Square Enix achieves "record-high" financial results for FY 2017

Square Enix has released its financial results for fiscal year of 2017 (ended March 31, 2017) and it’s filled with promising numbers.

Here’s the gist:

Looking at the above table, the results show that Square Enix saw a whopping 20% increase in its net sales compared to last fiscal year, with operating income and ordinary income also seeing a 20.3% and 22.9% increase respectively.

The company claims the launch of blockbuster series titles such as Final Fantasy XV and Rise of the Tomb Raider (PS4 version) were the driving forces for the favorable results as well as “strong” download sales of previously released catalogue titles which led to a notable increase of net sales and operating income in the area of console games.

Smartphone titles such as Final Fantasy Brave Exvius and Kingdom Hearts Union χ also saw a strong performance.

As for the company’s MMORPGs (Final Fantasy XIV and Dragon Quest X), revenue has shown “steady performance”, but its net sales and operating income declined significantly compared to last fiscal year due to the absence of an expansion release.

Under the company’s “Consolidated Forecast” section, Square Enix described the console game market in North America and Europe as “competitive and oligopolistic” which is another way of saying it’s tough as nails and only the best of the best can reign supreme.

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