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.