirl Strikers, helped boost sales in Square's digital entertainment segment - which houses its video games division - by 37.5 percent. 

According to Square, MMOs Final Fantasy XIV and Dragon Quest X have also been making "favorable performances", although repeat sales of console titles have waned since last year. 

Overall, sales in the digital entertainment segment totaled 60.2 billion yen ($490 million), while operating income increased by 62.9 percent to 12.9 billion yen ($105.1 million). 

As it stands Square Enix is on target to meets its forecasts, with the company expecting to see sales of 200 billion yen ($1.6 billion) and profits of 11 billion yen ($89.5 million) when this financial year draws to a close.