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

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.

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Isaac Todd
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