Square Enix raises forecast as FF7 Rebirth sells well

Square Enix has raised its full-year forecast. Square Enix's official November 11 earnings release shows net sales up 21.9% in the first half of the fiscal year, with operating income up 42.2%.

The figures cover April 1 to September 30, 2026, when net sales reached 163.2 billion yen. The company credits most of the growth to games. Square Enix has also been announcing new projects lately, as in our Dragon Quest RPG mobile closed beta story.

How much did Square Enix raise its forecast?

Square Enix's medium-term plan progress report shows the old and new targets side by side. The company had expected 298 billion yen in net sales this year and now expects 310 billion yen. Operating income guidance rises from 49 billion to 59 billion yen, and net profit from 31 billion to 37 billion yen. The dividend stays at 43 yen per share.

Square Enix first-half results at a glance

• Net sales: 163.2 billion yen, up 21.9%
• Operating income: 38.8 billion yen, up 42.2%
• Net profit: 28.6 billion yen, up 184%
• Games sold: 14.87 million units (9.93 million a year earlier)
• Digital share: about 90%
• New net sales target: 310 billion yen

Which games drove Square Enix's growth?

Most of the growth came from the Digital Entertainment segment. Its sales rose from 73 billion to 97.6 billion yen, and its operating income from 20 billion to 32.8 billion yen. HD games brought in 35.6 billion yen, with profit up from 5 billion to 13 billion yen.

The company highlights two games. The first is Final Fantasy VII Rebirth, which launched on Switch 2, Xbox Series X|S and Windows in June. The second is The Adventures of Elliot: The Millennium Tales. Catalog sales grew as well. GamesRadar's report on the Square Enix results reads this as proof that the push to bring games to more platforms is paying off.

Other parts of the business grew too. The announcement of Final Fantasy XIV's next expansion lifted player activity, as covered in our FFXIV Evercold February 2027 release date story. On mobile, Dissidia Duellum Final Fantasy and Dragon Quest Smash/Grow added to sales.

How big is the digital share now?

Square Enix sold 14.87 million games in the first half. Of those, 13.35 million were digital and 1.52 million physical, so about 90% of sales were digital. In North America and Europe, digital sales rose from 5.83 million to 8.19 million, while physical sales slipped from 1.09 million to 1.01 million. Nintendo Life's report on the Square Enix forecast also points to this shift.

What does it mean for players?

These results back Square Enix's multiplatform plan. The company's presentation lists Final Fantasy VII Revelation for April 2027, and Nintendo Life says the Switch 2 version will launch on the same day as the others this time. That means a shorter wait for Nintendo players. Older Square Enix games keep landing on subscription services as well, as in our Dragon Quest III on PS Plus Extra story. For a look at the Rebirth cast, see our Final Fantasy 7 Rebirth playable characters guide.

Frequently asked questions

How much did Square Enix raise its forecast?

Square Enix's November 11 presentation shows the company raised its net sales forecast for the year ending March 2027 from 298 billion yen to 310 billion yen. Operating income guidance rose from 49 billion to 59 billion yen.

Which games drove Square Enix's growth?

The company points to Final Fantasy VII Rebirth on Switch 2, Xbox Series X|S and Windows, and The Adventures of Elliot: The Millennium Tales. Catalog sales also grew.

When does Final Fantasy VII Revelation launch?

Square Enix's presentation lists Final Fantasy VII Revelation for April 2027. Nintendo Life reports the date as April 8, 2027, with the Switch 2 version launching on the same day as other platforms.

Sources

• Square Enix Holdings: Financial Results for the Six-Month Period Ended September 30, 2026
• Square Enix Holdings: Financial Results Briefing Session
• Square Enix Holdings: Progress Report on the Medium-Term Business Plan
• Nintendo Life: Square Enix's Big Reset Is Working As It Increases Its Full-Year Forecast
• GamesRadar+: Final Fantasy 7 Rebirth and other JRPG hits help Square Enix to a 21.9% sales boost