Sega sees net loss of 6.6 billion yen due to business restructuring in Europe and cancelled games
While Sega's games performed well in fiscal year 2023, the company saw a sharp decline in operating income due to cancelled titles and business restructuring.
PS5 is the most profitable PlayStation console, Sony reveals
Sony's report suggests that in only 3 years, PlayStation 5 has generated more operating income than the PS4 did in its 7-year lifecycle
Koei Tecmo’s investors lower expectations due to small number of major titles in 2024/25 pipeline
Koei Tecmo’s shares have been on a continuous decline, as reported by Kabutan. Investment giant Nomura Securities has downgraded its investment rating from “Buy” to “Hold” and significantly lowered its price target. The investor’s analysts cite that Koei Tecmo reduced…
Square Enix’s stocks plummet following announcement of 70% profit drop
Following the announcement of their new mid-term plan and a year-over-year decrease in profit by 70%, Square Enix's stocks have plummeted.
Bandai Namco records highest net sales to date in 2023. Armored Core 6, Tekken 8 and Elden Ring perform well
Bandai Namco Holdings report record-breaking net sales and net income in fiscal year 2023, but see a decrease in operating income.
Square Enix’s stock price surges despite announced 22.1b loss, shareholders optimistic
Square Enix's stock price has spiked despite the announced $140 million extraordinary loss, with shareholders' expectations staying high.
Koei Tecmo reports highest sales since 2009 thanks to mobile games, but intends to focus on console titles
Koei Tecmo's 2023 financial report reveals Nobunaga's Ambition mobile profits, and Rise of the Ronin success despite console game sales drop
Square Enix expects loss of $140 million from cancelled video game title(s)
Square Enix have reported that they expect a 22.1 billion yen loss in fiscal year 2023 due to cancelled video game project(s).
Akira Toriyama’s IPs brought in $10 billion in mobile game revenue in the past 10 years
Mobile games that use Akira Toriyama's IPS have made at least $10 billion in the past ten years, according to a report by Sensor Tower.