Square Enix enjoys H1 profits jump

Square Enix has reported a 13.9 per cent percent rise in profit for the first half of its fiscal year ending March 31st, 2009.

Net income jumped to six billion Japanese Yen ($61.8 million) on slightly decreased revenue, compared to 5.2 billion ($53.2 million) during the same period in 2007.

However, company revenues were down 5.9 per cent to 68 billion Yen ($693 million), compared to 72.3 billion Yen ($737.4m) in 2007. Sales in Japan rose slightly from 84 to 86 percent, with North America comprising seven per cent, Europe six per cent, and other regions one per cent.

According to the publisher, its Dragon Quest V DS remake moved 1.15 million units in Japan alone since being released in July 2008.

Other software sales for the six-month period include Crisis Core: Final Fantasy VII for PSP (620,000 units and 1.92 million lifetime sales), Final Fantasy IV for DS (440,000 units and 1.04 million lifetime to date), Infinite Undiscovery for Xbox 360 (410,000 units), Final Fantasy Tactics A2 for DS (320,000 units, and 620,000 lifetime to date), Dragon Quest IV for DS (260,000 units and 1.42 million lifetime to date), and The World Ends With You for DS (160,000 units and 370,000 lifetime sales).

Square Enix predicts that its profits will jump 23.4 percent to 12 billion yen ($122.4 million) for the full fiscal year, significantly increased from 9.2 billion yen ($93.8 million) in its previous fiscal year.

Revenues are expect to rise 7.8 percent to 160 billion yen ($1.6 billion), up from 147.5 billion yen ($1.5 billion) in 2007 – but software sales for the full year will decrease from 14.4 million to 11.5 million.

Thanks to GamaSutra.