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We would now like to begin the Financial Results Briefing session of SQUARE ENIX HOLDINGS (the “Company”) for the fiscal year ended March 31, 2022 (“FY2022/3”).Today’s presenters are:Yosuke Matsuda, President and Representative Director, andAtsushi Matsuda, Chief Accounting Officer.
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First, Mr. Matsuda, our Chief Accounting Officer, will give an overview of the Company’s financial results for FY2022/3, and then our president Mr. Matsuda will discuss the progress made by each of the Company’s business segments.
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In FY2022/3, the Company booked net sales of ¥365.2 billion (up ¥32.7 billion YoY), operating income of ¥59.2 billion (up ¥12 billion), ordinary income of ¥70.7 billion (up ¥20.8 billion), and net income attributable to parent company shareholders of ¥51 billion (up ¥24.1 billion).
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I will next break down our results by segment. The Digital Entertainment segment posted net sales of ¥279.6 billion (up ¥15.7 billion) and operating income of ¥58.9 billion (up ¥8.4 billion).
While the HD Games sub-segment released titles such as “OUTRIDERS,” “Marvel’s Guardians of the Galaxy”, and “NieR Replicant ver.1.22474487139…” its net sales were lower than in the previous fiscal year, which had seen the release of such titles as “FINAL FANTASY VII REMAKE” and “Marve’s Avengers.”
Net sales rose YoY in the MMO sub-segment thanks not only to sharp growth in paying subscriber numbers for “FINAL FANTASY XIV,” but also to the release of an expansion pack for that title.
The Games for Smart Devices/PC Browser sub-segment saw somewhat weak performances from existing titles, but its net sales rose YoY due to the application of revised revenue recognition standards.
The Amusement segment booked net sales of ¥45.8 billion (up ¥11.5 billion) and operating income of ¥2 billion (an operating loss of ¥1.5 billion in the previous fiscal year). Net income rose YoY, and the operating income line turned into the black, unlike the previous fiscal year, when the segment sustained a significant impact from the temporary closure of amusement facilities in Japan, a move undertaken to combat the spread of COVID-19 in response to the Japanese government’s declaration of a state of emergency.
The Publication segment booked net sales of ¥29 billion (up ¥2.2 billion) and operating income of ¥12.2 billion (up ¥600 million). The YoY rise in net sales and operating income owed not only to brisk sales of digital media, but also to solid sales of print media driven in part by the major success of “My Dress-Up Darling.”The Merchandising segment booked net sales of ¥14 billion (up ¥4.6 billion) and operating income of ¥3.9 billion (up ¥1.7 billion). Brisk sales of new character merchandise based on the Group’s owned content contributed to the YoY growth in net sales and operating income. This concludes my overview of our FY2022/3 financial results.
The information on the future forecasts described in this material is current as of May 13, 2022. The company is not obliged to update or correct forecasts concerning the Company’s future results, including forecasts or outlook, if new information becomes available and/or events occur after May 13, 2022.