Square Enix has shared their financial results for the fiscal year ended March 31st, 2018. With a chart of the digital entertainment segment, we are provided a look at how well the company performed and what the company has planned for the future.
The chart above compares the company’s net sales and operating income for the fiscal year ended March 2018 to the previous four years. And while net sales declined because of a decrease in the number of new blockbuster titles compared to fiscal year 2017, Square Enix saw a strong performance in digital sales that resulted in an increase of operating income.
The major titles that were released in the fiscal year ended March 31, 2018, were Final Fantasy XII: The Zodiac Age, Dragon Quest XI, Fortune Street & Final Fantasy 30th Anniversary, Dissidia Final Fantasy NT and Final Fantasy XV Royal Edition.
The second chart showcases that, because of the increased revenue of digital sales, the operating income margin of HD business improved greatly compared to the previous fiscal year.
The chart also shows some of Square Enix’s plans for the current fiscal year, which ends March 31, 2019. The showcased plans are:
- Expand our IP portfolio through major releases of existing and new IPs, and further improve profitability by digital sales.
- Expect an increase in revenue in FY2019/3 thanks to the launches of multiple blockbuster and mid-sized titles.
Located on the bottom of the chart is the already announced titles scheduled to release in FY2019, which include: Octopath Traveler which is set to release July 13th 2018, Shadow of the Tomb Raider on September 14th 2018 and the long awaited Kingdom Hearts III, which is still scheduled for a 2018 release.
Square Enix has announced with a press release that some changes are being made to its executive team.
The following list of Executive Officers have been appointed to the position of Director and Executive Officer at Square Enix, allowing them to enter the company’s board of directors. The list below, provided by DualShockers, reveals quite a few familiar faces, all of which will be starting their new positions on April 1st.
The list includes:
- Yoshinori Kitase (Final Fantasy VII Remake and Final Fantasy Brave Exvius Producer)
- Yosuke Saito (Dragon Quest series and NieR Automata Producer)
- Michihiro Sasaki
- Hirokazu Nishikado
- Shinji Hashimoto (Final Fantasy and Kingdom Hearts Brand Manager)
- Yu Miyake
- Naoki Yoshida (Producer and Director of Final Fantasy XIV)
- Kazuharu Watanabe
Yosuke Matsuda remains the as Square Enix’s President and Chief Executive Officer. Executive Vice President Keiji Honda and Yukino Chiba have decided to retire as of March 31st. In addition to this, Hideaki Sato and Motoharu Mitamura have been appointed as Executive Officers.
According to DualShockers, Square Enix introduced its system based on Executive Officers back in 2015. The board of directors has been revised in accordance with the changes of the current age and to further strengthen Square Enix’s business foundation.
Yuki Naka, a mastermind behind multiple Sonic the Hedgehog titles, Phantasy Star, Nights into Dreams and more, has announced on his twitter today that he has officially joined the Square Enix team as of this month and will be working in game development.
His tweet reads:
“Just a quick note to let you know, I joined SQUARE ENIX in January. I’m joining game development as before, and strive to develop games at SQUARE ENIX. I aim to develop an enjoyable game, please look forward to it.”
At this time there are no official announcements of what type of games Naka will be developing for Square Enix.
Square Enix has announced through their official website a new initiative to open up a new Square Enix Cafe location in Shanghai. Due to the popularity of the cafes in both Osaka and Tokyo they have decided to open up a new location. This will be their first cafe outside of Japan, making it a flagship shop while working to improve and expand this initiative.
This new location is scheduled to open this winter and will provide a unique “changing” theme along with the sale of official Square Enix goods. The first theme of the cafe upon it’s opening will be Final Fantasy XIV, Square Enix’s popular MMORPG. Themed drinks, food, and goods will accompany the launch of this new location.