SQUARE ENIX HOLDINGS CO., LTD. Reports Revisions to Consolidated Results Forecasts
TOKYO, Nov. 1, 2010 /PRNewswire/ -- SQUARE ENIX HOLDINGS CO., LTD. (the "Company") (Code: 9684, Tokyo Stock Exchange) announced today revisions to the Company's consolidated results forecasts for the six-month period ended September 30, 2010 announced on August 6, 2010.
1. Revision to Consolidated Results Forecasts for the Six-Month Period Ended September 30, 2010 (April 1, 2010 through September 30, 2010)
(Millions of yen, rate of change in percents and per share data)
Rate of change
[Reference] Results for the six-month period ended September 30, 2009
2. Factors Causing the Revision
Under a challenging operating environment, net sales for the six-month period ended September 30, 2010 were impacted by sales of new game software releases which experienced relatively slower growth.
Operating income outperformed the Company's forecasts due to contribution from highly profitable carryover sales of major titles released in March of the previous fiscal year and strong performance from the Publication segment.
Further, revised forecasts include a non-operating foreign exchange loss and extraordinary losses including a loss on sale of property and equipment and the impact of a change in accounting standard for asset retirement obligations.
There are no changes to the consolidated results forecasts for the fiscal year ending March 31, 2011.
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.
SOURCE SQUARE ENIX HOLDINGS CO., LTD.