We would now like to begin the SQUARE ENIX HOLDINGS CO., LTD. Briefing Session of Revisions to Consolidated Results Forecasts for the Fiscal Year ending March 2013.
Yoichi Wada, President and Representative Director, and Yosuke Matsuda, Representative Director, are here today to present this session.
Yoichi Wada will open the briefing session with details and clarifications on the recent revisions to consolidated results forecasts.
Thank you for your attendance today; I apologize for the short notice and setting this session at such a busy time of the day.
I recognize that the revisions to consolidated results forecasts for the current FY ending March 2013 are shocking, and I sincerely apologize to our shareholders and investors for the poor performance and not meeting your expectations.
Forecasts announced at the previous revisions were ¥150 billion in net sales and ¥7.5 billion in operating income, however the revisions made official today are ¥145 billion in net sales and an operating loss of ¥6 billion. On top of the ¥5 billion recurring loss, we are posting a substantial amount as extraordinary loss, and taking tax effects into consideration, we are looking at a net loss of ¥13 billion against the bottom line.
The information on the future forecasts described in this material is current as of March 26, 2013. 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 March 26, 2013.