Square Enix Cuts Earnings Forecasts

Square Enix Holdings announced today a revision in its earnings forecasts for the current term and the year as a whole. The original forecasts were made on August 7.

For the six months spanning April 1 through September 30, the company has increased its sales estimates from the previous 90,000 million yen to 90,500 million yen. It has lowered its net earnings forecasts from 7,500 million yen to 2,600 million yen.

A statement from the company listed a couple of factors as having contributed to the lowered earnings expectations.

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Kain813368d ago

over 200 layoffs from a famouse RPG-dev

Is that you SE???

use Google translate