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Square Enix is planning a major internal restructure of its game development system, as reported by Bloomberg Japan. The news came directly from Representative Director and President Takashi Kiryu, who spoke at the financial results briefing for analysts held on Monday.
Square Enix has admitted it could have done a better job at managing its games to make sure they weren't cannibalizing each other and sneaking money out of their corporate sibling's pockets.
In a May 2024 financial report made public today (via Eurogamer), Square Enix president Takashi Kiryu said that Final Fantasy 7 Rebirth and Final Fantasy 16 haven't sold as many copies as the company had hoped. «We released multiple new titles, including major titles such as 'Final Fantasy 16' and 'Final Fantasy 7 Rebirth,' but profits unfortunately did not meet our expectations,» Kiryu said.
Foamstars is going free to play.
Square Enix has announced a release date for the PC version of Final Fantasy 16.
Square Enix could switch to Unreal Engine 5 for development of the final part of its Final Fantasy 7 remake trilogy.
Square Enix appears to have learnt its lesson when it comes to sparkly new technology—just with a considerable input delay. Earlier this year, Square Enix's president Takashi Kiryu spoke glowingly of generative AI, which carried strong echoes of the company's equally ill-timed love affair with NFTs.
has generally been a big success among the community, but its impact on the future of the franchise might be a little more complicated. There's no stopping the trilogy train now, and the third game in the franchise can certainly be expected in a few more years. When it comes to other remake prospects in the series, however, a big change in how Square Enix is releasing the games seems like it may be the only hope of keeping things going.
The relatively new Square Enix president Takashi Kiryu has been making some big decisions in reviewing the company's development process "from scratch". The reasoning behind such moves is now becoming clearer thanks to Square Enix's financial results, with the company warning investors earlier this month they could expect to see heavy losses, alongside which it announced the cancellation of various projects with a sunk development cost of around $140 million, and layoffs across Europe and the US.