Today Square Enix posted a transcript of the latest financial results meeting hosted in Tokyo, and it included interesting information from CEO Yosuke Matsuda.
First of all, we learn that the primary purpose of the sale of most of the company’s western assets was a reorientation of the company’s portfolio, including a step-up of online games for the North American and European markets. On top of that, Square Enix retains ownership of the Just Cause IP and a new game is in development.
Matsuda-san also clarified that the proceeds from the sales will not be utilized to fund new investments in the NFT and Blockchain fields. They will instead be used on the development of core games and “solid IP.” INvestment in NFT and Blockchain will be funded via other means.
The CEO admitted that multiple HD Games (single-player games for consoles and PC) haven’t done so hotly in recent years, but teased multiple games belonging to existing IP featuring “high-level of quality.”
Lastly, he clarified that, despite what was mentioned above, the focus for the overseas market won’t be exclusively on online games, but they’re a key area of interest.
