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NEWS

Square Enix Shares Drop On Earnings Delay

Rob Crossley's picture

By Rob Crossley

February 6, 2009

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Square Enix saw its share price drop to a five-year low yesterday after the company decided to postpone its quarterly earnings announcements.

Stock fell as far as‭ ‬11‭ ‬percent to‭ ‬¥1,936‭ ‬on the Tokyo Stock Exchange,‭ ‬marking the company’s lowest position since June‭ ‬2003.

The reason for the one-week postponement,‭ ‬as cited by news blog Kotaku,‭ ‬was due to a delay in‭ “‬accounting work‭”‬.‭ ‬Speculation is now surfacing that the publisher will announce a release date delay for one of its key games,‭ ‬with titles such as Dragon Quest IX and Final Fantasy XIII already being tipped as prime candidates.‭ ‬Any such delay has not been announced nor suggested by the publisher.

Square Enix will now make its earnings call on‭ ‬Feb‭ ‬12.

Bloomberg via‭ ‬Kotaku

Fernicum's picture
On February 7th Fernicum said:

I predict that Square Enix will someday announce Final Fantasy XIV for the Wii.

lifeat30fps's picture
On February 6th lifeat30fps said:

Here's hoping their Microsoft money is enough to offset the earnings they would have had this year if they weren't delaying the PS3 FF13 until next year. If not, they made a bad deal.

Brian
www.brianwoods.com