Sales of Square Enix games during the first nine months of the financial year were down 28 per cent on the same period the previous year.
Operating income also took a tumble, down 58 per cent.
It's all down to low console game sales and tough comparisons. In the first three months of the 2009 financial year the Japanese company launched both Dragon Quest IX and Final Fantasy XIII.
Highlights, though, included Dragon Quest Monsters Joker 2 and IO Interactive's divisive Kane & Lynch 2: Dog Days, both of which became million sellers.
Looking to the future, Square Enix outlined the raft of games it launches during Q4 January 2011 to the end of March.
PSP game Tactics Ogre Let Us Cling Together (25th February), 3DS game Puzzle Bobble 3D (3DS launch period), Final Fantasy spin-off DISSIDIA 012[duodecim] (spring 2011), Tomb Raider Trilogy pack (25th March), The 3rd Birthday (spring 2011) and Final Fantasy IV Complete Collection (spring 2011) will all launch.