/PRNewswire/ SQUARE ENIX HOLDINGS CO., LTD. (the "Company") today announced consolidated financial results for the fiscal year ended March 31, 2021 (this.
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Net sales and operating income in Square Enix s game-focused Digital Entertainment arm increased year-on-year thanks to growing digital sales and brisk sales of catalog titles in the HD Games sub-segment.
According to the company s financials for the full-year ended March 31, 2021, those factors helped drive net sales in the segment to 263.9 billion yen ($2.4 billion), an increase of 39.9 percent year-on-year, while operating income also rose by 42.9 percent to 50.5 billion yen ($460.9 million).
Square Enix indicated that upswing was also the result of burgeoning licensing income and new releases like Final Fantasy VII Remake, and noted that its Smart Device/PC Browser sub-segment played its part thanks to solid performances from titles like
Reasons for the Revisions
The Company now expects higher net sales, operating income, ordinary income, and profit attributable to owners of parent than previously anticipated under its consolidated financial forecasts for the fiscal year through March 31, 2021. Among the factors contributing to these revisions is a solid performance by the Digital Entertainment segment as a whole, as well as brisk sales of both printed and digital media in the Publication segment. The above forecasts are based on information available at the time of this document s release and are subject to various uncertainties. As such, actual performance may differ from these forecasts.