Square Enix made $394 million profit last year, and continues to bang on about the blockchain
pcgamer.comSquare Enix has announced its results for the fiscal year that ended on March 31, 2022, and the take-home message is that it made a lot of money, and a lot of that money is going into the blockchain. The results document shows that the company had sales of ¥365.2 billion (about $2.82 billion) and made a profit of ¥51 billion ($394 million). That profit is just under double what Square Enix managed in the last financial years but even so, interestingly enough, Konami is still more profitable than it.
Among its products Square Enix identified Final Fantasy XIV's Endwalker expansion as performing well, but was fairly muted about the 'HD games' category which included the likes of Babylon's Fall and Outriders. Or as the report puts it, sales «did not reach level seen last year, when we released major titles.» Ouch!
As a brief aside, that slate included Balan Wonderworld: the game that saw Sonic creator Yuji Naka and Square Enix in court, and the famed designer going nuclear in public. Square Enix was asked about this on the Q&A call that followed the results' publication, and merely confirmed the lawsuit and said «it is a game that we recommend with confidence» without further comment.
The text accompanying the numbers went into some detail about Square-Enix's plans for the future which, as well as the traditional parts of its business, are heavily weighted towards investment in blockchain, AI and the cloud, which the publisher calls «focus fields.»
This is no great surprise: Square Enix's president has been banging the drum about the blockchain for a while, and it looks like the company's fully committed.
«Encouraged by the results and feedback from our NFT business, we have decided to produce a second season [of
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