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SQUARE ENIX HOLDINGS CO., LTD.
1H FY2023/3 Financial Results Briefing Session Q&A
Date/Time: November 7, 2022 (Mon); 6:30-7:30 pm (JST)
Main Speaker: Yosuke Matsuda, President and Representative Director
Q&A
Q: What was the reason for the QoQ decline in the operating income margin in Q2 in the Digital Entertainment segment?
A: This was mainly due to development cost amortization and advertising costs associated with new titles released at the end of Q2 outweighing the sales that they had generated at that point in time.
Q: You said you were aiming for profit growth in FY2023/3. How do you intend to catch up in 2H?
A: In 2H, we plan to release a variety of new titles, including FORSPOKEN. In addition, based on market trends in 1H, we will also strive to recognize growth in other segments.
Q: My understanding had been that FY2023/3 was to be a year of advancing structural reforms designed to improve profitability. However, you said you are targeting profit growth this year as well. How do you intend to deliver both structural reform and profit growth at the same time?
A: We do not dispute that the implementation of the structural reforms will have an impact on our earnings, but we nonetheless intend to pursue growth by releasing multiple new titles in the HD Games sub-segment in 2H.