Square Enix’s New Medium-Term Business Plan Involves Multiplatform Releases, Better Allocation of Development Resources
Square Enix has announced a new business plan. Over the course of the next three years, the company is going to start “foundation-laying for long-term growth,” according to its recent earnings report. The business plan, apparently going into effect this year, will be in effect until the fiscal year ending on March 1, 2027.
In detailing the plan, Square Enix has revealed that the business plan revolves around four core pillars that will act as plans of action: optimizing development of digital entertainment, strengthen customer contact points, create more foundational stability, and strike a balance between shareholder returns and investment in growth.
Further detailing these pillars, Square Enix reveals that it will be focusing on releasing games that deliver on the premise of “fun”. Square Enix also seems more keen on expanding on its publishing business, as well as shifting to a multiplatform release strategy and stepping up its digital sales. This potentially means that we’ll see fewer console-exclusives as the years go on.
Square Enix will also be earmarking a maximum of 100 billion Yen for investments over the three-year period, with 20 billion yen being earmarked for share buybacks for one year. This potentially will allow Square Enix to invest more resources into more interesting video game releases going forward.
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