Final Fantasy's Dev's Stock Value Dropped by Over 10%

On Monday, November 11, Japanese video game company Square Enix saw a decline in its stock value, which dropped by more than 10%.

As reported by Nikkei (via Apple2Top), the company's stock price declined by 12.37% to 5,400 yen per share, which is $35.4. This might result from a recent Square Enix's financial report for the first half of the fiscal year from April 1 to September 30, 2024.

Over this timeframe, the company's net sales dropped by 8.4% compared to the same period of 2023, amounting to 157.6 billion yen, which is $1 billion. Operating income rose by 22.1% to 21.17 billion yen ($137.8 million), but ordinary income declined by 30.6% to 18.14 billion yen ($118 million).

The subsegment of mobile and PC browser games also had a decline in net sales and profits compared to the same period of the previous fiscal year. The report states that the reason is partly a "weakness in existing titles."

The company's income rose in subsegments such as amusement, publication, and merchandising.

The company previously shared a report for Q1 2024, with net sales dropping by 18.4% compared to the same time period in 2023 and operating and ordinary income increasing by 250.1% and 66.7%, respectively.

Read the report here and the company's briefing session notes here. Also, don't forget to join our 80 Level Talent platform and our new Discord server, follow us on Instagram, Twitter, LinkedIn, Telegram, TikTok, and Threads, where we share breakdowns, the latest news, awesome artworks, and more.