Square Enix reports its latest half-yearly financial results
Square Enix has released its data for the last half of its financial 2020. The game-maker has reported a total of 31.7 billion yen (~US$307 million) in operating income, although only about 16 billion yen (~$155 million) of that is reported as profit.
The company has attributed this measure of success to revenues made by various areas of its business. They include mobile or browser-based games including Dragon Quest Walk, War Of The Visions: Final Fantasy Brave Exvius and Dragon Quest Tact, the last of which is available in Japan but has yet to launch on Android or iOS worldwide.
In terms of console and/or PC releases, Square Enix claimed that titles such as the (critically panned) Marvel's Avengers game and Final Fantasy VII remake contributed to its net sales and final profits. Merchandising based on its characters and IP also helped its operating income grow year-on-year.
It wasn't all good news for the company in 2H2020, however. Its interests in public amusement arcades in its native Japan suffered thanks to lockdown conditions mandated by the Covid-19 pandemic. On the other hand, sales of its digital publications and e-books "rose sharply" over the same 6 months, possibly for the same reason.