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Square Enix is expecting a £42 million loss

I don’t think my last couple of articles attacking Square Enix’s game tracking practices are entirely to blame for this, but if you guys want to say so that’s very kind. The Final Fantasy publisher, has announced that it expects to take a £42 million hit for the first half of this financial year.

The company expects to make around £475 million in total sales for the period – it’s currently sitting at around £450 million – but there has apparently been big losses in the form of unprecedented operating expenses and lower than predicted HD game sales. The high price of the Japanese Yen hasn’t helped either.

Sleeping Dogs
Held hostage by the Yen's high value, Japanese companies have been struggling in recent months

While Square didn’t out which game had been selling worse than expected, considering it’s biggest release so far in 2012 has been Sleeping Dogs, we can guess that that is the title in question. However, it’s also conceivable that with all the clamour for a remake of Final Fantasy VII, perhaps Square thought that it’s PC re-release with micro-transactions would do better than it did. Or maybe it was the poorly reviewed Risen 2: Dark Waters.

Despite the doom and gloom however, CVG reports that by the end of the year, Square Enix expects to be operating at a profit of just under £30 million.

KitGuru Says: Have you guys purchased any Square games this year?

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