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Square announces financial loss

  Square announced today their financial results for the half-year, which were plagued with heavy losses due to the film Final Fantasy: Spirits Within. The movie is said to have caused Square to lose $82 million, however, for the half-year the company reported only a $30 million loss. These numbers are a 14% decrease from last year, but are not necessarily reflecting software sales, as Final Fantasy X has exceeded 2.5 million shipments in Japan. Square is expecting a heavy increase in sales, as FFX hits North America this winter along with Kingdom Hearts and All-Star Pro Wrestling 2001arriving in Japan.

11/5/2001 Matt Stensrud

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