Sales down, but Square Enix returns to profitability in latest quarter
Revenue flat, but bottom line stablised
The last nine months have been deceptively kind to Square Enix, following a tempestuous 2013.
On one hand, net sales for the nine-month sales period ending 31 December 2013 were flat, at a reported ¥102.5 billion (just over $1 billion) - down 0.3 percent year on year.
The big turnaround came in its ability to manage its losses, however. Operating income grew from a loss of ¥4.9 billion ($48 million) in 2012 to a profit of ¥7.82 billion ($77.23 million) in 2013.A company reborn
Overall, Square Enix's net income for the nine-month period grew ¥10.9 billion ($107.6 million) from a ¥5.7 billion ($56.3 million) loss in 2012 to a ¥5.18 billion ($51.15 million) profit in 2013.
Although it did not mention the western mobile market specifically in its financials, Square Enix noted particularly strong performance of Kaku-San-Sei Million Arthur - a social card battling RPG based loosely on Arthurian legends - in Taiwan, mainland China, and Korea.
Despite this strong performance in Asia, Square Enix attributed much of its increased financials in 2013 to "strong" console game sales in North America.
It also pointed to the turnaround success of its second MMORPG Final Fantasy XIV: A Realm Reborn noting that its sales and operation "have been making favorable progress".
[source: Square Enix]