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With FY 2010 ending back on March 31, Square Enix has sent out a revised forecast of its performance. As of February, the company had been holding onto a ¥1 billion profit, but by the end of the fiscal year that had fallen to a ¥12 billion loss. At an investor’s briefing, CEO Yoichi Wada explained that about ¥4.5 billion stem from ongoing Final Fantasy XIV maintenance and title cancellations.

As part of a recovery effort, Wada stated that he aims to increase the push for social networking games and phone apps, and to double the company’s major brands to ten or so over time.

Source: Andriasang