Square Enix expects to recognize extraordinary losses of 22.1 billion yen in “content abandonment losses” for the fiscal year ended March 2024, the company announced.
The Board of Directors voted to “revise the Group’s approach to the development of high-definition (HD) games with the intention of being more selective and focused in the allocation of development resources.” The losses are a result of this revised approach.
Get the full announcement below.
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