Square Enix Reports Financial Results and Emphasizes Blockchain as a Key Growth Initiative

Editorial
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Japan is truly an open minded market 1 1

Square Enix Holdings, a major game company, recently released its financial results for the fiscal year ending on March 23. In their financial briefing materials, they highlighted their blockchain business as an important driver for future growth. The company emphasized the need to be a pioneer in this field to achieve exceptional results and announced plans for global investment activities, business verification, and monetization through game releases. The acceleration of blockchain game development was also listed as a priority policy for the upcoming fiscal year ending in March 2012.

During the fiscal year that ended in March 2011, Square Enix’s net profit was approximately 49.2 billion yen, marking a 3.4% decline from the previous year. Sales also experienced a 6.0% year-on-year decrease, amounting to around 343.2 billion yen, while operating income dropped by 25.2% to approximately 44.3 billion yen. The company attributed the decrease in sales to a decline in revenue from new titles, citing titles like “OUTRIDERS” as contributing factors.

In terms of their blockchain initiatives, Square Enix introduced two NFT-related projects, namely “Asset Million Arthur” and “SYMBIOGENESIS.” They revealed that the 6th NFT of Asset Million Arthur was made available for sale on April 23 and has seen strong demand, with over 75% of the NFTs sold and the sets and characters completely sold out. The cumulative number of issued NFTs has reached 140,000, and the game has achieved the top ranking in transaction volume by item token on the LINE Blockchain.

Regarding the verification of business using public blockchain, Square Enix expressed its intention to leverage the expertise gained from the domestic limited asset million Arthur project to explore and address the challenges of Web3 business.

Overall, Square Enix remains committed to pursuing blockchain opportunities and leveraging them to drive future growth while addressing any issues and exploring new avenues in the blockchain gaming industry.

Editorial

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