Square Enix saw 14% increase in Q1 sales

Square Enix saw 14% increase in Q1 sales

Japanese publishing giant Square Enix saw a 14 per cent increase in net sales.

That's according to the company's financials for the three months ending June 30th, in which the firm reported ¥85.6 billion ($602 million) in net sales. Profit was up 66 per cent for the quarter, bringing in ¥6.3 billion ($44.3 million).

Square Enix's HD Games division – aka console and PC titles – saw an 142 per cent increase in sales year-on-year, clocking in at ¥29 billion ($204 million).

The biggest contributor to this spike in sales was Final Fantasy 16 for the PlayStation 5, though speaking to investors – as reported by Bloomberg – president Takashi Kiryu said that the game had failed to meet expectations. A shocking turn of events for Square Enix.

The company's MMOs saw a 22 drop in sales year-on-year, making ¥11 billion ($77.3 million for the quarter.

PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.