As Square Enix posts a swing to significant losses for the last fiscal year, the company has blamed the “increasingly competitive and oligopolistic” console game markets in North America and Europe. …
Oligopolistic console business to blame for Square Enix losses
May 13, 2013 by Leave a Comment
Konami reports year-over-year losses, strength in social games
May 9, 2013 by Leave a Comment
Konami has released details of its financial performance in the fiscal year ending March 31, 2013, reporting sizable year-on-year losses in its digital entertainment and pachinko divisions but growth in its social gaming sector.
Company product sales and service revenue for the year amounted to ¥226 billion ($ 2.4B), down 15 percent from its earnings of ¥266 billion last year. Net income sank to ¥13.2 billion ($ 140M), a decrease of 42.8% compared to last year’s reported income of ¥23 billion.
Konami saw its largest losses in the pachinko sector, in which revenue fell more than 70 percent compared to last year. The company’s Digital Entertainment division reported a loss of 17.1 percent in year-on-year revenue, though solid worldwide performances for titles like Pro Evolution Soccer 2013 and Metal Gear Rising: Revengeance boosted earnings.
Konami’s finances are buoyed by the success of Metal Gear Solid Social Ops and another popular online game, Dragon Collection, which it operates in partnership with Japanese social networking service GREE. Konami’s social games currently boast more than 35 million registered users worldwide.
Konami reports year-over-year losses, strength in social games originally appeared on Joystiq on Thu, 09 May 2013 17:30:00 EST. Please see our terms for use of feeds.
Huge Square Enix losses were a sign I should move on – Yoichi Wada
April 9, 2013 by Leave a Comment
“The huge loss was like a voice from the heavens telling me it’s time to move on.” – former Square Enix president Yoichi Wada explains why he is stepping down from his management role at the Japanese publisher. …
Square Enix still struggling to recoup its Sleeping Dogs losses
February 5, 2013 by Leave a Comment
Square Enix admitted today that it is “struggling” to recover from the huge losses that it posted earlier in the current fiscal year — although the company forecasts a swing to profits before the fiscal year is up. …
Sega cuts video game losses by streamlining business
November 2, 2012 by Leave a Comment
Sega Sammy today reported reduced revenues and profits for its second fiscal quarter, due mainly to poor amusement machine and pachinko sales — although its video game business continued to benefit from streamlining. The company’s consumer business, which houses its video game business, saw a heavy reduction in losses, thanks to streamlining that saw a reduction in the number of titles the company released. The company noted its continued efforts to adapt to the changing …
Take-Two reduces losses as Borderlands 2 ships 5M
October 31, 2012 by Leave a Comment
Take-Two Interactive today reported reduced losses for the last quarter, while reducing its financial outlook for the full fiscal year to reflect its revised release schedule. Borderlands 2 in particular helped the company move towards profits, shipping over 5 million units to date, while NBA 2K13 sold through 49 percent more units than the franchise’s previous best-seller NBA 2K11. Take-Two also noted that other new releases like XCOM: Enemy Unknown and DLC for Borderlands 2 …
Take-Two reduces losses as Borderlands 2 sells 5M
October 31, 2012 by Leave a Comment
Take-Two Interactive today reported reduced losses for the last quarter, while reducing its financial outlook for the full fiscal year to reflect its revised release schedule. Borderlands 2 in particular helped the company move towards profits, selling over 5 million units to date, while NBA 2K13 sold through 49 percent more units than the franchise’s previous best-seller NBA 2K11. Take-Two also noted that other new releases like XCOM: Enemy Unknown and DLC for Borderlands 2 …
Slow start for Square Enix with Q1 losses
August 7, 2012 by Leave a Comment
While Square Enix’s latest financial results reveal a swing to losses for the company, it is relying on big video game hits for the rest of the fiscal year to swing the tide back in its favor. The company’s Digital Entertainment sector, which houses its video game development and distribution, reported weak console game sales for the quarter ended June 30, 2012, although it noted that sales of Nintendo 3DS remake Dragon Quest Monsters: Terry’s …
Sega Sammy sees losses in gaming sector, StarHorse3 sales continue unabated
July 31, 2012 by Leave a Comment
Sega Sammy Holdings is a massive, ginormous company; one with more fingers in more entertainment pies than you can shake a stick at, to mix our metaphors. It makes everything from pachislot machines to whatever “StarHorse3 Season Ⅰ A NEW LEGEND BEGINS” (above) is, but what we’re most interested in are, you know, video games. Specifically, how Sega Sammy’s “Consumer Business” segment did during the first quarter of this fiscal year.
Not great, as it turns out, but not as not great as last year. The Consumer Business division posted an operating loss of ¥1.559 billion for the three month period ending on June 30, but that’s actually up 59 percent from the ¥3.856 billion loss reported for the same period last year. Consumer Business shipped a total of 1.3 million units during Q1, with more units shipping to Europe (700,000) than to the US, Japan and elsewhere combined (400,000 and 230,000 respectively).
Sega Sammy on the whole, however, is doing pretty well, ending the quarter in the black to the tune of ¥2.544 billion — a massive increase over the ¥2.224 billion loss the company reported last year. Honestly, we think it’d do wonders for Sega Sammy’s bottom line if they’d start selling those convertible horse racing loveseats on their own, or license out the design to movie theaters.
Sega Sammy sees losses in gaming sector, StarHorse3 sales continue unabated originally appeared on Joystiq on Tue, 31 Jul 2012 13:30:00 EST. Please see our terms for use of feeds.
Nintendo’s losses narrow as 3DS margins improve
July 25, 2012 by Leave a Comment
Nintendo was not able to turn its business around last quarter, posting notable (but reduced) losses. The company admitted that, while sales of the Nintendo 3DS were “robust” in Japan, global 3DS hardware sales only reached 1.86 million units during the quarter, boosting the total number of 3DS handhelds sold up to 19 million. Nintendo is confident in the performance of the handheld for the rest of this fiscal year, however, forecasting that the 3DS …