comeWell it’s not without its problems. Square Enix The past few years have given us a fantastic catalog of games. However, it appears that not all projects are meeting their financial expectations, as a new report has revealed The Japanese company recorded record losses in the financial sector.
According to Bloomberg reporter Takashi Mochizuki, Square Enix has announced an overhaul of its large-scale games development line, That would result in a record loss of ¥22.1 billion yen. This suggests that some key projects of the company did not turn out to be the expected success.
Square Enix: Resolved to review HD game title development policy, review pipeline of titles under development, and is expected to record an extraordinary loss of 22.1 billion yen in the fiscal year ending March 2024 as a result. pic.twitter.com/9WxMGiNTxC
— Takashi Mochizuki (@6d6f636869) April 30, 2024
Foamster An example of a game that may be partially responsible. It’s a game as a service, that a lot of money was invested in and is still supported. However, the public reacted negatively to this PlayStation exclusive, and The number of active players is low, It’s becoming a wound that won’t stop bleeding for Square Enix.
However, this will not be the only problem. Final Fantasy VII Rebirthwhich also had an expensive development time, did not meet Square Enix’s expectations, and Reports indicate that the title has sold just over two million units in just over a month since its launch.That generated by that will be placed below Final Fantasy VII Remake y Final Fantasy XVI.
Although Square Enix did not specify what steps it would take to avoid similar reports in the future, Some projects may be significantly reduced in scale. A title not affected by this would be Philosophy of mindA title that will be available this summer, although the same cannot be said for projects like the third part of its remake. Final Fantasy VII.
We can only wait to see what happens with Square Enix in an industry we’ve already mentioned in the past, Its high-level production is becoming unstable. On a related note, the Square Enix game returns to the Switch Shop. Similarly, the company talks about remakes Chrono trigger.
Author’s Note:
No layoffs yet, but Square Enix may resort to this terrible practice if things continue this course. It is obvious that the development cost of their games is high, so the sales expectations are also high and somewhat difficult to achieve.
Through: Takashi Mochizuki
