Company-wide restructuring and increased game sales lead to profitable six months
Square Enix has revised up its financial forecasts for the six months ending September 30th thanks to better than expected sales of Final Fantasy XIV: A Realm Reborn.
The MMO - a remake of the original Final Fantasy XIV Online - has garnered more than 1.5 million subscribers since its release in August.
The publisher also noted that its wide-ranging cost reduction efforts, as well as an upsurge in sales of arcade game machines and various console titles in North America.
As a result, Square Enix has revised up its sales forecast for the six months ending September 30th from £374m to £391m.
Earnings for the first half of the year were changed from an expected loss of £8.2m to a profit of £16.5m
Despite a better than expected results, Square Enix refused to change its full-year financial forecasts due to the "uncertainties in the second half of the fiscal year".