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Square Enix Reports Lower Sales but Growing Profits in Financial Results

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Square Enix announced its financial results for the first nine months of the fiscal year, related to the period between April and December 2025.

The results pretty much consolidated what Square Enix reported for the first half of the fiscal year.

Net sales for the company as a whole were 215,455 million yen (down 13.3% year-.on-year), while operating income was 46,387 million yen (up 39.0% year-on-year).

Looking at the Digital Entertainment business, which includes video games, net sales were 122,356 million yen (down 23.7% year-on-year), while operating income was 35,519 million yen (up 28.3% year-on-year).

Going deeper into the breakdown, HD Games, which include non-MMO, non-free-to-play games for consoles and PC, recorded 50.1 billion yen in sales, down from 60 billion yen.

Operating profit grew to 12.8 billion yen from 4.6 billion. This higher profit was driven by “steady” sales of new games and higher sales of games from previous fiscal years.

MMOs dropped across the board (sales down to 30.4 billion yen from 44 billion yen and operating profit down to 11.9 billion yen from 17.3 billion yen) due to the comparison with the year in which Final Fantasy XIV’s expansion Dawntrail was launched.

Smartphone games had their sales drop from 56.3 billion yen to 41.7 billion yen, while operating income grew from 5.6 billion yen to 10.7 billion yen. This was due to “improved profitability stemming from diversification of payment methods.”

Square Enix also changed its forecast for the full year. Specifically, the forecast for operating income (profits) was increased from 41 billion yen to 49 billion yen, while the prediction for sales was left untouched at 280 billion yen.

If you’d like to compare these results with historical data, you can read our report about the past quarter, based on data released in November.

Other gaming companies have already announced their financial results this quarter, including Koei TecmoCapcom, MicrosoftKonami, Nintendo, and Sony. You can expect more reports on this topic in the coming days and weeks.

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