Income soars at Square Enix

Square Enix has reported a 175.2 per cent jump in net income for nine months ending December 31st 2011.

Total net income for the period hit 5,013m (41.4m). Operating income was up 24.5 per cent at 11,220m. Net sales fell 2.5 per cent, however, to 95,738m.

The publisher now expects a net income of 5,000m for the financial year ending March, which would be up on the 12,043m loss posted a year before.

"During the nine-month period ended December 31st 2011, the Group’s results included increased sales of console games boosted by our major titles, Deus Ex: Human Revolution (Europe, North America and Japan) and Final Fantasy XIII-2 (Japan), as well as continued expansion in fee-based service revenues from growth areas including content for the web, smartphones and social networking services,” president Yoichi Wada stated

As I stated at the start of the fiscal year, we are focusing all efforts on rebuilding the Group businesses toward generating a substantial earnings recovery from the fiscal year ending March 31, 2013 and beyond."

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