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Looks like Square Enix just quietly delayed a major title, might be about to close a studio

Looks like Square Enix just quietly delayed a major title, might be about to close a studio

Written by Brayden — 13 May 2019

Earlier this year Square Enix's fiscal report had them set for a huge year between April 2019 and March 2020 with a forecast profit of 40-50 million Yen.

This has led many to believe they had a major title scheduled to launch within the period.

But today Square Enix released an update to their fiscal report and this has seen their forecast profit drop massively to 24 million Yen.

As a result, it appears that if a major title was in fact set to launch before the end of March 2020 it has been delayed.

The only major titles announced by Square Enix right now are Final Fantasy VII Remake and The Avengers project.

But if that wasn't enough, it looks like they may be closing a studio. Studio Istolia which was headed by Hideo Baba formerly of Bandai Namco has now seen their social media pages and official website taken down. This follows Baba leaving the studio and Square Enix recently.