Square Enix Expects Profit Drop - More Portable Games + KH2 Sale!

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Published on May 24, 2007 @ 11:11 am

Written by monkeybutt

How's it going? I am still trying to do some great daily updates, and it's working quite well for me; there seems to always be something going on with Square-Enix. Two things for now, the first is a press release from Square-Enix concerning profits, and an interesting bit on portables. You may read that below. Thanks to GoNintendo for the info!

Square Enix Co. today announced a 68 percent rise in annual operating profit due much in part to strong sales of Final Fantasy XII for the PlayStation 2. All the same, the company announced predictions of a 19 percent drop in annual profit through March 31, 2008, causing shares to descend to 11.2 percent ending at 2,885 yen on the Nikkei 225.

The company is attributing the potential drop in profits due in part to the fact that the majority of upcoming software is planned for release on portable machines, which are generally known to carry a much lighter price tag than their home console counterparts.

For the year ended March 31, Square Enix saw an operating profit of 25.92 billion yen, while sales rose 31.3 percent ending at 163.47 billion yen.

This just further confirms the high possibility that the next Kingdom Hearts game is indeed coming to a portable, but we'll have to wait untill the Tokyo Game Show to be sure.

[Discuss Square Enix in KHInsider Community Forums]

And a heads up, for the week of 5/27, Circuit City will have a sale for Kingdom Hearts 2, for only $9.99. It is expected it will sell out very very quickly. You can't beat a bargain like that!

PS: Anyone else really excited for the new Pirates movie?

Comments below!