Square Enix has been in a tailspin in recent years due to a series of bad decisions and lackluster results or failures of some of its major video games. The situation worsened after the Japanese company divested most of its operations in the West, selling its studios to the Embracer Group and later trying its hand at the NFT and games-as-a-service sectors. This has affected the finances and its share price is collapsing.
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Square Enix’s stock price continues to fall
According to a report by Takashi Machizuki, a reporter BloombergSquare Enix’s share price on the Japan Stock Exchange closed below ¥5,000 JPY, 33 USD, registering the lowest price since May 22, 2020. Reviewing the history of Square Enix In the stock market sector, we found that after the recovery of its shares in April 2023 g., things went downhill for the Japanese company with everything and the launch of AAA as Final Fantasy XVI.
Why has the market lost faith in Square Enix?
In addition to selling off the studios it had in the West, since it wasn’t seeing much success with any of its franchises, Square Enix picked up some exclusive console contracts with PlayStation for major titles like Final Fantasy VII Remake, Final Fantasy VII Rebirth in Final Fantasy XVI which have had good but slow results and in the end seem to fall short of investors’ expectations.
At the same time, the Japanese company doesn’t seem to have a clear direction, as it doesn’t want to continue making purely Japanese-themed video games in an attempt to win over the West, but this change has caused more doubt than certainty. Likewise, interest in NFTs and games-as-a-service played a joke on the company’s perception.
A convergence with Xbox has recently been formalized, which will initially lead to an appearance Final Fantasy XIV to the Microsoft ecosystem. In the same way, rumors from well-known sources indicate that Square Enix will abandon its strategy of console exclusivity and that the important titles it has marketed in recent years will appear on Xbox.
Stay tuned to LEVEL UP.
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