Square Enix announced its annual financial report on the 13th, which showed that the company's net profit fell by 69.7% year-on-year due to the significant loss this year. The news also set off a ripple effect, causing its share price to tumble 15.95% at the start of the day, almost a drop limit (the Japanese stock market limits 16% for maximum daily drawdowns).
Ryuji Kiryu, the newly appointed CEO of Square Enix last year, announced a significant loss half a month before the earnings release and canceled a number of game development projects. Although the stock market reacted smoothly at the time and the stock price even rose, the stock price fell after the earnings report, and today it closed at 5,268 yen per share, only slightly higher than the year's lowest point of 5,203 yen.
In response to the financial woes, Square Enix proposed four major reforms, including a strategic shift from quantity to quality, expansion to multiple platforms to attract PC users, and improving the company's overall operations. At present, SE should only be able to pin the hope of the stock price on "Dragon Quest 12", after all, it is not only SE's signature game, but also the legacy of Akira Toriyama and Koichi Sukiyama, and the market and fans are looking forward to what kind of masterpiece SE can launch.