Square Enix Q1 Results – Performing Poor and Missing Targets

Square Enix Q1 Results – Performing Poor and Missing Targets

6 years ago
Anonymous $oIHRkISgaL

https://wccftech.com/square-enix-q1-2019-missing-targets/

The first quarter of the current financial year hasn’t been a good one for Square Enix (TYO:9684). The Japanese development and publishing house has seen falling sales and operating income on the back of having no new releases and under-performing mobile titles.

In the report published by Square Enix, the figures show just how diminished these results are. For the three months ending June 30th, sales came in at ¥45.4 billion compared to last years ¥57bn. This is a year-on-year fall of 20.2% or ¥11.6bn. Operating income also took a large fall, from ¥12.8bn to ¥4.2bn this year, a YoY fall of 66.9% or ¥8.6bn.