In a revision to the company's financial forecast, game-maker Square Enix has issued a warning of financial losses in 2010. According to Square, the firm has recorded "extraordinary losses" in the last financial quarter of the year, and anticipates a nearly $150 million net loss for the financial year that ended in March. Back in February, Square Enix was projecting a modest profit of 12 million for the year, and now they are projecting a year loss of loss of $148 million.
Some of the blame falls to the recent tsunami and earthquake in Japan that closed "amusement facilities," but some of the losses spring from non-natural-disaster causes.
Part of Square's statement reads: "As a result of introducing a tightened selection standard regarding title lineup to strengthen the revenue base of the Company's digital entertainment segment, project development cancellation and related losses (approximately ¥4.5 billion) are expected."
Back in March, we learned that Square had canceled shooter Gun Loco, but we don't know yet which, if any, announced games or projects Square has canceled. We'll let you know when we know, of course.
If you are hyped to pore over financial statements, check out Square's.
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itsMEdood
First off, STOP all this hate for final fantasy 13. it is not a bad game. square is taking the series into the future and if you are a true ff fan then you'll stay on board. it had great graphics, amazing story, and SUPERB character interaction. i can admit exploration was at a minimum but that doesnt mean it was a bad game :/.
anyway back to the point. for everyone saying to make a KH3...just stop. im a HUGE KH fan but it wont be out till 2014. this next game 'dream drop distance' is the last spin-off/side-story/back-story game. after that then all our prayers will be answered with kh3 :']. and after that there is many games to follow. the series isnt just a trilogy. so thats the deal with KH.
next point is FF. now this i agree with. if they could make a ff7/8 remake and expand on the compilation of ff7. they would get so much profit out of it that their heads would spin. we need to show our undying support of the cult hits that basically boosted the series to god-hood. also, the sequel to ffXIII looked promising from the trailer but after seeing the new male character "noel" and seeing serah actually fighting i lost faith in it. if they took out that bs and focused on lightnings story itd be a great game in the works. so basically we need to put all our power into pressuring square for a ff7/8 remake/expansion.
lastly, squeenix and their fanbase need to push them into expanding on ff hits, more dragon quest console games, and more attention to KH. above all we need to unite as followers of this huge part of our lives as gamers and unite to help out square enix. if we all give more of their games a chance and tell our friends we can rebuild the empire we once hailed as godly.
Jax009
Kingdom Hearts "3" could put some cement in that hole of lost profit. Just an idea worth looking into...maybe sleep on it and "get started" on it in the morning.
Trityler
I hope this provokes SE into working on their more popular series, seeing them as safer investments. Then everyone will win.
Electric_larry
Well, I'm no expert but I think Square spreads themselves too thin. They need to focus on their successful franchises for now. I like that they try to come up with new IPs but....they fail...alot. Maybe if you want more money square you ought to get to work on that final fantasy 7 remake your fans have been begging to give you money for since the last generation of consoles/PC hardware. Stop the spinoffs, make the remake. Also, if there was a kingdom hearts 14 I'm pretty sure people would still be interested in Kingdom Hearts.
NocturnalX
Hopefully Deus Ex will give them some money.
sickbro
Crystal Defenders can be expanded on too. Stop milking it, enix!
TatsuyaDragon
One title: Kingdom Hearts 3!!! I'd buy that game in a heartbeat. I'd buy the limited edition, special edition, collectors edition whatever they put out. Loved KH1&2. They'd get a huge chunk of money back. :D
dalmascus
or they could buy arc the lad, it's a tradional jRPG but has a history
Bynrolan
Square hold the rights to so many games that the fans WANT BADLY to see more of. A new FF Tactics, Kingdom Hearts 3 (Adam's favorite thing to talk about of all time), Chrono Trigger, FF7/8 remakes and part 2's would even work for both, and God knows the catalog of titles is enormous (Breath of Fire not mentioned but available). Stop making MMO's that don't work, FF12/13 that the fanbase is rejecting, games that make NO damn sense in the N. American market (not naming names, but those games know who they are!), and listen to the people who shell out money to you every time you make a game. No one wants to see you end up like Sega, taking a decade to work your way back up to single A title games and bad cross overs.
Also, love the Legends of Dragoon idea, still one of my favorite console RPGs from the PSOne days.
CustosIntusSilentium
It doesn't help when you put out shovel-ware instead of what people want or take a FFXIII size dump on your fan base.
jumpaguy
start working on Kingdom hearts 3 and have it up for pre-order. money problems will be all over
dalmascus
the last rement was one of the worst games i've ever played. the story was great but the gameplay was terrible, and i hate the ff 13 gameplay...it ruined it for me. go classic, or buy legend of dragoon off sony an make an exspation, *forgive my spelling.
Gamerdoogy
Remake FF7 (or 8 or even both!).
Sell on PS3 and Xbox.
I would pre-order the crap out of both of those.
Jaggelus
It's ridiculous that Square can't simply read the millions of forums that has fans clamoring for the Final Fantasy 7 remake on PS3, followed by a much-needed Kingdom Hearts 3. Afterwards it is only prudent to bring forth a remake or "refresh" of Crono Cross, which was one of the best PS1 games of its time, rivaling quite a few FF games. Obviously, we fans are very opinionated but look at the facts: virtually all of us can agree that a FF7 remake on the PS3 will skyrocket Square back to the top... followed by remakes of FF8 and FF9. They keep vomiting FF1, 2, 3, and 4 remakes on the DS or PSP, yet they won't remake the three most classic and loved Final Fantasy games of all time? There's something horrendously wrong with that picture. Perhaps investing in all the absurdity of "advance technology" utilization like we supposedly see in FF 13 and 14 is the much needed wake up call that Square requires to say "Okay, we've screwed up and lost our way. We need pay attention TO THE FANS and not look at what Bethesda, Nintendo, and Microsoft are doing with their games." Think about it, Square: summon the Bahamuts of all investments and time into remaking Final Fantasy 7 on the playstation 3 and we, the fans, can virtually guarantee you that your sales will skyrocket and you will be back on top. Where you belong.
Phantomz
May be this will be a wake up call for Square, listen to fans give them what they want. Bring back FF7, Chrono Tringer games, come on Square CT is in the top 20 games every one wants a sequel to and you dont even try to make money off of thoes titles, you just come up with more games we dont want to play. But then after that Crimson Echoes Crap they pulled I lost respect for Square-Enix shows they dont give crap about the fans, or what they think and want. They did this to them selfs. They need to restructure and get the crap together.
FuzzyLumkins
FF7 remake, or something similar would make me buy a PS3
FuzzyLumkins
FF7 remake please, i'll buy a ps3 just for that.
PASSDEVILDOGG
You lost it by making it on the XBOX and forgeting your roots on how to make games.Played all your games.loved them till FF9 loved FF9 and all the ones befor.
**!!!what hapned to you MAN!!!**
Raisinbman
I want to say FFXIV was more of a failure than FFXIII. Have some perspective, guys.
Rayman9000
thats what they get for releasing FFXIII, ive seen more copies of that game in the used bin than new
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