Square Enix FY24 Q2 Earnings (Net Sales Up, Profit Down, FF: 185M)

ethomaz

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Documents:

https://www.hd.square-enix.com/eng/ir/news/pdf/24q2earnings.pdf
https://www.hd.square-enix.com/eng/ir/news/pdf/24q2release.pdf
https://www.hd.square-enix.com/eng/ir/news/pdf/24q2slides.pdf

Consolidated results:

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Software:

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Forecast:

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Changes?

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Dabaus

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"Prioritize open communication with market participants" sounds like a fancy way of saying "We need to go multiplatform going forward."
 
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ethomaz

ethomaz

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"Prioritize open communication with market participants" sounds like a fancy way of saying "We need to go multiplatform going forward."
They are still blaming the less than expected sales in being exclusive.
I wonder what they will think when they realize releasing multiplaform won't add that much sales.
 

AshHunter216

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They are still blaming the less than expected sales in being exclusive.
I wonder what they will think when they realize releasing multiplaform won't add that much sales.
One of these days these Japanese companies are going to realize that Xbox dudes don't buy Japanese games nearly as much as PlayStation and Nintendo guys do.
 

Yurinka

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"Prioritize open communication with market participants" sounds like a fancy way of saying "We need to go multiplatform going forward."
It's under "Investor/Shareholders Relations", so they mean to improve the communication with investors and shareholders pretty likely via their IR page and reports.
 

Yurinka

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They are still blaming the less than expected sales in being exclusive.
Source? In the articles you linked they don't say that. They say this instead:


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Also, thanks to the FFXVI this first half of the fiscal year, their HD (console + Steam) games had bigger sales than the previous two years. And unlike in these previous two years, mobile gaming no longer generates the majority (more than the half) of their revenue:

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Yurinka

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You quoted it.

"Prioritize open communication with market participants"

Plus it is already know they blamed PS5 exclusivity last quarter.
Notice "prioritize open communications with market participants" was under "Investor/Shareholders Relations":

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It means they want to communicate more/better with their investors, probably just to update their IR page to provide extra info, or to make some extra report or Q&A session for investors and shareholders. It has nothing to do with a game being multiplatform or not.

In addition to this, they don't complain about FFXVI sales in these documents and don't make any reference to its exclusivity. The previous quarter they said about FFXVI this:

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And this:
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What they said last quarter that their HD games did was to grow due to its release, that it had brisk sales for the game and related merchandising and that it did sold in line with their expectations. And that they expect to expand sales as PS5 install base grows and they do PR activities (obvious).

They also explained that their operating income declined YoY because they booked upfront expenses as amortizing the development and marketing costs (which should be quite big for FFXVI) in that Q1. This means that their profit for the Q1 quarter got impacted because of putting these game budget and marketing costs there, but with future game sales from Q2 and future quarters they'll see more profits because these costs would be already booked in Q1.

So they aren't complaining about its sales (they mentioned it as on line was their expectations), and aren't complaining about exclusivity.
 
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