Square Enix announced revised earnings expectations today.
The revision is blamed on several factors, including slower than expected sales of a ”major HD” game, “sluggish sales” of major arcade machines that were released during the three month-period ended September 30, 2012 experienced sluggish sales as well as delays of the launch of social game service launch, which resulted in decrease of service revenues and up-front expenditure of development costs.
In addition Square Enix anticipates “ uncertainties of the business environment” will continue in the second half of the fiscal year. The company expects a loss of 5.4 billion yen (US$67.8 million).
Square Enix’s stock price plummeted over 5% in Japanese trading after the news.
Find Square Enix’s full revision statement here (English, PDF).