Square Enix expects to recognize extraordinary losses of 22.1 billion yen in ‘content abandonment losses’ associated with its content production on its books for the fiscal year ended March 2024.
During a recent meeting, the Square Enix Board of Directors essentially got together to discuss the nature of the extraordinary losses and decided to revise the company’s approach to the development of high-definition games with the “intention of being more selective and focused in the allocation of development resources.
Here are the full details from Square Enix Holdings:
1. Nature of the Extraordinary Losses
At the meeting convened on March 27, 2024, the Board of Directors of Square Enix Holdings Co., Ltd. (the “Company”) voted, in light of the myriad changes underway in the environment surrounding its Group, to revise the Group’s approach to the development of high-definition (HD) games with the intention of being more selective and focused in the allocation of development resources. As a result of a close examination of the Group’s development pipeline undertaken in keeping with this revised approach, the Company expects to recognize approximately ¥22.1 billion in content abandonment losses on its books for the fiscal year ended March 2024.
2. Outlook
The Company is carefully reviewing its consolidated forecasts for the fiscal year ended March 2024 to assess the potential for impact from the above or other factors. Should revisions to its forecasts prove necessary, the Company will promptly disclose the same.
The cost of Ethics Department.
It’s not so much the unnecessary salary paid to those useless people as much as it is the damage they cause all over the company.
Enjoy your DEI and DIE.
100% correct. Live by the ashkenazi jew, die by the ashkenazi jew.
If you use jews as a foundation to build anything, you will fail.
Hey, the Pyramids are still mostly standing 🥳
What is there to discuss? This HUGE loss of money is 100% and solely the fault of DEI and ESG bullshit. If they want to recover, get rid of all the people involved with DEI, ESG, the ethics department and the localization team, then hire REAL translators who will translate directly, with no changes at all. If there is a difference where due to culture there is no direct translation. Translate it directly and put a small note in a corner to explain the context. THIS is what should be done.
They would be wise to cut those consultation contracts as well.
No more SBI, or BGG grift.
No lets not push this all on dei id say its a good 85% dei the rest is to them just making s♥♥t games. Even without dei a s♥♥t game remains a s♥♥t game.
and hopefully more companies follow suit! vote with your wallet gentlemen!
This is sadly what happens when you get in bed with Sony.
Sony used to have the most adult games and some of the only AO games. Now they are whiny little bitches who want all women to either have a dick or wear a burka
What happened….
Main office moved to California which was the start of this fiasco. I too remember the good old days where Sony didn’t give a s♥♥t on trying to censor any game.
Get woke, Go Broke.