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.
More at the link.
Original PDF: http://www.square-enix.com/eng/news/pdf/110512.pdf
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.
Source: http://www.andriasang.com/e/blog/2011/05/12/square_enix_earnings_revision/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.
More at the link.
Original PDF: http://www.square-enix.com/eng/news/pdf/110512.pdf