Square Enix Sees Increased Profits Despite Deflated Sales (DS)

While sales saw a mild plunge of nearly 10 percent, profitability was up a hair year-over-year. Every division and region had decreased sales, save in North America where The World Ends With You helped the company's returns.

by David Radd on Thursday, July 31, 2008

Square Enix today released the results for the fiscal period ending June 30. The Japanese publisher reported that sales had fallen nearly 10 percent year-on-year to 29.77 billion yen ($275.9 million). Despite the decrease in sales, profits were up to 2.883 billion yen ($26.7 million) in Q1 2008 compared to 2.739 billion yen ($25.3 million) in Q1 2007.

The offline gaming division saw the biggest hit at Square Enix, seeing its sales drop from 9.416 billion yen ($87.2 million) last year to 5.082 billion yen ($47.1 million) this year. Sales in the Japan region, far and away the most important for the company, fell over 4 billion yen to 25.925 billion yen ($239.2 million). North America sales actually saw a slight upturn to 2.639 billion yen ($24.3 million) compared with 2.571 billion yen ($23.8 million) during the same time last year.