4EDnyF -7=27098=×78 1,04786.7±188. It was never just “entertainment.” What Square Enix once brought to life was a “culture” that shaped an era, and an “industry” that fascinated the world. A 1999# FSEPDIZEVIIE

1R13 5aZEF7 Eitd3 B04 LELTX 2 2 1F SQUARE ENIX F17hOhE But today, is Square Enix really giving birth to something genuinely new? Or has Square Enix turned away from the challenges before it, and let its steps falter? SQUARE ENIX B45# 25I=oy35U-EZ7- 130 5E 300754# lae USH7HEUEELO ISTEMSER5RPERAANEEMANHAMELHT

7359-8#RRN7 ENIx We know this: For Square Enix, every “challenge” has always been a “chance.” The power to overcome countless obstacles and bring forth works that felt like miracles into the world. *$F7 NAA#C7A

ItH DRAGONQUES F4 Is] Once again—surprise us, move us, and ignite that passion we once felt. For gamers across the globe have been waiting, endlessly, for that irreplaceable experience. SQUARE ENX CAFE

management issues provided to SQEX HD titled “Management Issues of Your Company as Seen from Outside.” on 29th September 2025. The slides from slide 94 onward are partial extracts of the material stating how to enhance corporate value presented to SQEX HD titled “For Creation of Dramatic corporate value of Your Company” together with the former material on the same day. External Perspective on Your Company’s Management Challenges To: SQUARE ENIX Holdings Co., Ltd. Mr. Takashi Kiryu, President and Representative Director Board of Directors September 29th, 2025 3D INVESTMENT

That Excitement Once Again 1999s That Excitement Once Again It was never just "entertainment." It was never just “entertainment.” What Square Enix once brought to life was a “culture” that shaped an era, and an “industry” that fascinated the world. But today, is Square Enix really giving birth to something genuinely new? Or has Square Enix turned away from the challenges before it, and let its steps falter? We know this: For Square Enix, every “challenge” has always been a “chance.” The power to overcome countless obstacles and bring forth works that felt like miracles into the world. Once again—surprise us, move us, and ignite that passion we once felt. For gamers across the globe have been waiting, endlessly, for For gamers across the globe have been waiting, endlessly, for that irreplaceable experience. that irreplaceable experience.