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SQUARE ENIX, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 34%
9684 SQUARE ENIX HOLDINGS CO.,LTD. 【J-GAAP】
Earnings ReportSQUARE ENIX HOLDINGS CO.,LTD. <9684> [TSE Prime] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 53.1 billion yen, an increase 40.8% compared to the same period last year.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 34.1%, from the previous forecast of 41.0 billion yen to 55.0 billion yen (compared to 40.9 billion yen in the previous period), increasing the growth rate from 0.1% to 34.3%.
Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 2.1 times, from the previous forecast of 12.4 billion yen to 26.4 billion yen (compared to 22.7 billion yen in the same period of the previous year), turning to a 16.0% increase in the consolidated ordinary profit outlook.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 25.5% from the same period last year, reaching 24.6 billion yen. The operating profit margin jumped from 13.4% in the same period last year to 23.4%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 257,612 | 34,918 | 40,910 | 26,768 | 74.4 | 98.5 | Feb 5, 2024 | J-GAAP |
| Apr - Dec, 2024 | 248,519 | 33,381 | 37,759 | 24,718 | 68.7 | 92.2 | Feb 7, 2025 | J-GAAP |
| Apr - Dec, 2025 | 215,455 | 46,387 | 53,169 | 25,607 | 71.0 | 96.7 | Feb 5, 2026 | J-GAAP |
| YoY | -13.3% | +39.0% | +40.8% | +3.6% | +3.5% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Prev | 146,105 | 13,722 | 12,447 | 6,848 | 19.0 | 25 | Nov 6, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 146,105 | 21,722 | 26,447 | 16,948 | 47.0 | 25 | Feb 5, 2026 | J-GAAP |
| Revision Rate | 0.0% | +58.3% | +112.5% | +147.5% | +147.5% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 280,000 | 41,000 | 41,000 | 16,900 | 46.9 | 43 | Nov 6, 2025 | J-GAAP |
| Mar, 2026 New | 280,000 | 49,000 | 55,000 | 27,000 | 74.9 | 43 | Feb 5, 2026 | J-GAAP |
| Revision Rate | 0.0% | +19.5% | +34.1% | +59.8% | +59.8% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 166,915 | 19,404 | 22,798 | 12,664 | 35.2 | 33.67 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 146,105 | 21,722 | 26,447 | 16,948 | 47.0 | 25 | Feb 5, 2026 | J-GAAP |
| YoY | -12.5% | +11.9% | +16.0% | +33.8% | +33.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 356,344 | 32,558 | 41,541 | 14,912 | 41.5 | 12.67 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 324,506 | 40,580 | 40,939 | 24,414 | 67.8 | 43 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 280,000 | 49,000 | 55,000 | 27,000 | 74.9 | 43 | Feb 5, 2026 | J-GAAP |
| YoY | -13.7% | +20.7% | +34.3% | +10.6% | +10.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 90,928 | 12,205 | 19,618 | 12,968 | 36.0 | 13.4 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 75,987 | 7,199 | 3,180 | -304 | -0.8 | 9.5 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 59,275 | 9,018 | 6,889 | 4,804 | 13.3 | 15.2 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 74,620 | 18,260 | 21,664 | 5,248 | 14.6 | 24.5 | Nov 6, 2025 | J-GAAP |
| Oct - Dec, 2025 | 81,560 | 19,109 | 24,616 | 15,555 | 43.2 | 23.4 | Feb 5, 2026 | J-GAAP |
| YoY | -10.3% | +56.6% | +25.5% | +19.9% | +19.8% |
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