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SQUARE ENIX HOLDINGS CO.,LTD., First Half Ordinary Profit Decreases by 31%, July-September Ordinary Profit Decreases by 83%

Fri Nov 8, 2024 3:30 pm JST Earnings

9684 SQUARE ENIX HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

SQUARE ENIX HOLDINGS CO.,LTD. <9684> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 30.6% from the same period last year to 18.1 billion yen. The progress rate against the 40 billion yen full-year plan was 45.4%, also falling below the five-year average of 59.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 41.8% from the same period last year, reaching 21.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 2.84 billion yen, a 83.2% decrease compared to the same period last year. The operating profit margin decreased from 16.5% in the same period last year to 11.8%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 163,392 26,044 45,133 39,473 110.0 82.5 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 172,046 17,337 26,124 16,623 46.2 62.9 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 157,591 21,176 18,141 11,750 32.6 45.4 Nov 8, 2024 J-GAAP
YoY -8.4% +22.1% -30.6% -29.3% -29.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 9.33 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 157,591 21,176 18,141 11,750 32.6 9.33 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 184,298 15,221 15,417 -1,711 -4.8 9.34 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 152,409 18,824 21,859 16,250 45.1 14.34 Nov 8, 2024 J-GAAP
YoY -17.3% +23.7% +41.8% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 343,267 44,331 54,709 49,264 137.2 41.33 May 12, 2023 J-GAAP
Mar, 2024 356,344 32,558 41,541 14,912 41.5 12.67 May 13, 2024 J-GAAP
Mar, 2025 Guidance 310,000 40,000 40,000 28,000 77.7 23.67 May 13, 2024 J-GAAP
YoY -13.0% +22.9% -3.7% +87.8% +87.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 86,377 14,240 16,946 10,323 28.7 16.5 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 85,566 17,581 14,786 10,145 28.2 20.5 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 98,732 -2,360 631 -11,856 -33.0 -2.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 69,915 10,844 15,297 10,620 29.5 15.5 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 87,676 10,332 2,844 1,130 3.1 11.8 Nov 8, 2024 J-GAAP
YoY +1.5% -27.4% -83.2% -89.1% -89.1%

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