Outline of Results Briefing held on August 6, 2019 | Investor Relations

1 2 3 4 5

Outline of Results Briefing held on August 6, 2019

: We would now like to begin the Financial Results Briefing Session of SQUARE ENIX HOLDINGS (the “Company”) for the first quarter of the fiscal year ending March 31, 2020 (“1Q FY2020/3”). Today’s presenters are: Yosuke Matsuda, President and Representative Director, and Kazuharu Watanabe, Chief Financial Officer.

: First, Mr. Watanabe will give an overview of the Company’s financial results for 1Q FY2020/3, and then Mr. Matsuda will discuss the progress made by each of the Company’s business segments.

: Good afternoon. I’m Kazuharu Watanabe. I will start by describing a change to our accounting policy. Through FY2019/3, earnings from digital content, which consists primarily of smart device games and digital sales of HD games, had previously been recognized upon receipt of the sales data report, which occurred with a one-month lag. However, as of FY2020/3, we are posting such earnings the same month in order to better reflect actual economic conditions. We have also　 retroactively applied this change to figures for FY2019/3. As a result, net sales and operating income for 1Q FY2019/3 fell by ¥677 million and ¥387 million, respectively. Full-year net sales and operating income for FY2019/3 meanwhile rose by ¥227 million and ¥103 million, respectively.

1 2 3 4 5

The plans, forecasts, strategies and ideas described in this material are descriptions of forecasts of future results. These descriptions rely on information available as of the date of production of this material and are based on assumptions and judgment made by the Company’s management. Readers are advised not to rely solely on these forecasts. Readers should also not assume that these forecasts are accurate or valid information, even after the date of public release. There are many factors that may cause actual results to vary considerably from the forecasts, and in some cases actual results may be inferior to forecasts.
The information on the future forecasts described in this material is current as of August 6, 2019. 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 August 6, 2019