Square Enix Takes a $350 Million Hit in Value as Stock Plummets

Monkeyclaw

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Full article here:



Square Enix shareholders received a rude awakening Monday as the video game company behind Final Fantasy and Kingdom Hearts saw a 10-point dip in the Japanese market. This equates to a market capitalization loss that measures in the hundreds of millions.

The drop came in the wake of a Square Enix financial report that actually offered some offered good news to investors. The company saw $136 million in profits over a six month period ending in September of 2024. This represents a year-on-year increase of 22%.

Also:

Square Enix was a notable client of Kim Belair’s Sweet Baby Inc. This narrative design company contracts with gaming studios to consult on story elements, often injecting DEI into the narrative. The company appeared prominently on SBI’s website, though recently Square Enix vanished from the list entirely.


While there’s no definitive list of Sweet Baby Inc‘s influence on Square, many point to censorship actions taken by the company in recent years, like restricting the size of Tifa’s chest in Final Fantasy VII, as proof of the narrative firm’s involvement.

Sweet Baby Inc. wasn’t the only narrative design firm Square worked with. It also contracted Black Girl Gamers to work on noted flop Forspoken. Square Enix’s representative director Yosuke Matsuda even admitted that sales for Forspoken were weak back in February 2023.

This failure was so extreme that Square closed down Forspoken’s studio, Luminous Productions, in February 2023.

It seemed to many as though Square learned the old adage, “go woke, go broke” the hard way. It saw a 70% decrease in profits following its work with Sweet Baby Inc. and Black Girl Gamers. Soon after, Square announced plans to enhance productivity and shift its focus from quantity to quality, citing a commitment to creating “unforgettable experiences.”

Still though, major releases like Final Fantasy XVI and Final Fantasy VII Rebirth underperformed, leaving the studio in dire straits.
Above is a selection from the article I felt needed a spotlight. Interesting read and let this be a lesson Square!
 
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shrike0fth0rns

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Full article here:





Also:


Above is a selection from the article I felt needed a spotlight. Interesting read and let this be a lesson Square!
This is a lot of absurd nonsense that has nothing to do with why square business is taking a dive. PS continues to re commit to diversity and their revenue is better than its ever been and profits have rebounded from the start of the gen.
 

Neversummer

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27 Jun 2023
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Perfect time for Sony to fully acquire & bring Square Enix home. Yea this includes buying Dragon Quest now that the creator died & the other creators are hitting that age where they retire from work fully or just cash out & settle down. It’s time PS bolsters there japanese side by bring in japanese talent into PS. Much needed it’s an embarrassment PS only have 2 japanese studios that made 2 highly rated games both being massive success & 1 (GT7) aiming to be the fastest & best selling GT game at new premium $70.

Now just fold level 5 to crank AA spin offs rpg of existing PS ip & fold Arc System Work for EVO & PS might be in a significantly better spot then what they’ve been in the past 4 years
 

mibu no ookami

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21 Feb 2024
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Perfect time for Sony to fully acquire & bring Square Enix home. Yea this includes buying Dragon Quest now that the creator died & the other creators are hitting that age where they retire from work fully or just cash out & settle down. It’s time PS bolsters there japanese side by bring in japanese talent into PS. Much needed it’s an embarrassment PS only have 2 japanese studios that made 2 highly rated games both being massive success & 1 (GT7) aiming to be the fastest & best selling GT game at new premium $70.

Now just fold level 5 to crank AA spin offs rpg of existing PS ip & fold Arc System Work for EVO & PS might be in a significantly better spot then what they’ve been in the past 4 years

Toriyama is not the creator of Dragon Quest, that is Yuji Horii who is alive and well, but I wouldn't expect you to know that, because you're not actually a gamer.

You're just a weeb and not a particularly good one at that.
 

Ghaleon

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7 Sep 2024
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The question is whether they've learned or not, and allow themselves to course correct. From the last i heard on the new DQ, or the recent DQ remaster, that doesn't seem to be the case. It doesn't help that they still also seem intent on chasing that phantom western social media audience and worrying about "ethics" in their games..
 

voke

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10 Jan 2023
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Hilarious that so many classic fanboys suggest Sony should buy Square Enix. The company is a complete mess and all their games are on PS already...
They got the legendary PS1 exclusive reborn with 2 AAA games with one remaining. But no that is not enough anymore, Sony must buy the whole company.

0 logic


Also the DEI bs in the article is nothing but garbage slop news to get the losers who actually care angry. Serves no other purpose.
 
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Zzero

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9 Jan 2023
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Thatparkplace is a shitty source. They'd say that a cat is a dog if it fit their agenda.
 
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Dabaus

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Forspoken probably would have done decent if they stuck with the protagonist as a White woman. (Agnis philosophy demo.)

Anyways I hate to say I’m just waiting for the inevitable Microsoft buyout. It looks like Sony has missed their window to make a move if they ever really did plan on it and Phil Spencer is talking about buying companies in Asia. Oh well.
 
OP
OP
Monkeyclaw

Monkeyclaw

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This is a lot of absurd nonsense that has nothing to do with why square business is taking a dive. PS continues to re commit to diversity and their revenue is better than its ever been and profits have rebounded from the start of the gen.
Please provide proof that this is nonsense. Other than a gut feeling?
 

Systemshock2023

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8 May 2023
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Square should release quality games on a consistent basis. Has nothing to do with PS, Xbox or PC. They peaked in the SNES and PS1 generation and then decayed slowly.

Final fantasy games have been embarrassing past the PS1 era. Even FFVII remake has lots of questionable decisions.
 

Cool hand luke

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14 Feb 2023
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Forspoken probably would have done decent if they stuck with the protagonist as a White woman. (Agnis philosophy demo.)

Anyways I hate to say I’m just waiting for the inevitable Microsoft buyout. It looks like Sony has missed their window to make a move if they ever really did plan on it and Phil Spencer is talking about buying companies in Asia. Oh well.
Phil looks like a beggar. Xbox doesn't have any money and Microsoft isn't doing any more handouts
 

Orangee

Well-known member
3 Mar 2024
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They will just sell more 2B dolls. They will be fine lol
They survived fucking Marvel avenger. They will survive anything at this point.
 
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