SQUARE ENIX's Financial Results Announced. Next Year Prediction and Stock Price Fall to the Ground
| SQUARE ENIX's Financial Results Announced. Next Year Prediction and Stock Price Fall to the Ground | |
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SQUARE ENIX has announced the Financial Results for Fiscal Year Ended March 31, 2010. |
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Much better than last year. Net sales is 192,257 million yen, increased by 41.7%. Operating income is 28,235 million yen, increased by 130%. Net income is 9,509 million yen, increased by 50.1%. "DRAGON QUEST IX" and "FINAL FANTASY XIII" had done well. |
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Fiscal Year Ended March 31, 2010 maybe good, but look at Fiscal Year Ended March 31, 2011, falling to the ground isn't it? |
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Prediction of next year is worse than 2010. Net sales will be 160,000 million yen, decrease by 16.8%. Operating income will be 20,000 million yen, decrease by 29.2%. But Net income will be 12,000 million yen, this figure increases. |
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Net income will increase. |
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During Fiscal Year Ended March 31, 2010, they cut off some staff so the net income dropped a lot. But next year the figure only recover a little bit. We should study net sales & operating income to understand the real situation. |
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This announcement was held at 14:00, and the stock price dropped a lot after that, decreased 6.84%, i.e. 122 yen. |
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How do you think? |
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I usually think that CEO Yoichi Wada would maintain a stable figure throughout years. Stock market believed the same idea, that's why the stock price of SQUARE ENIX could maintain. But the prediction of 2011 is really disappointing. |
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Why should CEO Yoichi Wada do that? |
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I think he concentrated on net income. 2010 had restructuring, to decorate the net income he made FF13 released within this fiscal. In 2011, there is no restructuring, and he can expect an increase in income even though there is no big game. But the world just focus on net sales, that's why the stock price fall harshly. |
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Huh. |
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From the announcement, investor think there will be no big game in the coming year. A decrease of 30,000 million yen is big, if there is no FF13-class game this year, they won't be able to make it. |
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But we have "DRAGON QUEST IX: Sentinels of the Starry Skies" this year. |
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I think the decrease can be neutralized by overseas sales of "DRAGON QUEST IX" and games by Edios. "FINAL FANTASY XIV" is about to start service too. |
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That's all? |
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One more thing. Europe market is deficit. |
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Net sales in Europe is 28,200 million yen, increased by 320.1%, but the operating loss is 1,300 million yen. |
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We had talked about Nintendo's difficulty in Europe at "Nintendo 3DS Abandoned by Big N? Europe Economy Shown by Nintendo's Earnings Release: Fiscal Year ended March 31, 2010", it may due to game industry's downturn, or the whole Europe is in danger. This year will have exchange rate problem too, we need to focus on Europe's situation. |
May 18, 2010 5:02 AM | Japanese Video Game Industry | SQUARE ENIX
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