Square

Nexon FY2020 Q4 Earnings Conference Call: Q&A Summary

The Nexon FY2020 Q4 earnings conference call provides a strategic overview of the company’s performance, focusing on its transition from a traditional game developer to a virtual worlds operator.

• Nexon’s flagship title, Dungeon&Fighter in China, saw a 30% year-over-year sales decline in Q1 2021 and a significant drop in Monthly Active Users from 27.4 million in Q4 2019 to 17.3 million in Q4 2020.
• Management is pivoting the company's strategy from traditional game development to operating virtual worlds, treating existing intellectual property as long-term assets similar to physical theme parks.
• Future growth depends on three key upcoming releases: the mobile version of Dungeon&Fighter, KartRider: Drift, and an unannounced project from Embark Studios.

Square Enix Holdings Financial Results: Nine-Month Period Ended December 31, 2020

Square Enix Holdings reported strong financial growth for the nine-month period ending December 31, 2020, characterized by significant increases in net sales and operating income compared to the same period in the previous fiscal year.

• Square Enix reported a strong nine-month performance ending December 31, 2020, with net sales reaching 253.6 billion yen and operating income rising to 41.0 billion yen, a significant increase from 27.7 billion yen in the same period the previous year.
• The Digital Entertainment segment drove growth through major HD game releases like 'FINAL FANTASY VII REMAKE' and 'Marvel's Avengers,' alongside strong performance in smart device and PC browser titles such as 'DRAGON QUEST WALK' and 'DRAGON QUEST TACT.'
• The Amusement segment suffered a sharp decline, recording an operating loss due to COVID-19-related facility closures through mid-June 2020, with quarterly net sales bottoming out at 4.6 billion yen in Q1 FY2021/3.

Suplement Nr 1 do Prospektu PCF Group S.A.

This supplement serves as a formal update to the PCF Group S.A. prospectus, originally approved on November 25, 2020.

• Publisher Square Enix postponed the release of PCF Group S.A.'s shooter RPG Outriders from February 2, 2021, to April 1, 2021.
• The delay was a strategic marketing decision to launch a free playable demo on February 25, 2021, rather than a result of COVID-19-related operational disruptions.
• The schedule change necessitated formal revisions to the company's original November 25, 2020, prospectus, specifically impacting risk summaries and financial analysis sections.

Raport Bieżący Nr 1/2021

PCF Group S.A. issued a formal notification regarding a strategic adjustment to the release schedule for its high-profile title, Outriders.

• PCF Group S.A. and publisher Square Enix Limited delayed the global launch of the game Outriders from February 2, 2021, to April 1, 2021.
• The two-month delay is part of a revised marketing and distribution strategy intended to optimize the title's market entry.
• A free playable demonstration will be released on February 25, 2021, five weeks prior to the full launch date.

PCF Group S.A. Prospectus

PCF Group S.A., a Warsaw-based developer specializing in high-budget AAA shooter games, issued this prospectus to facilitate a public offering of up to 4,125,024 shares, comprising both existing Series A shares and newly issued Series B shares.

• PCF Group S.A. is launching a public offering of up to 4,125,024 shares on the Warsaw Stock Exchange to raise 85–95 million PLN for international expansion and new IP development.
• The company is transitioning toward a self-publishing model while continuing its work-for-hire partnerships with major publishers including Square Enix and Take-Two Interactive.
• Financial performance showed strong growth, with revenues increasing from 44.1 million PLN in 2017 to 83.9 million PLN in 2019, alongside a profitability surge in the first half of 2020.

Square Enix Holdings 2Q FY2021/3 Financial Results Briefing

Square Enix Holdings reported strong financial growth for the first half of the fiscal year ending March 31, 2021, driven primarily by robust performance in its Digital Entertainment segment.

Aiming Quarterly Report: Q3 10th Term

This quarterly report for Aiming Inc. covers the third quarter of the 10th fiscal year, spanning from July 1, 2020, to September 30, 2020.

Square Enix Holdings Financial Results: Six-Month Period Ended September 30, 2020

Square Enix Holdings reported strong financial growth for the six-month period ending September 30, 2020, characterized by a significant increase in net sales and operating income despite the global challenges posed by the COVID-19 pandemic.

• Square Enix reported strong growth for the six-month period ending September 30, 2020, with net sales reaching 172.7 billion yen, a 52 billion yen increase compared to the same period in 2019.
• Operating income rose to 31.6 billion yen, representing an 18.3% operating margin, up from 13.2% in the previous year's first half.
• The Digital Entertainment segment drove performance, with games for smart devices and PC browsers seeing significant gains from titles including 'DRAGON QUEST WALK,' 'WAR OF THE VISIONS: FINAL FANTASY BRAVE EXVIUS,' and 'DRAGON QUEST TACT.'

Square Enix Holdings 1Q FY2021/3 Financial Results Briefing

Square Enix Holdings reported strong financial performance for the first quarter of the fiscal year ending March 31, 2021, driven primarily by robust growth in its Digital Entertainment segment.

• Square Enix reported strong 1Q FY2021/3 results with net sales of ¥87.0 billion, a year-over-year increase of ¥33.7 billion, and operating income of ¥24.5 billion, up ¥17.4 billion.
• The Digital Entertainment segment drove the company's performance, generating ¥74.3 billion in net sales through successful console releases like Final Fantasy VII Remake and Trials of Mana, alongside growth in MMO subscriptions.
• The Amusement segment recorded an operating loss of ¥1.5 billion due to COVID-19-related facility closures in Japan, which caused a sharp decline in revenue.

Financial Results Briefing Session: Three-Month Period Ended June 30, 2020

Square Enix Holdings reported strong financial growth for the first quarter of the fiscal year ending March 31, 2021, driven primarily by the robust performance of its Digital Entertainment segment.

• Square Enix reported a significant year-on-year increase in Q1 FY2021/3 performance, with net sales rising to 87.0 billion yen and operating income reaching 24.5 billion yen, up from 53.3 billion yen and 7.1 billion yen respectively in the same period last year.
• The Digital Entertainment segment drove the majority of growth, with operating income surging to 26.0 billion yen, fueled by strong digital sales of 'FINAL FANTASY VII REMAKE' and increased monthly subscribers for 'FINAL FANTASY XIV'.
• Total game units sold (discs and downloads) nearly doubled year-on-year, growing from 3.25 million units in Q1 FY2020/3 to 6.21 million units in Q1 FY2021/3.

Square Enix Holdings Consolidated Financial Results: Three-Month Period Ended June 30, 2020

Square Enix Holdings reported strong consolidated financial results for the three-month period ending June 30, 2020, characterized by significant year-over-year growth in net sales and operating income.

• Square Enix reported a significant surge in financial performance for the three-month period ended June 30, 2020, with net sales rising 63.2% year-on-year to ¥87,054 million and operating income jumping 241.4% to ¥24,549 million.
• The Digital Entertainment segment was the primary growth driver, achieving ¥74,363 million in net sales (up 100.1%) and ¥26,069 million in operating income (up 242.0%) due to strong digital sales and the performance of titles like 'FINAL FANTASY XIV', 'DRAGON QUEST WALK', and 'TRIALS OF MANA'.
• Profit attributable to owners of the parent reached ¥14,372 million, a 248.6% increase compared to the same period in 2019, despite an extraordinary loss of ¥2,226 million related to COVID-19-driven arcade closures.

Aiming FY2020 Q2 Financial Results

The financial results for Aiming for the second quarter of the fiscal year ending December 2020 reflect a period of ongoing operational losses, though the company demonstrates a narrowing deficit compared to the previous year.