Square Enix Game Sales Down 12.2% Despite Multiple High-Profile Releases

But forecasts predict a rosier year ahead.

Square Enix has released its financial results for the fiscal year ended March 31st, 2023, and although the company has released several high-profile games over the course of the year, including Octopath Traveler II, Crisis Core -Final Fantasy VII- Reunion, and Live A Live, sales for its Digital Entertainment (i.e. console games, MMOs, mobile games) sector fell by 12.2% from 279.6 billion JPY to 245.5 billion JPY.

Overall net sales for the company also decreased by roughly 6% from 365.2 billion JPY to 343.2 billion JPY. All told, it’s a relatively minor drop and doesn’t appear to have had any major impact on the company’s share price, which currently stands at 6,750 JPY, its highest level since November 2022.

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