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Square Enix Lowers Financial Outlook

November 1, 2012 | Posted by Adam Larck

Slower sales have caused Square Enix to project lower sales for this fiscal year.

The company expects the next six months, from Oct. 1-March 31, 2013, to have expected sales of $763 million, down from $952 million. Projected net income is also now expected to be a $65 million loss. It was previously expected to break even.

The drops are due to “sluggish sales” or new arcade machines and “sales of a major HD game title have been growing at a slower pace than expected.” The game they mention appears to be Sleeping Dogs, which is disappointing considering how enjoyable the game is.

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Adam Larck
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