Square Enix CEO Takashi Kiryu - Sales of Final Fantasy VII Rebirth, Final Fantasy XVI and Foamstars Short of Expectations

[Gamernyc78]

Square Enix Shares Tumble by Most in 13 Years on Weak Outlook

Shares of Square Enix Holdings Co. tumbled 16% in their biggest decline in 13 years after its president said sales of recent big-budget games disappointed and that it would take years for a recent reorganization to bear fruit.

www.bloomberg.com

Shares of Square Enix Holdings Co. tumbled 16% in their biggest decline in 13 years after its president said sales of recent big-budget games disappointed and that it would take years for a recent reorganization to bear fruit.

Sales of Final Fantasy VII Rebirth, Final Fantasy XVI and Foamstars — all released exclusively for Sony Group Corp.’s PlayStation in the previous fiscal year — fell short of the Japanese game publisher’s expectations in both revenue and profit, Takashi Kiryu told analysts the previous day. The company now expects to earn an operating income of ¥40 billion this year, widely missing the average of analyst estimates of ¥57 billion. Its sales and dividend outlook also fell short of expectations.

 

[reziel]

Ouch now we know why they're shooting for the multiplatform route that's a big yikes I wonder how much it costed to make Foamstars I feel like that was probably a mild miss compared to the other 2.

 

[arvfab]

Square Enix Shares Tumble by Most in 13 Years on Weak Outlook

Shares of Square Enix Holdings Co. tumbled 16% in their biggest decline in 13 years after its president said sales of recent big-budget games disappointed and that it would take years for a recent reorganization to bear fruit.

www.bloomberg.com

Shares of Square Enix Holdings Co. tumbled 16% in their biggest decline in 13 years after its president said sales of recent big-budget games disappointed and that it would take years for a recent reorganization to bear fruit.

Sales of Final Fantasy VII Rebirth, Final Fantasy XVI and Foamstars — all released exclusively for Sony Group Corp.’s PlayStation in the previous fiscal year — fell short of the Japanese game publisher’s expectations in both revenue and profit, Takashi Kiryu told analysts the previous day. The company now expects to earn an operating income of ¥40 billion this year, widely missing the average of analyst estimates of ¥57 billion. Its sales and dividend outlook also fell short of expectations.

Sad to hear about FF not meeting sales expectations. Probably in part because of the * they put on every trailer.... Both were excellent games, with Rebirth being easily the game of this year, probably.

But what kind of sales did they expect from Foamstars?

1. It's Foamstars
2. It launched on PS+

 

[Nhomnhom]

When was the last time SE wasn't complaining about disappointing sales? These big budget games were the only thing they got right, they were certainly a much more sound investment than NFTs and low budget flops.

 

[ethomaz]

That is obvious for anybody that followed sales charts across the world.

But maybe now people will stop to try to defense the opposite.

 

[Vertigo]

I doubt Sony will want to bet on their software either tbh.

 

[Entropi]

Just as I thought, I hope SE can bring new life to the FF series for the next installments.

There are very good ideas in XVI and Rebirth that I would like to see in one game instead of two separate games.

 

[Systemshock2023]

They need a new IP. Can't rely that much on FF. It's like if SEGA still bet everything on sonic and Alex Kidd.

Look at what happened to MS with halo and gears. IPs peak and dwindle slowly.

 

[Gamernyc78]

They need a new IP. Can't rely that much on FF. It's like if SEGA still bet everything on sonic and Alex Kidd.

Look at what happened to MS with halo and gears. IPs peak and dwindle slowly.

This! They need something fresh, new, different and grand and it's oK if it's another JRPG but new.

Sony at least let's ND, Guerilla, Sucker Punch, etc create new worlds and ips and it's paid off.

 

[JAHGamer]

Square CEO never said that, it's Takashi bloomberg twisting his words

I thought we all knew this guy was a fraud ....

 

[John Elden Ring]

They will be releasing the remake trilogy and FXVI on Xbox and Switch 2 as soon as the exclusivity period ends, mark my words

 

[arvfab]

They need something fresh, new, different and grand and it's oK if it's another JRPG but new.

But each FF is new (apart from the "real" sequels, like X-2 and the FF13 trilogy, and even there, the seques played nothing like the other entries). They only share the name and some recurring series "mascots" like Chocobos and Mogrys.

 

[Swolf712]

Check the source on this. It's Bloomberg's usual suspect, and it's not the first time he's made this claim only for the actual transcript to prove it was bogus.

 

[JAHGamer]

Check the source on this. It's Bloomberg's usual suspect, and it's not the first time he's made this claim only for the actual transcript to prove it was bogus.

yeah, it's 100% fake and clickbait, mods should edit the title @Gamernyc78 Takashi is a pathological liar

 

[voke]

This is the guy that bloomberg pays to doom sony. He became a meme on the nintendo side too, for constantly dooming. Forums are ready to run with narrative that SE is failing when at most, they just arent growing.

 

[jimmy289]

They will be releasding the remake trilogy and FXVI on Xbox and Switch 2 as soon as the exclusivity period ends, mark my words

Yep its definitely coming. Probably to game pass too.

 

[arvfab]

Yep its definitely coming. Probably to game pass too.

I say there is a greater chance Hellblade 2 will come to PS+ than FFXVI to Gamepass.

 

[Johnic]

Yep its definitely coming. Probably to game pass too.

You're gonna have a great time here, throwing tantrums and people laughing at you. Can't wait for the xbox showcase to see what PS games they announce. Make sure you stick around.

This Takashi moron needs to be banned as a source.