number go up - ahri's unqualified thoughts #83
Easy to consume content: 1 quote, 1 tweet/storm and 1 article/video.
In today's discussion, we discuss Nintendo’s FY23-24 results and Square Enix’s latest decision.
1 quote
"It's-a me, Mario!", probably Mario
1 tweet/storm
Did I highlight one of my tweets? Absolutely, but for a good reason.
The excellent Oscar Lemaire created a detailed thread about Nintendo’s FY23-24 revenues, and I attempted to summarize it in a single post.
TL;DR
Revenues increased
Best year ever for Nintendo
€10.1 billion (+4%)
Operating profit: €3.2 billion (+5%)
Net profit: €3 billion (+13%)
They are the best. Study Nintendo
1 article/video
TLDR of the “Square Enix Reboots, and Awakens” strategy:
Square Enix's financial results for the latest FY were below expectations, despite the release of FF16 and FF7 Revirth, prompting a strategic pivot aimed at achieving stable profits by 2027.
The HD Games category showed some strength with new titles like Final Fantasy 16 and Final Fantasy 7 Rebirth boosting sales, but this was offset by declines in MMO and smart device/PC games.
Square Enix is initiating a new three-year strategy focusing on enhancing productivity, optimizing development processes, and revamping its organizational structure. This includes a multiplatform approach across Nintendo, PlayStation, Xbox, and PCs, and an expanded focus on digital sales and IP development across multiple media. No more Sony exclusives bros, it’s happening!
For FY2025, Square Enix aims for a 22.9% increase in operating income, despite anticipating a decline in sales. The strategy is geared towards a comprehensive overhaul of its international business divisions and structural reforms in its European and American offices, to achieve a 15% consolidated operating margin by FY2027 - translation: we gonna lay off people.