Officials from Japanese-headquartered publisher Square Enix have announced that the company has raised its operating profit estimate for the fiscal first half of the year by seven percent – the company’s second upward revision in less than three weeks.
Group operating profits for the six months ending September 30th are now put at ¥9.1 billion ($77.1m), up from the previous estimate of ¥8.5 billion ($72.0m). The previous estimate was itself raised at the end of October by 60 percent, following strong sales of Kingdom Hearts II
in North America and Japan.
According to a Reuters report, the latest increase is attributed to overseas revenues from made-for-DVD movie Final Fantasy VII: Advent Children
, which were previously expected to appear only in the second half of the year’s results.
The company’s full year outlook is unchanged, with forecasts of an operating profit of ¥19 billion ($161.0m) for the year to March 31st, 2006, up 23 percent on the previous year. As a result of this positive news shares in the company rose in late afternoon trading yesterday, up 0.7 percent – above that of the Nikkei average.