Sq. Enix President Takashi Kiryu has instructed business analysts in a number of media shops that Last Fantasy VII Rebirth, Last Fantasy XVI, and the three Foamstars video games are performing under expectations.
Kiryu reveals that though Last Fantasy XVI achieved its launch day gross sales goal, However the recreation’s gross sales have steadily decreased to the purpose the place it has not reached its income goal for the yr this fiscal, nonetheless, Kiryu is assured that the sport can obtain its income goal inside 18 months as initially deliberate.
Last Fantasy VII Rebirth and Foamstars additionally failed to fulfill the corporate’s expectations, with Kiryu confirming that each video games didn’t promote nicely. Solely the earnings didn’t attain the anticipated goal. The group didn’t reveal gross sales figures for Last Fantasy VII Rebirth throughout the convention.
Sq. Enix mentioned:
– FF16 gross sales have been lower than anticipated. The preliminary motion was consistent with expectations, however the video games failed to achieve the FY goal as a result of their motion was slower. There was no replace from the final introduced gross sales determine of three million
-FF7 Rebirth gross sales fell wanting expectations. At first…— Takashi Mochizuki (@6d6f636869) Might 14, 2024
With the three video games under income and earnings, Sq. Enix believes that the corporate will earn an working earnings of 40 billion yen this fiscal yr. That is a determine that differs from analysts’ estimates of 57 billion yen.
Because of this occasion, Sq. Enix plans to reorganize the event group into 5 console groups and 1 cell recreation group, together with looking for the most effective steadiness between “Particular person Creativity” and “organizational management” in recreation creation
Lastly, Kiryu confirmed that Dragon Quest 12, a brand new recreation, is in the identical improvement course of as earlier than. and after this report comes into impactSq. Enix’s inventory value fell practically 16%.
