C o r p o r a t e P h i l o s o p h y This philosophy represents our company's mission and the beliefs for which we stand. To spread happiness across the globe by providing unforgettable experiences This philosophy represents our company’s mission and the beliefs for which we stand. The Square Enix Group provides high-quality content, services, and products to help those customers create their own wonderful, Each of our customers has his or her own definition of happiness. The Square Enix Group provides high-quality content, services, and products to help those customers create their own wonderful, unforgettable experiences, thereby allowing them to discover a happiness all their own. Management Guidelines M a n a g e m e n t G u i d e l i n e s These guidelines reflect the foundation of principles upon which our corporate philosophy stands, and serve as a standard of value These guidelines reflect the foundation of principles upon which our corporate philosophy stands, and serve as a standard of value for the Group and its members. We shall strive to achieve our corporate goals while closely considering the following: 1. Professionalism 1. Professionalism We shall exhibit a high degree of professionalism, ensuring optimum results in the workplace. We shall display initiative, make continued efforts to further develop our expertise, and remain sincere and steadfast in the pursuit of our goals, while ultimately aspiring to forge a corporate culture disciplined by the pride we hold in our work.

alism, ensuring optimum results in the workplace. We shall display initiative, make continued efforts to further develop our expertise, and remain sincere and steadfast in the pursuit of our goals, while ultimately aspiring to forge a corporate culture disciplined by the pride we hold in our work. 2. Creativity and Innovation 2. Creativity and Innovation To attain and maintain new standards of value, there are questions we must ask ourselves: Is this creative? Is this innovative? Mediocre dedication can only result in mediocre achievements. Simply being content with the status quo can only lead to a collapse into oblivion. To prevent this from occurring and to avoid complacency, we must continue asking ourselves the aforementioned questions. 3. Harmony Everything in the world interacts to form a massive system. Nothing can stand alone. Everything functions with an inevitable accord to reason. It is vital to gain a proper understanding of the constantly changing tides, and to take advantage of these variations instead of struggling against them. We shall continue to work towards harmony and serve as an integral part of this ever-fluctuating system.

s with an inevitable accord to reason. It is vital to gain a proper understanding of the constantly changing tides, and to take advantage of these variations instead of struggling against them. We shall continue to work towards harmony and serve as an integral part of this ever-fluctuating system. In order to achieve ideal performance levels, we as individuals, shall aim for a mutual respect amongst our coworkers, remain conscious of the duties assigned us, and place an emphasis on teamwork. As a corporate organization, we shall work diligently to maintain an optimal balance culminating in the ultimate satisfaction of all our stakeholders, including customers, shareholders, counterparties, and employees. As a business entity, we shall contemplate what functions we are to perform within the realm of industry, while acting in a manner that ensures the mutual harmony and benefit of all parties within it. Finally, as a member of society, we shall comply with laws and regulations while fulfilling our civic obligations, including community involvement and environmental conservation. involvement and environmental conservation.

anner that ensures the mutual harmony and benefit of all parties within it. Finally, as a member of society, we shall comply with laws and regulations while fulfilling our civic obligations, including community involvement and environmental conservation. involvement and environmental conservation. CONTENTS Disclaimer Regarding Forward-Looking Statements Statements in this annual report with respect to the current plans, estimates, strategy, 01 Financial Highlights and beliefs of SQUARE ENIX HOLDINGS CO., LTD., and consolidated subsidiaries [collectively ”SQUARE ENIX HOLDINGS”] include both historical facts and forward- 02 To Our Shareholders looking statements concerning the future performance of SQUARE ENIX HOLDINGS. Such information is based on management’s assumptions and beliefs in light 08 Directors and Auditors of the information currently available and, therefore, involve risks and uncertainties. 02 To Our Shareholders Actual results may differ materially from those anticipated in these statements due to 09 Message from New Directors the influence of a number of important factors. 08 Directors and Auditors Such factors include but are not limited to: [1] general economic conditions in 10 Review of Operations Japan and foreign countries, in particular levels of consumer spending; [2] fluctuations in exchange rates, in particular the exchange rate of the Japanese yen in relation to 14 Creator’s Voice the U.S.

ctors include but are not limited to: [1] general economic conditions in 10 Review of Operations Japan and foreign countries, in particular levels of consumer spending; [2] fluctuations in exchange rates, in particular the exchange rate of the Japanese yen in relation to 14 Creator’s Voice the U.S. dollar, the euro and others, which SQUARE ENIX HOLDINGS uses extensively in its overseas business; [3] the continuous introduction of new products and rapid 20 Corporate Governance technical innovation in the digital entertainment industry as well as SQUARE ENIX HOLDINGS’s ability to continue developing products and services accepted by 26 Financial Section consumers in the intensely competitive market, which is heavily influenced by subjective and quickly changing consumer preferences. 66 Corporate Data technical innovation in the digital entertainment industry as well as SQUARE ENIX 67 Investor Information HOLDINGS's ability to continue developing products and services accepted by 66 Corporate Data and quickly changing consumer preferences

SQUARE ENIX HOLDINGS CO., LTD. and Consolidated Subsidiaries F i n a n c i a l H i g h l i g h t s SQUARE ENIX HOLDINGS CO.‚ LTD. and Consolidated Subsidiaries Years ended March 31 Thousands of Millions of Yen U.S. Dollars 2009 2010 2011 2012 Millions 2013 Thousands of of Yen U.S. Dollars For the Year 2009 2010 2011 2012 2013 2013 For the Year ¥ 135,693 192,257 ¥ 125,271 127,896 147,981 $1,573,437 Net sales ¥ 135,693 ¥ 192,257 ¥ 125,271 ¥ 127,896 ¥ 147,981 $1,573,437 Operating income (loss) 12,277 28,235 7,325 10,713 (6,081) (64,667) Recurring income (loss) 11,261 27,822 5,390 10,297 (4,378) (46,552) Net income (loss) 6,333 9,509 (12,043) 6,060 (13,714) (145,825) At Year-end ¥ 213,194 270,529 ¥ 206,336 ¥ 213,981 202,509 $2,153,207 Total assets Total assets ¥ 213,194 ¥ 270,529 ¥ 206,336 ¥ 213,981 ¥ 202,509 $2,153,207 Total net assets 148,724 154,258 135,143 137,297 121,636 1,293,321 Total net assets 148,724 154,258 135,143 137,297 121,636 1,293,321 Yen Yen U.S. Dollars Per Share of Common Stock Per Share of Common Stock Net income (loss) ¥ 55.11 ¥ 82.65 ¥ (104.66) ¥ 52.66 ¥ (119.19) $ (1.27) Total net assets 1,280.92 1,326.82 1,160.66 1,177.87 1,043.62 11.00