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Square Enix Reports Record Sales of $3 billion.

Earlier this month, Square Enix shared its earnings for the fiscal year of 2020. The company reported that it recorded the highest revenues ever with sales reaching $3 billion. The publisher shared that high sale figures were mostly driven by the release of Marvel’s Avenger and Final Fantasy VII Remake.

In the fiscal year that ends on March 31st, the net sales of Square Enix were reported at $3 billion. This is an increase of 27.6% year over year. Moreover, the operating income also increased by 44% raking up to $429 million. As for ordinary income, it also witnessed a growth of 55.7% which means $456 million.

Square Enix said that the increase in digital sales was considerably up when compared to last year. This upward trajectory was due to the launches of Marvel’s Avengers and Final Fantasy VII Remake. Net sales, when compared with last year, are up 40% year over year at $2.4 billion. The operating income also increased by 43% year over year at $456 million.

[novashare_tweet tweet=”For the 12 months ending on March 31, 2021, the company reported net sales of $3 billion, which is up by 27.6 percent year-on-year. Operating income has increased to $429 million, up 44 percent, and ordinary income has risen to $456 million, an increase of 55.7 percent.” cta_text=”Square Enix Reports Record Sales of $3 billion” hide_hashtags=”true”]

Although the report seems promising Square Enix also reported losses in its amusement side of the business. The company’s amusement segment was shut down temporarily in Japan due to the global pandemic. The closure resulted in a decrease of sales by 25% year over year raking up only $310 million.

As for the current year, Square Enix predicts net sales of $3.1 billion; an increase of 2% year over year. Moreover, it also forecasts the operating and ordinary income to reach $365 million; a growth of 15% and 20% respectively.

With COVID-19 restrictions being softened gradually, the amusement segment will improve in the coming year. As for net sales, Square Enix should plan to launch a couple of big titles to further increase sales numbers. Stay with us for more updates on the gaming industry.

 

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Reinout te Brake - Video Games Consulting 2021

Reinout te Brake – Video Games Consulting 2021

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Reinout te Brake

In a career spanning across 20+ years, Reinout te Brake has raised over 100+ Million Euros in Fundraising for a diversity of companies and has worked with several venture capitals firms. Helping gaming companies expand their brand reach, get the right story telling and make an impact on a global scale. Reinout te Brake has had the honor to counsel some of the major gaming companies operating on a global scale. For the last 12 years, he has devoted his major focus towards the niche of gaming consultancy to provide his insight and expertise to help gaming companies reach outstanding financial and business results.