Outline of Results Briefing by SQUARE ENIX HOLDINGS held on November 6, 2015
-
Print
- (Continued from previous page.)
-
Next, please refer to page 6 of our Consolidated Financial Results (Tanshin). We posted an extraordinary loss of ¥1.1 billion associated with US subsidiary Shinra Technologies, Inc. The wholly-owned subsidiary is still in the business development phase, meaning that it as of yet has no sales to offset initial costs. This resulted in a decline in net asset value, which we booked as a valuation loss in accordance with accounting standards.
This ends explanation on the 1H results outline.
-
I am Yosuke Matsuda. I will be discussing our earnings and our future outlook. Here you see our net sales quarter by quarter. Net sales grew QoQ in 2Q.