Sales of Final Fantasy titles, Thief, and Tomb Raider exceeded Square Enix's expectations, causing the company to revise financial results.
Square Enix revised its financial results for the year (ending March 31, 2014) as it expects to exceed its previous forecast. The company cited strong sales of Final Fantasy XIV: A Realm Reborn and favorable sales of other titles.
The company raised its net sales forecast from 140-150 billion yen ($1.32 billion to $1.47 billion) to 155 billion yen ($1.52 billion).
After poor reception to Final Fantasy XIV in 2010, Square Enix relaunched the game as Final Fantasy XIV: A Realm Reborn, launching on PC and PS3 in August 2013 and on PS4 this April. Over two million accounts have been registered for the MMORPG.
In addition to Final Fantasy XIV: A Realm Reborn's success for Square Enix, Thief, Final Fantasy X/X-2 HD Remaster, and Tomb Raider: Definitive Edition all had "favorable sales." The Japan-exclusive Dragon Quest Monsters Super Light also had an "encouraging start."
Just one year ago Square Enix stated Tomb Raider was a commercial failure, but sales today show the reboot has done well for itself. In March Crystal Dynamics studio expected the Tomb Raider reboot to reach six million units sold by the end of March. The title is the best-selling game in the franchise.
Square Enix's 2013 fiscal year was grim, but this February the company reported a turnaround. Square Enix looked to cost reduction initiatives and exchange gains from the weaker yen as reasons for a change to the forecast for ordinary income and net income. It will post detailed financials on May 13.
Source: Square Enix