Square Enix has abandoned a number of in-development projects, resulting in a ¥22.1 bn (£112m) loss for the financial year.
The news was shared today in a Notification of Recognition of Extraordinary Losses to shareholders detailing a decision made back in March, as the company reviews its consolidated forecasts for the fiscal year ended March 2024.
These “content abandonment losses” are part of Square Enix president Takashi Kiryu’s streamlining of the company’s output of games, “with the intention of being more selective and focused in the allocation of development resources”.
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