Square Enix may make acquisitions to grow overseas business
Japanese publisher Square Enix is hoping to grow its overseas sales to make up 50 per cent of its business in the coming years, with the firm considering options including overseas acquisitions in its pursuit of that goal.
Japanese publisher Square Enix is hoping to grow its overseas sales to make up 50 per cent of its business in the coming years, with the firm considering options including overseas acquisitions in its pursuit of that goal.
Square Enix president Yoichi Wada mentioned the company's overseas ambitions in an interview with business news agency Bloomberg, where he outlined his intention to expand overseas sales from 30 per cent of the firm's revenues to 50 per cent.
The company has already made several moves towards overseas expansion since Wada took over as president, including the commencement of direct publishing operations in Europe for the first time in many years.
Regarding the domestic market, Wada told Bloomberg that the company's highly anticipated new role playing title Final Fantasy XII will slip past its Spring 2005 date, but did not specify a new release period for the title.
However, he did confirm that Square Enix plans to operate on a one title per month release schedule as of April 1st, with new titles planned in key franchises including Dragon Quest and Star Ocean, while other ventures such as CG movie Final Fantasy VII: Advent Children will also form part of this regimented release schedule.