Square-Enix released its financial report for the last nine months of 2018 on Wednesday (20). The company does not have good numbers compared year on year, with the performance of games like Shadow of the Tomb Raider and Just Cause 4 less than expected. However, Kingdom Hearts 3 broke expectations with 5 million units sold worldwide. The company still promised "new ads for E3".
Which gives
In general, figures presented by President Yosuke Matsuda, in the nine months, the company had net revenue of ¥ 8.9 billion, down 60.1% over the previous year.
One of the main sectors with declining revenue was exactly the digital entertainment industry. The company sold ¥ 130.4 billion, down 13.1 billion yen from 2017.
"The HD games segment saw net sales growth in the years thanks to the release of major titles such as Shadow of the Tomb Raider------- - --- ---- ------and Just Cause 4 . However, operating revenues fell due to the high amortization of development costs and increased spending on advertising, "the report said.
The director was clear in saying that Just Cause 4 "sold fewer copies" than expected at the release. About Lara Croft's game, executives pointed out that there was a weak start, but sales improved over time. However, that was not enough. The explanation would be that "the players chose to buy the game after several other major titles that were yet to come out," analyzes the executive.
The MMO sectors, with Final Fantasy XIV and Dragon Quest X ; as well as the games for smart devices also operated below expectations, according to the document.
The curious thing is that the only segment of the company that still presented better numbers was the publication, with comics. The company had operating revenue of ¥ 2.8 billion in the period, increasing by ¥ 1 billion compared to 2017.
According to the director, sales of physical comics remained in the period, while the number in digital versions still increased, helping in the industry.
Future
On account of the weak numbers in 2018, the company said it should improve now at the beginning of the year. For the fourth fiscal quarter, ending in March, the numbers should be leveraged by the success of Kingdom Hearts 3 and Romancing SaGA Re; the universe , released in December.
Both titles are selling well, and Kingdom Hearts 3 "has already hit the mark of 5 million units," reports the company.
When asked questions and answers, the company spoke about new releases. Asked about the games that may appear in the second half, the directors said there will be news for E3. "We can not give too many details yet, but I think we can make a lot of announcements for E3 this year," the director said.
Square-Enix's full report is available on the company's website.
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