SquareEnix to File For Bankruptcy? Earnings Down 91%, Final Fantasy XIV to Blame

[geralds]

Wayback.digg.com/square_enix_to_file_for_bankruptcy_earnings_down_91_final_fantasy_xiv_to_blame

1up.com — It seems last week's Final Fantasy XIV kerfuffle had even more fallout than we thought. In an announcement on the company's official corporate site today, Square Enix drastically reduced its earnings forecasts for the remainder of the fiscal year from 12 billion yen (approx. $142.4 million USD) to just 1 billion yen ($11.9 million) - a decrease of 91.7%

[nat]

BLAM!

[Arkhan Asylum]

WHAM BLAM
THANK YOU MLAM.

[OldRover]

Erm... considering they just opened a new store site, I don't think they're going under anytime soon.

[nectarsis]

Someone has WAY to much of a boner over Squenix   

[TheClash603]

I only read they made a net profit, and to me that seems pretty good.  As a financial analyst, all day I review company financial statements, and determine credit worthiness.  I am not at work, and do not want to go through a long and boring statement.  However, I assume if I did, the company would look relatively stable.

If they made a true sequel to Mario RPG, that could make them some bank.

[Arkhan Asylum]

Someone has WAY to much of a boner over Squenix  

I think hes just mad

<geralds>
becose tehr was not any enuogh conect for him and his frends.  Tehy watnd way mroe contecnt in the gaem but al theer was was job gridning, and ya I get it thear is story quests but none watns to do thoes.  tehy want contnet tahts not thare but is and none is watning to paly anymoer becas it just liek vangarde: sega of horos.
</geralds>

or something.

[geralds]

I could care less, they need to make a good game.  Square enix reported even more people quiting ff14 and some people very pissed ps3 copy cancelled.  So keep defending square enix, your little contribution dont matter as much if they're just gonna keep doing worse and worse.

[nectarsis]

Well besides the obvious grammar/spelling abominations you continue to spew, you need to READ before blabbering.  Delayed =/= canceled.

[SignOfZeta]

I only read they made a net profit, and to me that seems pretty good.  As a financial analyst, all day I review company financial statements, and determine credit worthiness.  I am not at work, and do not want to go through a long and boring statement.  However, I assume if I did, the company would look relatively stable.

Heh, yeah. They made a billion yen. That does not mean they are going bankrupt. Losing a billion yen maybe, not netting it. Ridiculous.

EDIT:

Even more ridiculous? The twats on Digg actually seem to believe it.

"that is really sad news.. i liked square games.. "

Yes, not only did making a billion cause them to go bankrupt, they will immediately cease all operations and put their office equipment on Craig's List.

[Arkhan Asylum]

Yes, not only did making a billion cause them to go bankrupt, they will immediately cease all operations and put their office equipment on Craig's List.

This is why I hate the mainstream western gaming world.

They didn't lose any money.  They just didn't make as much as they expected. 

Solution: Make round eye happy. Get them to like FF14, and hopefully, type properly.