Corporate Philosophyby providing unforgettable experiences philosophy This represents company's and the beliefs for which we stand. our Smission To spread happiness across the globe by providing unforgettable experiences This philosophy represents our company’s mission and the beliefs for which we stand. Each of ourcustomers or her of happiness. has definition his own The Square Group provides se customers create their own wonderful, unforget- Enix high-quality content, services, and products to help thos Each of our customers has his or her own definition of happiness. table experiences therebyallowing them to discover a happiness all their own. 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. Guidelines Management Management Guidelines policies as our key guidelines. In workingtomakeourCorporatePhilosophy a reality, we will manage our Group with the following a In working to make our Corporate Philosophy a reality, we will manage our Group with the following policies as our key guidelines.

elines Management Management Guidelines policies as our key guidelines. In workingtomakeourCorporatePhilosophy a reality, we will manage our Group with the following a In working to make our Corporate Philosophy a reality, we will manage our Group with the following policies as our key guidelines. will strive be thatdelivers 1. We company unparalleled to entertainment. 1. We will strive to be a company that delivers unparalleled entertainment. Throughourgames,amusementofferings,publications, merchandising, and other contents and servvices, we will be steadfast in our efforts to deliver unpar Through our games, amusement offerings, publications, merchandising, and other contents and services, we will be steadfast in our efforts to deliver unparalleledentertainment ourcustomers. alleled entertainment to our customers. 2. We willvalue innovation andcreativity. 2. We will value innovation and creativity. givingrise expressionsand and creating experiences like none ever encountered beefore, we will deliver contents and services that surpass By tonew ideas By giving rise to new expressions and ideas and creating experiences like none ever encountered before, we will deliver contents and services that surpass the of We believe that it is in our unrelenting efforts to this end that our existential value and the value of our brand lie the expectations of our customers. We believe that it is in our unrelenting efforts to this end that our existential value and the value of our brand lie.

ices that surpass the of We believe that it is in our unrelenting efforts to this end that our existential value and the value of our brand lie the expectations of our customers. We believe that it is in our unrelenting efforts to this end that our existential value and the value of our brand lie. 3. We will respond with sensitivity and flexibility to environmental changes. We are surrounded by an environment that is ever changing. We will stay attuned to those changes and be flexible in adapting the nature and format of our contents and services as well as our business models accordingly. In addition, we will stay at the forefront of change so that we can provide our customers with excitement and fun. 4. We will create a corporate culture that is both collaborative and competitive. Our contents and services are born of teamwork and could never be created without the concerted efforts of a team that is fully united. At the same time, it Our contents and services are born of teamwork and could never be created without the concerted eefforts of a team that is fully united. At the same time, it is important that we engage in collegial competition in order to inspire one another to greater heights. We will foster a corporate culture that promotes such ts. We will foster a corporate culture that promotes such is important that we engage in collegial competition in order to inspire one another to greater heights competitive collaboration. competitive collaboration.

another to greater heights. We will foster a corporate culture that promotes such ts. We will foster a corporate culture that promotes such is important that we engage in collegial competition in order to inspire one another to greater heights competitive collaboration. competitive collaboration. CONTENTS 01 Financial Highlights 02 A Message to Our Stakeholders 09 Review of Operations 13 Special Feature: DELIVERING UNFORGETTABLE EXPERIENCES 09 Disclaimer Regarding Forward-Looking Statements 20 Environment‚ Social and Governance Statements in this annual report with respect to the current plans, estimates, strategy, 13 Special Feature: DELIVERING UNFORGETTABLE EXPERIENCES and beliefs of SQUARE ENIX HOLDINGS CO., LTD., and consolidated subsidiaries 35 Executive Members Dis 20 [collectively “SQUARE ENIX HOLDINGS”] include both historical facts and forward- Environment,Social and Governance Sta 37 History looking statements concerning the future performance of SQUARE ENIX HOLDINGS. 35 Executive Members and Such information is based on management’s assumptions and beliefs in light of [co 38 Corporate Data the information currently available and, therefore, involve risks and uncertainties. lool 37 Actual results may differ materially from those anticipated in these statements due to 39 Investor assumptions and beliefs in light of Information the influence of a number of important factors. 38 Corporate Data the Such factors include but are not limited to: [1] general economic cond

ies. lool 37 Actual results may differ materially from those anticipated in these statements due to 39 Investor assumptions and beliefs in light of Information the influence of a number of important factors. 38 Corporate Data the Such factors include but are not limited to: [1] general economic conditions in Japan and foreign countries, in particular levels of consumer spending; [2] fluctuations in 39 Investor Information exchange rates, in particular the exchange rate of the Japanese yen in relation to the U.S. dollar, the euro and others, which SQUARE ENIX HOLDINGS uses extensively in its With respect to this annual report‚ the financial section Jap overseas business; [3] the continuous introduction of new products and rapid fluctuations in technical innovation in the digital entertainment industry as well as SQUARE ENIX will be provided at the link below. exc relation to the HOLDINGS’s ability to continue developing products and services accepted by https://www.hd.square-enix.com/eng/ir/library/ar.html U.S With respect to this annual report, the financial section consumers in the intensely competitive market, which is heavily influenced by subjective ove and rapid and quickly changing consumer preferences. tec echnical innovation in the digital entertainment industry will be provided at the link below.

th respect to this annual report, the financial section consumers in the intensely competitive market, which is heavily influenced by subjective ove and rapid and quickly changing consumer preferences. tec echnical innovation in the digital entertainment industry will be provided at the link below. HO as wellasSQUAREENIX https://www.hd.square-enix.com/eng/ir/library/ar.html OLDINGS's ability to continue developing productsandservicesaccepted by con which is heavily onsumers in the intensely competitive market, influenced by subjective