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Post by Eorl @ 10:44am 08/11/12 | 6 Comments
Taking to Twitter, former Square Co. boss Hisashi Suzuki has slammed Square Enix, saying that "The merger was a complete failure. There’s no vision for the future." This comes as Square Enix recently announced lowered expectations in their financial forecasts, and revised its expectations for the half-year down nearly 20 percent to ¥61 billion ($766.5 million).

The lowered forecasts come as Square Enix's expectations for Sleeping Dogs sales was much lower than anticipated, with only 1.5 million sales across the board according to GamesIndustry, a title that they seemed to be hoping would return higher profits. The company reported that a loss of ¥5.4 billion ($67.9 million) was expected. Suzuki also pointed out in his tweet that the total value of Square Enix as a publicly traded company is only worth 124 billion yen compared to before the merger when Square was worth 150 billion yen.

Hisashi Suzuki was president for the company Square before they merged with Enix from 2000 to 2002, and he was intimately familiar with the merged company, having served as director at Square Enix from 2003 to 2005. He is now a director at Sega.

Source: Kotaku












Latest Comments
skythra
Posted 12:28pm 08/11/12
*like*
Khel
Posted 12:47pm 08/11/12
Dunno if its really the merger's fault though, even if they'd stayed Square and not merged, they'd just be making Final Fantasy games, and its not like those have been any good recently.
eski
Posted 02:22pm 08/11/12
The lowered forecasts come as Square Enix's expectations for Sleeping Dogs sales was much lower than anticipated, with only 1.5 million sales across the board according to GamesIndustry


Try as I might I can't figure out what this sentence means.
Khel
Posted 02:35pm 08/11/12
They only had $1.5 million in sales from Sleeping Dogs and were anticipating it to be a lot higher, so they have lowered their profit projections/forecasts.
skythra
Posted 03:38pm 08/11/12
Dunno if its really the merger's fault though, even if they'd stayed Square and not merged, they'd just be making Final Fantasy games, and its not like those have been any good recently.
Seriously?

http://en.wikipedia.org/wiki/List_of_Square_games
Darkhawk
Posted 10:49pm 08/11/12
I never really got into the Final Fantasy series even though Secret of Mana and Chrono Trigger are two of my all time favorite games. I wonder what might have been had they never merged, although Sleeping Dogs is an excellent game and very underrated. I'm glad they picked it up.
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