SQUARE ENIX HOLDINGS CO., LTD. Reports Financial Results for the Fiscal Year Ended March 31, 2011
TOKYO, May 13, 2011 /PRNewswire/ -- SQUARE ENIX HOLDINGS CO., LTD. (the "Company") today announced consolidated results for the fiscal year ended March 31, 2011. The Company is listed on the Tokyo Stock Exchange, First Section with the stock code "9684" and prepares its financial statements according to Japan GAAP.
(millions of yen, except percentages and per share data)
FY ended 3/11
FY ended 3/10
Net income (loss)
For additional information, please refer to the full-length Consolidated Financial Results document here: http://www.square-enix.com/11q4earnings.pdf, or the Company's IR website: www.square-enix.com/eng/ir
Management comments from Yoichi Wada, President and Representative Director:
"Our Group experienced significantly lower sales and profit during the fiscal year mainly due to weak performance of console game titles released during the year as well as the impact of a continued delay in billing for a key online title, which was newly launched during the year.
"Further, under a rapidly changing operating environment and more prudent estimates of future cash flows, the Company wrote down goodwill (approximately 8.8 billion yen). Project development cancellation and related losses (approximately 4.5 billion yen) as well as losses caused by natural disaster (approximately 0.6 billion yen) were also factors in the recording of total extraordinary losses of 16.0 billion yen.
"In the fiscal year ending March 31, 2012, we are very focused on the Group's key strategic initiatives of globalization, becoming 'network centric', and strengthening our own-IPs as we work to generate a substantial earnings recovery from the fiscal year ending March 31, 2013 and beyond."
About Square Enix Holdings Co., Ltd.
Square Enix Holdings Co., Ltd. with headquarters in Tokyo, Japan, is a holding company leading the Square Enix Group with a diverse range of content and service businesses. The Square Enix Group publishes, distributes and licenses entertainment content around the world under its internationally renowned brands including SQUARE ENIX®, EIDOS® and TAITO®. The Square Enix Group includes a global network of leading development studios located in North America, Europe and Japan. The Group boasts a valuable portfolio of intellectual property including: FINAL FANTASY®, which has sold over 97 million units worldwide, DRAGON QUEST®, which has sold over 57 million units worldwide and TOMB RAIDER®, which has sold over 35 million units worldwide, and the legendary SPACE INVADERS®.
More information on Square Enix Holdings Co., Ltd. can be found at http://www.square-enix.com/eng/
The forward-looking statements in this document are based upon the information currently available, and necessarily include elements that are not entirely predictable. Actual results may differ from the forward-looking statements in this document.
DRAGON QUEST, EIDOS, FINAL FANTASY, SPACE INVADERS, SQUARE ENIX, the SQUARE ENIX logo, TAITO and TOMB RAIDER are registered trademarks or trademarks of the Square Enix Group. All other trademarks are the property of their respective owners.
SOURCE SQUARE ENIX HOLDINGS CO., LTD.
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