SQUARE ENIX rises for third straight session on speculation fueled by monthly magazine report
SQUARE ENIX HOLDINGS CO., LTD. <9684> extended gains to a third straight session, driven by speculation sparked by a monthly magazine report.
SQUARE ENIX announced strong first-quarter earnings for the fiscal year ending March 2027 (April-June) after the market close on Aug. 10, reporting a roughly 30% year-on-year increase in sales and a 2.7-fold rise in operating profit. Titles including the "Final Fantasy VII Series" for Nintendo Switch 2 contributed to earnings growth, sending the stock to a year-to-date high the following session. Shares had since traded in a range.
Against this backdrop, the Sept. issue of monthly magazine "Sentaku" published an article on SQUARE ENIX. The magazine's website featured the headline: "Private buyout speculation surrounding Square Enix - foreign funds stir with anticipation." The report fueled speculation over a potential takeover bid (TOB) by fund investors, spurring buying.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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