Square Enix Says Sales of AAA Games Like Final Fantasy 7 Rebirth, Final Fantasy XVI Fell Short of Expectations

Shares of Square Enix Holdings Co. tumbled 16% in their biggest decline in 13 years after its president said sales of recent big-budget games disappointed and that it would take years for a recent reorganization to bear fruit.

Sales of Final Fantasy VII Rebirth, Final Fantasy XVI and Foamstars — all released exclusively for Sony Group Corp.’s PlayStation in the previous fiscal year — fell short of the Japanese game publisher’s expectations in both revenue and profit, Takashi Kiryu told analysts the previous day. The company now expects to earn an operating income of ¥40 billion this year, widely missing the average of analyst estimates of ¥57 billion. Its sales and dividend outlook also fell short of expectations.

Shares in Square Enix fell by their daily limit on Tuesday to a four-month interday low.

Kiryu, 48, has overhauled the company’s structure around big-budget games while scrapping many mobile and console games under development to focus on quality over quantity. The publisher’s also departing from its practice of releasing its top-tier games first on PlayStation, and will make them available to as many platforms as possible, including Nintendo Co.’s platforms, Microsoft Corp.’s Xbox and the PC, Kiryu said.

But it will take time for such efforts to translate into sales, he said.

“It may be great that the company’s overhauled its game-making pipelines and is rebooting the company, but what do they have to sell this year and next?” Toyo Securities analyst Hideki Yasuda said. Jefferies analyst Atul Goyal downgraded his recommendation on the stock to underperform and cut his target price to ¥4,600 per share.

Kiryu’s remarks suggest the company’s failed to lift sales momentum on Final Fantasy XVI, which investors had anticipated would bolster its bottom line after its June release last year. After the game’s tepid reception in its first week of sales, Kiryu had said the company planned to sustain sales of the title over the longterm. No sales figures have been released for Final Fantasy VII Rebirth and Foamstars.

Square Enix’s mobile games have also been struggling, with many games shut down in a little over a year due to poor sales. “Our winning formula is no longer effective,” Kiryu said. “It took us a long time to adjust the course.”

© 2024 Bloomberg L.P.


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PlayStation Plus Monthly Free Games for February Include Foamstars, Rollerdrome and Steelrising

Sony has announced the pack of free games coming to PlayStation Plus in February. The monthly games lineup includes the new 4v4 online party shooter Foamstars, shooter-skater hybrid Rollerdrome and the Soulslike action-RPG Steelrising. The three titles will be playable for PS Plus Essential, Extra, and Deluxe/ Premium members starting February 6. PS Plus subscribers can add the free games to their game library till March 4. Once added to the library, all three titles will be accessible as long as users have an active PS Plus subscription.

February’s monthly free games were announced on the PlayStation blog Wednesday. Sony is also handing out a few extra goodies in addition to the free games this month. All PS Plus members will get the Fall Guys Icons pack, that brings iconic Aloy and Ratchet & Clank in-game outfits. Meanwhile, PS Plus Premium/Deluxe members will get a two-hour time-limited trial for Marvel’s Spider-Man 2, starting February 6.

It’s also worth noting that PS Plus members have until February 5 to add last month’s free games — A Plague Tale: Requiem, Evil West and Nobody Saves the World — to their game library. Here’s what February’s free titles have in store:

Foamstars

Foamstars, a 4v4 party shooter from Square Enix, leads the monthly free games lineup as a day-one launch title on the PS Plus. The game, which seems heavily inspired by Nintendo’s Splatoon, features quirky characters battling while surfing around in soaped-up arenas. The game will launch with three PvP modes across three randomised maps.

The game will also feature a PvE mode, called Missions, bringing both solo and four-player co-op experiences. Square Enix has said that the game will be supported over the next year with post-launch seasonal content, which will include cosmetics, new playable characters, new maps, and additional game modes. Foamstars will be available on both PS5 and PS4.

Rollerdrome

Roll7’s unique third-person shooter, which also doubles as a skating game, arrives to PS Plus this month. The acclaimed title puts players in the roller blades of Kara Hassan, a contestant in a hybrid sport that pits armed roller skaters against one another in an arena. You shoot other contestants while pulling off neat tricks and survive to move to the next round. In fact, performing tricks grants you extra ammunition.

As you progress, you unlock better weapons to shoot through the rink. And ticking off optional challenges in each stage will bring additional rewards. The game also features a unique art style that contrasts with deadly nature of its titular sport. Rollerdrome will be available to download on PS5 and PS4.

Steelrising

Fans of action-RPGs that feature punishing melee combat have just the right game in Steelrising. This Soulslike is set in an alternate history Paris, where a robotic army triumphed in the French Revolution. Steelrising’s mechanical automatons evoke Lies of P’s puppets, and the game features gruelling action combat in the same vein. Developed by Spiders, Steelrising encourages and rewards aggressive play with a fast stamina regeneration system.

The setting also brings real-life figures from French history, as players engage in intense fights across the streets and rooftops of Paris. Steelrising will be available only on the PS5.

Last month, PlayStation also announced the list of new games coming to its Extra and Deluxe/ Premium tiers. New entrants to January’s game catalog include Resident Evil 2, Tiny Tina’s Wonderlands – Next-Level Edition, Hardspace: Shipbreaker and more.

PlayStation Plus Essential subscription in India starts at Rs. 499 per month, while the Extra and Deluxe tiers cost Rs. 749 and Rs. 849 per month, respectively.


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Rise of the Ronin, Stellar Blade, Death Stranding 2: Everything Announced at PlayStation’s State of Play

PlayStation hosted the year’s first State of Play games showcase early Thursday, bringing a host of new announcements, reveals and updates on upcoming releases. Sony presented a deep dive into two of its first-party titles, with extended gameplay trailers for Rise of the Ronin and Stellar Blade. The latter also finally received a release date — Shift Up’s action-adventure title is arriving April 26. Team Ninja’s Rise of the Ronin received a detailed gameplay trailer, showing off sword combat, special weapons, and traversal. We also got to know a bit more about the Edo period setting of the game, which takes right in the middle of the Japanese revolution.

The State of Play showcase also brought an in-depth look at Death Stranding 2 with a nearly 10-minute-long trailer that detailed new gameplay elements, the story beyond the first game and new and returning characters. Norman Reedus’ Sam Porter Bridges saved America in the first game, now he must save the world from extinction. Of course, as you’d expect from a Hideo Kojima game, the plot and story details remain cryptic at best. But hey, would you want it any other way? Kojima himself joined PlayStation Studios head Herman Hulst towards the end of the State of Play showcase and dropped a surprise. The iconic game director will be working on an action-espionage title (not Metal Gear Solid) for PlayStation, with development on the untitled game beginning after Death Stranding 2.

The showcase saw over a dozen announcements, including updates on the Silent Hill 2 remake, a new story trailer for Ken Levine’s Judas and an enhanced version of Until Dawn for PS5 and PC coming this year. State of Play also showed off a couple of PS VR2 titles, a new remastered Sonic game that brings the best 2D and 2D levels from the series and more. Sony also announced that the next State of Play, scheduled for February 6, will entirely focus on Final Fantasy VII: Rebirth. With that, here’s everything that was announced at PlayStation’s State of Play:

Rise of the Ronin – Gameplay trailer

Team Ninja’s Rise of the Ronin, which releases on the PS5 on March 22, got a 4-minute-long gameplay overview trailer at State of Play, detailed combat mechanics, swordplay, special weapons and seamless traversal. The game, which looks like Ghost of Tsushima’s first cousin, will also feature crucial player choices at key moments in the story that will affect the events going forward.

Set during 19th century Japan, right in the middle of the Bakumatsu period, Rise of the Ronin drops you into a period-accurate Yokohama. The trailer showcased Assassin’s Creed-style seamless urban traversal, with the player utilising their grappling hook to quickly climb up buildings, launch off and glide through the air using the ‘Avicula’ glider, and drop directly on to their horse to ride off. The trailer also detailed Katana combat, which includes attacks, guards and parries, with a focus on breaking enemy stance to deal damage. The grappling hook also lets you pull enemies closer and finish them off with style. Aside from Japanese swords and spears, you can also use Western firearms like handguns, rifles and other special ranged weapons like a flamethrower. While comparisons with Ghost of Tsushima are inevitable, Rise of the Ronin seems to retain the Team Ninja identity, with a focus on fast-paced, punishing and technical combat. The game arrives exclusively on the PS5 on March 22.

Stellar Blade

Stellar Blade finally received a release date at the State of Play showcase, along with a gameplay overview trailer. The game is set to arrive on the PS5 on April 26. Developers Shift Up also confirmed that pre-orders for the game will go live on February 7. Customers who pre-order the game will also receive cosmetic bonuses and in-game currency boosts.

The trailer detailed Stellar Blade’s hack-and-slash action combat and a few other game mechanics. The game puts players in the shoes of Eve, an off-world warrior sent to Earth to take on the Naytibas, monstrous invaders that have taken over the planet. Eve’s character design is bound to cause controversy — it doesn’t really make any sense for an adept warrior sent to defeat dangerous threats on a post-apocalyptic planet to be running around in skin-tight, anime-style apparel. She teams up with two other survivors, Adam and Lily, and sets off on a quest to reclaim Earth.

Death Stranding 2: On the Beach

Okay, there’s a lot to unpack here and it’s probably futile to even try. First off, DS2 has an official title — Death Stranding 2: On the Beach. The Death Stranding 2 trailer was exactly what one would expect a Death Stranding trailer to be — long, mysterious and completely insane. And of course, it showed off some gorgeous visuals and new environments, clearly showing the expanded ambitions of the sequel.

It’s hard to even describe everything that went down in the trailer. The baby is back. And so are familiar faces like Norman Reedus’ Sam and Léa Seydoux’s Fragile. There’s a new organisation, called the Drawbridge, in the mix now and we see Fragile give Sam a tour of a ship, now the new base of operations. She wants him to help bring the world back together, just like he helped reconnect the United Cities of America, or the UCA in the first game. There’s also a talking puppet now, who accompanies Sam on his hiking trips. The UCA intends to expand its borders and bring new regions under its fold, with Sam tasked with expanding the network.

The trailer shows off new vehicles, more BTs, stunning new environments, and a bunch of new gadgets to help you along the journey. Troy Baker’s Higgs, the main antagonist from the first game returns, too. This time, he’s wearing a metal-ninja armour, donning Joker-style face makeup and wielding an electrifying new guitar weapon. And the sequel will also tell us more about the bridge baby BB-28, or Lou, our companion throughout the whole first game. There’s no official release date for DS2 yet, but it’s due sometime next year.

Sonic X Shadow Generations

Sega revealed Sonic X Shadow Generations at the State of Play showcase, a remastered collection that brings together beloved 2D and 3D levels from Sonic Generations. The platformer will also include new content and an all-new standalone campaign for Shadow the Hedgehog. The game will arrive on PC, PS4, PS5, Xbox One, Xbox Series S/X and the Nintendo Switch in Autumn 2024.

Silent Hill 2 and Silent Hill: The Short Message

The Silent Hill 2 remake got a trailer at the State of Play showcase, dropping more gameplay footage from the game. We got to see the game’s third-person combat for the first time, in addition to the atmosphere, setting, some of the game’s horrible monstrosities.

Additionally, as a PT-like surprise, Konami also dropped a free short-form horror game, Silent Hill: The Short Message, which can be downloaded right now. The experimental title plays out from a first-person perspective and features a new protagonist, with commentary focussing on social media and smartphone-oriented lives of young people.

Judas

First revealed at The Game Awards 2022, Judas is an upcoming first-person shooter from Ghost Story Games, led by Bioshock maker Ken Levine. The new State of Play trailer for the game focussed on its story and player choices. The game is set in Mayflower, a spacefaring city, whose inhabitants — as the title suggests — could betray one another at any given moment.

The trailer also showed off the game’s combat, which would seem very familiar to Bioshock fans. Judas is set to arrive on PC, PS5 and Xbox Series S/X sometime next year.

Here’s everything else that was announced at State of Play

  • Zenless Zone Zero, action-RPG from Genshin Impact maker miHoYo, is coming to PS5 this year
  • Metro Awakening, story-driven first-person VR adventure from Vertigo Games, is coming to PS VR2 this year
  • Legendary Tales, VR action-RPG from Urban Wolf Games, arrives on PS VR2 on February 8
  • Until Dawn, the narrative-focussed survival horror PS4 title from Supermassive Games, is getting an enhanced edition for the PS5 and PC this year
  • Stunlock Studio’s action-RPG survival title V Rising is coming to PS5 this year
  • Dave the Diver, the contentious indie hit from 2023, is coming to PS5 and PS4 in April, along with a new Godzilla DLC
  • Foamstars Season 1 content details revealed, arriving February 6

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