The Japanese company accuses the effects of the pandemic in the development of its planned titles.
The year 2020 is not being easy for most people and, even if we have experienced large numbers in video games over the months, driven by confinement, not all companies have had positive results. This weekend we inform you of Square Enix’s fiscal results for the second quarter of the current period, which closed with a few losses of $ 48 million in the video games division, but that’s not the only bad news in their report. As mentioned in it, Square has delayed several games in development until 2022 due to the coronavirus.
In the company’s financial report, in the forecast section for the fiscal year, Square Enix talks about a delay in some of your planned games due to problems in development. And, more specifically, to the disruption in the work of external companies on which these developments depend: “The review of our development plans has led to the postponement of some launches through fiscal year 2022/2023 or later“says Square.
This, as you will understand, refers to the internal dates handled by the company for the development of their games. Possibly include some titles yet to be announced or no public date, and therefore, the company does not specify which games are those that were planned for 2021 internally, and now move to 2022 and beyond. A fact that agrees with the words of the President of Square Enix published last month, where he stated that the coronavirus had had a very notable effect on the development of his games.
Along with this confirmation, the report’s forecasts also speak of “cutting fixed costs” in the physical business division, and invest in new businesses, to improve profits in the next fiscal year. The truth is japanese companies They seem to have adapted worse than Western developers to the global situation of this year 2020, as we also see by Sega’s financial results for the quarter, and the frequent notices from Nintendo about possible delays in their games.
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World news – US – Gaming : Square Enix confirms the delay of some games to 2022 due to the coronavirus, but does not specify titles