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Nirolak · May 12, 2011

Update:

Since this seems to be the more pertinent thread for this discussion, Square Enix is reallocating their funds around.

This chart doesn't quite make sense given the title though:

Original:

Courtesy of AndriaSang.

Square Enix has shifted their financial expectations from a $12 million profit to a $150 million loss.

They also incurred $55 million loss related to game cancellations.

AndriaSang said:
Square Enix Revises Earnings Forecasts For Major Loss
Losses attributed in part to cancellations as company tightens its selection standards.

Posted on 05.12.2011 at 14:06, by Anoop Gantayat

Square Enix announced revised earnings expectations today. The company says that it will incur a net loss of 12,000 million yen [$150 million] for the previous fiscal year. Its previous forecast from February 3 listed a modest net profit of 1,000 million yen.

The revision is due to extraordinary losses, in part from a "tightened selection standard" for games. This will result in 4.5 billion yen [$55 million] in losses related to development cancellations. A press release announcing the revision did not share specifics beyond this.

The company will also incur a "loss on disaster" of approximately 0.6 billion yen related to the Tohoku earthquake. This is for closures and restoration of amusement facilities.

Source: http://www.andriasang.com/e/blog/2011/05/12/square_enix_earnings_revision/

More at the link.

Original PDF: http://www.square-enix.com/eng/news/pdf/110512.pdf

Takao · May 12, 2011

I wonder what got canned.

probably versus xiii

lol

Bel Marduk · May 12, 2011

Takao said:
I wonder what got canned.

Versus XIII.

lol.

Edit: Wow, beaten by you.

What are SE doing? :/

Nirolak · May 12, 2011

Bel Marduk said:
What are SE doing? :/

Canceling their never ending line-up of bombas to focus on Eidos presumably.

FINALFANTASYDOG · May 12, 2011

Nirolak said:
Courtesy of AndriaSang.

12,000 million yen

4.5 billion yen
More at the link.

Why does he use 2 different numbering types in one article?

12,000 million yen = 12 billion yen

Gun loco was canceled.

SapientWolf · May 12, 2011

Takao said:
I wonder what got canned.

probably versus xiii

lol

Gun Loco.

markot · May 12, 2011

Next time, make an mmo that isnt worst in genre >_<

PuppetSlave · May 12, 2011

Maybe this will force them to actually try to make good games again. Instead of just trying to live on their brand.

BocoDragon · May 12, 2011

"Tightened selection standards"?

This is good news.

duckroll · May 12, 2011

SapientWolf said:
Gun Loco.

Gun Loco did not cost 55 million USD!

Zeal · May 12, 2011

Cancel Versus and I will cancel you, Square.

Nirolak · May 12, 2011

FINALFANTASYDOG said:
Why does he use 2 different numbering types in one article?

12,000 million yen = 12 billion yen

Gun loco was canceled.

That's the way it's numbered in the PDF: http://www.square-enix.com/eng/news/pdf/110512.pdf

EatChildren · May 12, 2011

If they're going to be conservative with budgets I assume a bunch of 3DS titles were cut.

RustyNails · May 12, 2011

Versus is too far in development to be canceled. Cancel FF13-2 instead

Takao · May 12, 2011

FINALFANTASYDOG said:
Gun loco was canceled.

Eh, I liked your post better when it said Mindjack, since let's be honest here, did anyone even know that came out? Nope.

Gamer @ Heart · May 12, 2011

I wonder how much potential profit they lost on FF14 so far.

duckroll · May 12, 2011

RustyNails said:
Versus is too far in development to be canceled. Cancel FF13-2 instead

50 million dollars into development to be exact...

Vamphuntr · May 12, 2011

Takao said:
Eh, I liked your post better when it said Mindjack, since let's be honest here, did anyone even know that came out? Nope.

I also think it had a fairly limited print since I never saw the game anywhere.

vireland · May 12, 2011

Almost 150 Million dollars at current rates. Ouch.

strem · May 12, 2011

Zeal said:
Cancel Versus and I will cancel you, Square.

I stand with you

gundamkyoukai · May 12, 2011

Well i knew they were going to lose money because of the quake.
Then there FFIV wonder how much they lose on that .
SE this gen just take way to long to make consoles games compare to the PS1 and PS2 days.

duckroll said:
50 million dollars into development to be exact...

Duck where did you get that number from ?

Trent Strong · May 12, 2011

Sounds like I won't be getting a Moon Diver 2. Damn it.

Lucentto · May 12, 2011

I wonder if they'll actually make good games now.

Instro · May 12, 2011

Time to break out some FF remakes on the 3DS.

Seraphinianus · May 12, 2011

Takao said:
Eh, I liked your post better when it said Mindjack, since let's be honest here, did anyone even know that came out? Nope.

if it weren't for the zero punctuation review, I'd have no idea

timetokill · May 12, 2011

Versus going multiplatform...

mujun · May 12, 2011

Takao said:
Eh, I liked your post better when it said Mindjack, since let's be honest here, did anyone even know that came out? Nope.

I played it and I'll tell you this, I wish I hadn't. I say that as someone who loves to dig into a B grade game.

cvxfreak · May 12, 2011

Dragon Quest collection to the rescue.

hamchan · May 12, 2011

As long as it wasn't the unrevealed, unannounced TWEWY 2 for 3DS in my dreams that was cancelled I'm fine with whatever!

duckroll · May 12, 2011

timetokill said:
Versus going multiplatform...

No, it's cancelled.

rainking187 · May 12, 2011

As long as Type 0 doesn't get cancelled. I think that's all I'm really looking forwards to from them right now.

RustyNails · May 12, 2011

duckroll said:
50 million dollars into development to be exact...

Well goddamn. Nomura had to cast some serious voodoo magic on Wada to secure that kinda budget. I hope these forecasts act as a whipping tool for them to make quality stuff and not put development of games in a never ending pipeline.

duckroll · May 12, 2011

rainking187 said:
As long as Type 0 doesn't get cancelled. I think that's all I'm really looking forwards to from them right now.

Cancelled in the West.

TacticalFox88 · May 12, 2011

Final Fantasy VII remake canceled confirmed.

LizardKing · May 12, 2011

This is a good thing. I used to be a be a big square fan but they haven't done it for me in a while. They need a shakeup. And I probably get my wish of no more FF mmos.

Dr. Malik · May 12, 2011

duckroll said:
No, it's cancelled.

which frees Nomura to make Kingdom Hearts 3.

markot · May 12, 2011

I think its clear that the Square part of the company needs a huge overhaul... they are so far up their own asses.

timetokill · May 12, 2011

duckroll said:
No, it's cancelled.

Sure but I bet it went multiplatform and THEN they cancelled it

ezekial45 · May 12, 2011

Considering what they've got lined up (Hitman, Deus Ex, FFvXIII, FF Type-0, FFXIII-2, DQ, etc), they'll bounce back just fine.

Still sucks for those losses though.

duckroll · May 12, 2011

Marius_ said:
which frees Nomura to make Kingdom Hearts 3.

Will be announced at E3.

Father_Brain · May 12, 2011

EatChildren said:
If they're going to be conservative with budgets I assume a bunch of 3DS titles were cut.

Getting out the "jump to conclusions" mat?

Chocobo Racing was probably cancelled, though, but who gives a damn.

ULTROS! · May 12, 2011

They probably canceled Chrono Break.

Negator · May 12, 2011

Final Fantasy XIV must have been a disaster for the company. Could it be the second coming of The Spirits Within?

Radogol · May 12, 2011

Ducky is trolling this thread hard. *grabs popcorn*

Troidal · May 12, 2011

So looks like they're canceling ALL Final Fantasy remakes, that's good news to me!

Takao · May 12, 2011

duckroll said:
Will be announced at E3.

Where it will be announced as "Kingdom Hearts: Birth By Sleep 2nd Wave".

lordfroakie · May 12, 2011

KHDDD one of those canned games?

Vamphuntr · May 12, 2011

Negator said:
Final Fantasy XIV must have been a disaster for the company. Could it be the second coming of The Spirits Within?

Is it still free too play (broken) ?

Negator · May 12, 2011

Vamphuntr said:
Is it still free too play (broken) ?

As far as I know, it's still free to play.

Edit: As long as you buy the game, I meant free to play as in no monthly sub.

Nirolak · May 12, 2011

duckroll said:
Marius_ said:

which frees Nomura to make Kingdom Hearts 3.

Click to expand...

Will be announced at E3.

iOS exclusive here we come!

Chaos Rings leads the way to a brighter future.

They even announced a prequel and a sequel to that, which is more than they've announced for other platforms in quite some time.

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Square Enix Major Loss, Cancels Games [Up: Funds Rebalancing]

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