Square Enix Consolidated Financial Results: First Quarter Ended June 30, 2004

Square Enix demonstrated significant financial growth during the first quarter of the fiscal year ending June 30, 2004, following the strategic merger between Enix Corporation and Square Co., Ltd. The company reported net sales of 12,042 million yen, representing a 47.5 percent increase compared to the same period in the previous year. This expansion in revenue was accompanied by substantial improvements in profitability, as operating income surged by 430.3 percent to 3,510 million yen, and ordinary income rose by 608.8 percent to 3,756 million yen. Net income for the quarter reached 1,834 million yen, marking a 1,115.2 percent increase over the prior year’s first quarter.

The company’s balance sheet remained robust throughout this period, with total assets valued at 108,752 million yen and total shareholders' equity at 96,730 million yen. The shareholders' equity margin stood at 88.9 percent, reflecting a stable capital structure. Basic net income per share climbed to 16.67 yen, a sharp rise from the 1.37 yen reported in the first quarter of the previous fiscal year. Cash flow metrics further underscored this positive momentum, with cash and cash equivalents totaling 60,796 million yen by the end of the quarter.

These results, prepared on a Japanese GAAP basis, highlight the successful integration of the two entities following their April 2003 merger. By focusing on consolidated performance across the Japanese market, the data illustrates a period of rapid financial maturation and operational efficiency. The figures provide a clear snapshot of the company’s strengthened market position and enhanced earnings capacity during the early stages of its unified corporate structure.