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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 Forbes-Calvin is a freelance writer and photographer, mostly operating within the games industry. Over his career, he has written for the likes of MCV, Eurogamer, GamesIndustry.biz, The Observer, VGC and Esquire. That's on top of writing books for Dark Horse on RuneScape, Assassin's Creed, Dead Island 2 and more.