Square Enix to report 22.1 billion Yen in losses due to “content abandonment losses”

All Articles News
Isaac Todd
April 30, 2024
5

During a meeting on March 27, 2024, Square Enix’s board of directors voted to revise how the company handles game development going forward.

As part of this, it’s planning on reporting a whopping ~¥22.1 billion in “content abandonment losses”. While not going into specifics at this time, the overall tone of the announcement makes it sound like many mid/low tier projects that were in development have now been cancelled.

Rumours of this action have been floating around for a while now, and it’s hard not to see why. Square Enix has had a habit of releasing many mid-budget games all at once, all with low marketing, and then reporting that sales were lower than expected.

In fact, late 2022 was perhaps the trigger for things changing — The Diofield Chronicle, Valkyrie Elysium, Star Ocean: The Divine Force, Harvestella, Tactics Ogre: Reborn, Dragon Quest Treasures, and Crisis Core: Final Fantasy VII Reunion all released within the last third of the year.

Join The Discussion

Rice Digital Discord
Rice Digital Twitter
Rice Digital Facebook

Or write us a letter for the Rice Digital Friday Letters Page by clicking here!

^{Disclosure: Some links in this article may be affiliate links, which means we may earn a small commission if you make a purchase after clicking on them. This is at no additional cost to you and helps support Rice Digital!}