Tuesday , September 27 2022

Enik's financial report reveals a loss of $ 33 million


square report on the financial report

Japanese publisher Skuare Enik has just announced that he suffered what he called "an extraordinary loss" of 3.73 billion yen, or about 33 million dollars. In addition, the numbers were in the whole company, including sales and profit. The loss occurred during the six-month period that ended on September 30, 2018.

The incredible loss is attributed to the newly founded Luminous Productions, which Skuare Enik opened in March 2018. Final Fantasy KSV director Hajime Tabat leads a studio in Tokyo. The restructuring of the Luminous species led to a re-focus on "great, high quality AAA games that best affect [Luminous’] strength. "However, this move led to this powerful financial blow.

Unfortunately, Skuare Enik shared a lot of bad news. Net sales decreased by 15%, and profits decreased by 50%. This is despite some big profiles, such as the Nintendo Swatch-Eclusive Octopath Traveler, who debuted on the charts of the NPD July 2018. However, Shadow Tomb Raider, which was released just one week after the sale Marvel's spiderman, it started slowly. September 2018 Dragon Kuest KSI: The Echo of the Unhealthy Age, which has passed four million sold products worldwide.

Despite this loss, the company remains optimistic about its prospects. It projects a total net sales of about 270 billion yen, or about 2.39 billion dollars, for the fiscal year. That would actually be an increase of 7.8% compared to the previous year.

There are definitely some exciting projects on the horizon. Highly anticipated Kingdom Hearts III it falls in January 2019. Before that, Just Cause 4 will be a parachute in December 2018. In addition, Final Fantasi VII Remake still appears, although the release date is unknown.

[Source: GamesIndustry.biz]

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