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

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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	329.9	82.5	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	172,046	17,337	26,124	16,623	138.7	62.9	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	157,591	21,176	18,141	11,750	97.9	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	－	28	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	157,591	21,176	18,141	11,750	97.9	28	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	-14.3	28	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	152,409	18,824	21,859	16,250	135.4	43	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	411.6	124	May 12, 2023	J-GAAP
Mar, 2024	356,344	32,558	41,541	14,912	124.4	38	May 13, 2024	J-GAAP
Mar, 2025 Guidance	310,000	40,000	40,000	28,000	233.2	71	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	86.1	16.5	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	85,566	17,581	14,786	10,145	84.6	20.5	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	98,732	-2,360	631	-11,856	-98.9	-2.4	May 13, 2024	J-GAAP
Apr - Jun, 2024	69,915	10,844	15,297	10,620	88.5	15.5	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	87,676	10,332	2,844	1,130	9.4	11.8	Nov 8, 2024	J-GAAP
YoY	+1.5%	-27.4%	-83.2%	-89.1%	-89.1%