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Square Enix Raises Outlook

Representatives from Square Enix raised the company's financial outlook, due to better than expected sales. Projected profits for the half year were increased from ¥9 bil...

Alex Dunne

April 6, 2004

1 Min Read

Representatives from Square Enix raised the company's financial outlook, due to better than expected sales. Projected profits for the half year were increased from ¥9 billion ($83.5m) to ¥19 billion ($176.2m). The increase is primarily due to the success of Dragon Warrior V, which has now sold more that 1.2 million units in Japan. The announcement follows similar good news from Konami yesterday, indicating that although the Japanese market still ails, the top publishers are performing well. Nevertheless, Square Enix has lost considerable value since the two separate companies, Square and Enix, merged last year -- primarily due to poor results from the company’s film division and Digicube retail chain. Source: Polygon.

About the Author(s)

Alex Dunne

Blogger

Alex Dunne is the executive producer of Gamasutra.

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