Streetbeat News

SQNXF

Square Enix Holdings Co. Ltd

https://www.hd.square-enix.com/jpn/

Industry

Amusement Arcades

Open

46.56

Mkt cap

5.5B

Volume

250

High

46.56

P/E Ratio

63.89

52-wk high

49.19

Low

46.00

Div yield

0.01

52-wk low

27.98

Embracer Group AB has canceled a Deus Ex game in development and laid off 97 staff at Eidos Montreal. The studio will shift focus to an original franchise. This is part of a larger restructuring at Embracer, which has also affected other studios such as Volition and Free Radical Design. The layoffs and cancellations follow a failed $2 billion deal with Savvy Games Group. Embracer acquired Eidos Montreal from Square Enix Holdings in 2022 but has not commented on the Deus Ex cancellation.

Portfolio Pulse from Franca Quarneti

January 30, 2024 | 4:43 pm

Yoshinori Kitase, VP at Square Enix, indicated that a remake of Final Fantasy 6 could take about 20 years due to its complexity and depth. The project is not confirmed and would only be considered after the Final Fantasy 7 Remake Trilogy is completed. The second entry of the trilogy, Final Fantasy 7 Rebirth, is scheduled for release on Feb. 29, 2024. Hironobu Sakaguchi, the series creator, also commented on the challenges of remaking the game from its original 2D format.

Portfolio Pulse from Franca Quarneti

January 29, 2024 | 5:29 pm

Square Enix Holdings Co Ltd (OTC:SQNXF) is shifting its game development strategy to focus on quality over quantity, with plans to release fewer titles across a more diverse range of genres. President Takashi Kiryu acknowledged the company's overreliance on RPG franchises and the need to adapt to changing gamer preferences, such as the success of casual games like Powerwash Simulator. Square Enix aims to enhance internal development and is open to acquisitions to improve game quality. The company is also investing in AI and blockchain technology, with key releases like Foamstars, Visions of Mana, and remakes of Dragon Quest 3 and Dragon Quest 12 slated for 2024.

Portfolio Pulse from Franca Quarneti

January 19, 2024 | 8:31 pm

The 'Apex Legends' and 'Final Fantasy VII Rebirth' crossover event by Electronic Arts' Respawn and Square Enix has faced player backlash due to high microtransaction costs. Event packs increased from $7 to $10, with a total spend of $290 needed for all items. The event's pricing structure is confusing, with escalating costs and a less than 1% chance to obtain the Buster Sword without payment. Players are unhappy with the expensive and limited rewards compared to previous events.

Portfolio Pulse from Franca Quarneti

January 10, 2024 | 10:43 pm

Capcom Co., Ltd's COO Haruhiro Tsujimoto stated that the company would decline any potential acquisition offer from Microsoft Corp. This statement was made in response to leaked documents showing Capcom as a potential acquisition target for Microsoft. Tsujimoto emphasized Capcom's preference for organic growth and developing talent in-house, stating that the company has no intention of acquiring other companies.

Portfolio Pulse from Franca Quarneti

September 26, 2023 | 10:21 pm

Square Enix Holdings Co., Ltd. (OTC:SQNXF) has unveiled a new gameplay trailer for 'Final Fantasy VII Rebirth', the next installment in the FF7 Remake trilogy. The game, set for release on Feb. 29, 2024, will be exclusive to PlayStation 5. The Collector's Edition is priced at $349.99 and includes various collectibles. Square Enix's stock has declined by nearly 30% following the release of 'Final Fantasy 16' in June, resulting in a loss of approximately $2 billion in value.

Portfolio Pulse from Franca Quarneti

September 15, 2023 | 8:42 pm

Square Enix Holdings Co., Ltd. (OTC:SQNXF) has lost nearly $2 billion in value since the release of 'Final Fantasy 16' in June, with shares dropping by almost 30%. Despite initial strong sales, the game's performance has not compensated for previous underperforming titles. The company's new CEO, Takashi Kiryu, plans to focus on big-budget games to improve financial performance.

Portfolio Pulse from Franca Quarneti

September 14, 2023 | 6:33 pm

Activision Blizzard's 'Diablo 4' was the best-selling game in the U.S. in June, but sales have slowed. The game is the third best-selling of the year, following Warner Bros. Discovery's 'Hogwarts Legacy' and Nintendo's 'The Legend of Zelda: Tears of the Kingdom.' Square Enix's 'Final Fantasy 16' was the second best-selling game in June, but sales also slowed. Sony's PlayStation 5 dominated the hardware market in both unit and dollar sales.

Portfolio Pulse from Franca Quarneti

August 04, 2023 | 2:15 pm

Sega Corp. is reconsidering its blockchain gaming strategy due to the recent downturn in the global cryptocurrency market. The company will no longer allow its flagship franchises to be used in third-party blockchain gaming projects. However, Sega will continue to invest in blockchain-related ventures and will offer its lesser-known franchises to upcoming blockchain games. Other gaming companies like Square Enix Holdings Co., Ltd. and Bandai Namco Entertainment Inc had also previously embraced blockchain technology.

Portfolio Pulse from Franca Quarneti

July 07, 2023 | 6:00 pm

Square Enix Holdings Co Ltd (OTC:SQNXF) announced that it has sold 3 million copies of Final Fantasy XVI on PlayStation 5 during its launch week. Despite a 74% decline in physical sales in the U.K. compared to its predecessor, Final Fantasy XV, the game emerged as the top-selling game overall during its launch week. The game is exclusively available on Sony Group Corp.'s (NYSE:SONY) PlayStation 5.

Portfolio Pulse from Franca Quarneti

June 29, 2023 | 10:35 pm

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