S-E slashes profit forecast, blames Gyrozetter, Sleeping Dogs, and social gaming

Square Enix IR reports issued today cut their FY2013 net profit forecast from ¥9bn to ¥3.5bn, along with a drop in expected total sales from ¥16.5bn to ¥15bn. The profit forecast was already flat for the first half due to heavy expenditures on Final Fantasy XIV 2.0, but a weak Gyrozetter launch (according to a Nikkei article, arcade softness was responsible for almost ¥4bn in losses), disappointing legs on “a major HD title” (almost assuredly Sleeping Dogs), and an unspecified delay in social gaming are cited as the reasons for a ¥5.4bn loss in the first half and the significant cut to whole-year forecasts.

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: