Square Enix's new annual report shows that the publisher recently suffered an extraordinary loss of $ 33 million. According to the company, the restructuring of the developer Luminous Productions is responsible for this. Following the departure of game director Hajime Tabata, the team is currently working on a new AAA title for the global market.
Square Enix Publishers have released a new Annual Report for the last quarter of this week. Among other things, the company must receive an extraordinary loss of 33 million US dollars. The main reason Square Enix called a restructuring from a newly established developer studio, Luminous Productions. Together with Game Director Hajime Tabata, the former Final Fantasy 15 developer works on AAA games as well as additional entertainment content.
After announcing this morning that Hajime Tabata was no longer working with Square Enix, Square Enix also announced a new direction for Luminous Productions. As such, the studio will in the future only work on new AAA titles for the global market. Is this still the Hajime Tabata project, so far it is unclear. Square Enix also generally does not reach a successful quarter.
Compared to the previous year, sales fell by a total of 15 percent. Despite releasing Shadow of the Tomb Raider in September, Square Enix was only able to break half of the previous year's quarter. With Kingdom Hearts 3 in January 2019, a big spotlight for publishers. In early December, Just Cause 4 will be released, which we were recently allowed to try on our own.