Square Enix has slashed net income projections by 90% for the current fiscal year.

Net income projections for the current fiscal year, ending March 31st, 2011, are still positive for Square Enix but not as good as initially anticipated. Square Enix has reduced expectations from �12 billion to only �1 billion for the year.

Overall sales for the company has gone down 18.8% according to QJ, while expected revenues are down to �130 billion from �160 billion.