Square-Enix has revised its financial forecast for the year-ended March 31st, with the company now expecting an 'extraordinary loss.
According to the new report, "The Company forecasts that actual business results from its Digital Entertainment Segment to substantially fall below its plan primarily due to slow sales of major console game titles in North American and European markets.
"The Company is also experiencing sluggish performance of its arcade machine business. In addition to these factors, the Company expects to incur extraordinary loss about loss from restructuring in the settlement of the account for its fiscal year ending March 31, 2013.
In view of the rapidly changing environment of the game businesses, Square has decided to implement major reforms and restructuring in its development policy, organizational structure, some business models, and other areas.
The Company expects to incur loss of approximately 10 billion Yen from such restructuring efforts to be recognized as extraordinary loss from restructuring in the settlement of the account for its fiscal year ending March 31, 2013.
It seems that it will take more than Tomb Raider to turn around this publishers fortunes.