Square Enix to File For Bankruptcy? Earnings Down 91%, Final Fantasy XIV to Blame

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 7 years ago '04        #1
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The Go 2 Guy 31 heat pts31
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Square Enix to File For Bankruptcy? Earnings Down 91%, Final Fantasy XIV to Blame
 

 
Square Enix to File For Bankruptcy? Earnings Down 91%, Final Fantasy XIV to Blame.


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 Square Enix Reduces Earnings Forecasts by 91%



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It seems last week's Final Fantasy XIV kerfuffle had even more fallout than we thought. In an announcement on the company's official corporate site today, Square Enix drastically reduced its earnings forecasts for the remainder of the fiscal year from 12 billion yen (approx. $142.4 million USD) to just 1 billion yen ($11.9 million) - a decrease of 91.7%

In explaining the move, the company cited the delay of Deus Ex: Human Revolution as well as Final Fantasy XIV failing to achieve "the level of customer satisfaction that fans of our FINAL FANTASY franchise have come to expect." The delay of the PlayStation 3 version was also a factor, as it will almost certainly come out after the fiscal year ends in March 2011.

Only one month ago the company revised its figures for the first half of the fiscal year to reflect "relatively slower growth" of new game sales. While these numbers all look bad in comparison to last year's, it's worth pointing out that 2009 was a record year for Square Enix. Still, at least one Japanese blog is calling this "the beginning of the end."

77 comments for "Square Enix to File For Bankruptcy? Earnings Down 91%, Final Fantasy XIV to Blame"

 7 years ago '04        #2
ruff 6 heat pts
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Time to buy stock.
 7 years ago '05        #3
nahsuhmeanz 
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 7 years ago '04        #4
Da Ill One|M 4602 heat pts4602
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Guess they should bring more games out instead of banking on the same one...

how about instead of making new wack Final Fantasies every year... you bring out a new Sword of Mana for next gen consoles... or here's a thought how about you put out Kingdom Hearts III you f**king lazy sons of b**ches...
 7 years ago '08        #5
AyeDre 13 heat pts13
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Kingdom Hearts III would bring them out the dumps. Although the only Square Enix game i liked was FFX
 7 years ago '05        #6
JaiMega 
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Damn they f**ked up. Nobody liked XIV
 7 years ago '09        #7
ShadyVsEminem 244 heat pts244
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Never could get into the Final Fantasy games at all,iv tried a few from 7 upwards but just not my thing at all.Never usually nice to see s**t like this happen though
 7 years ago '04        #8
A.G 27 heat pts27
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Good riddance to the s**tty a.ss Final Fantasy series, wack a.ss Square Enix and their gay fanboys.
 12-16-2010, 05:52 PM         #9
Kuchiki_Byakuya 
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Serves them b**ches right.
 12-16-2010, 05:52 PM         #10
DEE JAY 
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 AyeDre said:
Kingdom Hearts III would bring them out the dumps. Although the only Square Enix game i liked was FFX
Also a FF7 remake.
 7 years ago '04        #11
Rufus The Stunt 
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They know exactly what they need (and probably will) do...the people have already told them what they're willing to put their money into
 7 years ago '04        #12
The Go 2 Guy 31 heat pts31 OP
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stop making kingdom of hearts for psp only and push it more towards console owners such as PS3. we all know piracy has a big impact on the psp and it's harder to bootleg a game on a ps3, so release it on ps3 and problem solved. but yeah, the last ff they made didn't sell too well either lol
 7 years ago '08        #13
AyeDre 13 heat pts13
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 DEE JAY said:
Also a FF7 remake.
I would agree but for some reason I feel like they would f**k it up.



if they didn't change ANYTHING then I would be fine with it. Just up the graphics...add s**t to gold saucer then I would be cool.

Remake 8-9 too. Them s**ts were dope too
 7 years ago '04        #14
Liquid-Science 28 heat pts28
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 akademiks said:
Good riddance to the s**tty a.ss Final Fantasy series, wack a.ss Square Enix and their gay fanboys.
I concur

 7 years ago '05        #15
PhrozenMenace 
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 Kuchiki_Byakuya said:
Serves them b**ches right.
fa sho
 7 years ago '05        #16
Bigrel 7 heat pts
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 Tsukuyomi said:
@intoxicated

oh and let the PSP die even faster? Nah dude... I'm not even into rpg games like Final Fantasy or Kingdom Hearts but if the PSP gets more exclusives with those names, at least that's more software sales for the PSP. It's pretty weak in America anyway...

I'd take a PSP over a ps3 anyday...

 7 years ago '04        #17
GoSensGo 13 heat pts13
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Serves 'em right.. They're becoming the new EA..

Final Fantasy XIII was a disaster.. The first time I ever quit an FF game in my life..

s**t, you see all the deals they've had on the game lately? You can buy it for less than $20 and it hasn't even been out a year..
 12-16-2010, 10:46 PM         #18
Chopzilla 
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 akademiks said:
Good riddance to the s**tty a.ss Final Fantasy series, wack a.ss Square Enix and their gay fanboys.
 7 years ago '05        #19
Bigrel 7 heat pts
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o, i have em both and i hardly ever touch my psp. the graphics are fed for a handheld but its more comfortable for me to look straight at the tv then look down at the psp for two or three hours
 7 years ago '08        #20
606robin 24 heat pts24
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FF7 (Remake) & Kingdom Hearts 3 an you got a deal

s**t them games go hard
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