Square Enix isn’t going through the best of times, there have been reports recently that the company is going through a major restructuring that is affecting its finances. However, investors are hopeful as they have just raised the company’s share price.
Earlier this week, Square Enix shared a report in which it suggested that after implementing a new way of reviewing projects and benefiting from resource allocation, it would henceforth stop development on some titles, which would be reflected as a loss of approx. 140 USD in your finances.
For some investors, this may scare them away and cause them to distrust the future of the company, which will lead to a drop in its share price, but surprisingly, in this case, the opposite is happening.
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Square Enix shares rose after the scandalous report
You read that right, the day after the official announcement, Square Enix opened its activity on the registration market ¥6162 JPY per share, which represents an increase 5.14% when comparing it with the previous day’s value.
What is the reason for the growth after the negative report? Investors will feel that all bad news from Square Enixas indicated Nikkei (via AUTOMATIC MEDIA).
The Japanese company recorded unfavorable results in recent months. In fact, in the last quarter of 2023, it was reported that its stock price had fallen to levels not seen in years. Therefore, after the announcement of a change in the approach to the development process, the shareholders believe that the company has a better future.
If you missed it: one of Square Enix’s most important projects will already have a launch window.
What do you think about the reaction of investors after the bad news Square Enix? Tell us in the comments or on Discord.
You can find more news related to Square Enix by visiting this page.
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