Square Enix Co., Japan's second-largest game software publisher, plans to acquire companies domestically or in countries including India and China to accelerate profit growth.
"Acquisitions and alliances will be the cornerstone of our growth strategy this year and next," President Yoichi Wada said in an interview Friday, without elaborating. "We are an entertainment content provider, so you won't see us buying business software or food and beverage companies."
The company last made an acquisition in 2005, when it bought Taito Corp., a Japanese arcade game maker that created the "Space Invaders" title.
Tokyo-based Square Enix, formed in 2003 when Square Co. merged with Enix Corp., has closed unprofitable stores to help meet a goal of turning the arcade business to profit this fiscal year.
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