Square Enix, the Japanese gaming company, has announced plans to revamp its game development system in order to enhance the quality of its games and boost profits. The company’s president, Takashi Kiryu, revealed that they will be reducing outsourcing for game development and focusing more on in-house development of larger games. This strategy aims to improve both the quality of their games and the overall profitability of the company.
Details of the new game development system are expected to be revealed during the upcoming spring season, with the implementation set to take place in April 2024, aligning with the company’s new fiscal year.
According to the company’s financial report, digital sales and revenue from their digital business decreased by 2.6% year-on-year (from April to December 2023). The breakdown is as follows:
– HD games saw an increase in revenue, thanks to the release of games like Final Fantasy XVI, Dragon Quest Monsters: The Dark Prince, and Final Fantasy Pixel Remaster.
– Revenue from MMO games declined due to decreased interest in Final Fantasy XIV, partially attributed to the delay in the release of the new expansion, Dawntrail.
– Mobile games also experienced a decrease in revenue, despite the release of Final Fantasy VII Ever Crisis.
TLDR: Square Enix plans to overhaul its game development system, reducing outsourcing and focusing on in-house development of larger games to improve game quality and company profits. The new system will be implemented in April 2024. Financially, there was an overall decrease in digital sales and revenue, although revenue from HD games increased while MMO and mobile games saw declines.
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