EnixSquare?

According to Nikkei.co.jp, Enix and Square are planning a merger in April 2003. 'Translated' version inside...

ENIX and Square, a major game company, announced on the 26th that they merge on April 1, next year. A merger of major game makers is the first. Competition is intensifying by increase of development expense, or an overseas maker's rise, and the game industry strengthens a profit base while heightening development power by merger.

A new company name is "ENIX, Square," and President Yoichi Wada of Square is inaugurated as the president. A surviving company is ENIX. 0.81 stocks of ENIX stocks are assigned to one stock of Square stock. A merger new company will expect the consolidated sales of 80 billion yen, and net earnings of 15 billion yen at the term ended March, 2005.

Square is holding "Final Fantasy" and ENIX is holding the "Dragon Quest" series and popular software. Failure of a movie enterprise is echoed and Square will fall to the consolidated net loss for two consecutive terms by the first half. Management -- the Sony group takes over capital increase -- was getting worse. On the other hand, since achievements were large and ENIX was changed by the existence of hot-selling product "DORAKUE" sale, strengthening of a profit base was years of subject.

src:Nikkei.co.jp

Share on Twitter or Facebook

Comments