Square Enix, who has been suffering from poor sales for years, finally faces some good news. The Japanese publishing juggernaut has returned to profit thanks to the strong sales of Final Fantasy XIV: A Realm Reborn. This turnaround was highlighted in the company’s Third Quarter Financial Report.
Net Income saw a lift to 5.2 billion Yen compared to a loss of 5.7 billion Yen just a year ago. Operating Income also saw a similar lift and came in at 7.8 billion Yen compared to a loss of 4.9 billion Yen. Square Enix is now anticipating a profit of 6 billion Yen when the Fiscal Year ends. This is a huge contrast compared to the last Fiscal Year where Tomb Raider, Sleeping Dogs and Hitman Absolution failed to hit sales projections and the company experienced a significant loss.
“During the nine-month period ended December 31, 2013, revenues from distribution of console game titles in North America were strong,” reads Square Enix’s report. “Software sales and operation of ‘Final Fantasy XIV:A Realm Reborn,’ a massively multiplayer online role playing game released in August 2013, have been making favorable progress.”
Square Enix hopes to see greater profits in the near future. Currently, Lightning Returns: Final Fantasy XIII and Thief will release before the end of this Fiscal Year and could have a positive or negative impact on their overall profits.