Final Fantasy XIV

Square Enix Annual Report 2023

Square Enix’s 2023 fiscal year, ending March 31, 2023, marks a period of significant structural transformation and strategic pivot under the leadership of new President Takashi Kiryu.

• Square Enix divested its Western studios, including Crystal Dynamics and Eidos Interactive, to Embracer Group for a ¥9.5 billion gain to fund internal development and emerging technologies like AI and blockchain.
• Fiscal year 2023 financial performance saw net sales decline 6.0% to ¥343.3 billion and operating income drop 25.2% to ¥44.3 billion, primarily due to underperforming new titles and a lack of expansion packs for Final Fantasy XIV.
• The company maintains a strong balance sheet with an equity ratio of 79.1% and cash reserves of ¥190.9 billion, providing a buffer for its strategic pivot.

Square Enix Holdings Financial Results: Six-Month Period Ended September 30, 2022

Square Enix Holdings reported financial results for the first half of the fiscal year ending March 31, 2023, reflecting a period of structural transition and portfolio realignment.

Square Enix Holdings Financial Results Briefing: Q1 FY2023/3

Square Enix Holdings reported financial results for the first quarter of the fiscal year ending March 31, 2023, reflecting a period of transition and strategic realignment.

Square Enix Holdings Consolidated Financial Results: Three-Month Period Ended June 30, 2022

Square Enix Holdings’ consolidated financial results for the three-month period ending June 30, 2022, reflect a period of operational transition and shifting segment performance.

• Square Enix reported a 15.5% year-on-year decline in net sales to ¥74,876 million and a 16.7% drop in operating income to ¥14,430 million for the three-month period ended June 30, 2022.
• Despite lower operating income, profit attributable to owners of the parent rose 45.0% to ¥18,355 million, largely driven by a significant foreign exchange gain of ¥13,055 million due to the weakening yen.
• The Digital Entertainment segment saw mixed results: HD game sales declined due to a lack of major new releases compared to the prior year, while MMO game sales grew thanks to an increased number of monthly paying subscribers for Final Fantasy XIV.

Square Enix Holdings Financial Results Briefing: FY2022/3

Square Enix Holdings reported strong financial performance for the fiscal year ended March 31, 2022, achieving record-high net sales and operating income.

Square Enix Holdings Financial Results: Fiscal Year Ended March 31, 2022

Square Enix Holdings reported record-breaking financial results for the fiscal year ended March 31, 2022, characterized by growth across all primary business segments.

• Square Enix reported consolidated net sales of 365.2 billion yen and operating income of 59.2 billion yen for the fiscal year ended March 31, 2022, representing year-over-year growth of 32.7 billion yen and 12.0 billion yen, respectively.
• The Digital Entertainment segment, the company's primary revenue driver, saw net sales rise to 279.6 billion yen, largely fueled by the December 2021 release of the 'Final Fantasy XIV: Endwalker' expansion pack.
• Square Enix entered a definitive agreement to divest its North American and Canadian studios—Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal—along with IP franchises including 'Tomb Raider' and 'Deus Ex' to Embracer Group AB for $300 million.

Square Enix Holdings Q1-Q3 FY2022/3 Financial Results Briefing

Square Enix Holdings reported strong financial growth for the first nine months of the fiscal year ending March 31, 2022.

Financial Results Briefing Session: Nine-Month Period Ended December 31, 2021

The financial results for Square Enix Holdings for the nine-month period ending December 31, 2021, demonstrate a period of growth across all primary business segments.

• Square Enix reported strong growth for the nine-month period ending December 31, 2021, with net sales reaching 273.6 billion yen and operating income rising to 50.1 billion yen, up from 41.0 billion yen in the same period the previous year.
• Digital Entertainment remains the core revenue driver, with digital sales accounting for 191.4 billion yen of the segment's 211.6 billion yen total, significantly outpacing physical packaged sales.
• The Amusement segment successfully returned to profitability, generating 1.3 billion yen in operating income compared to a loss in the prior year, as arcade operations recovered from pandemic-related closures.

Square Enix Holdings 2Q FY2022/3 Financial Results Briefing

Square Enix Holdings reported financial results for the first half of the fiscal year ending March 31, 2022, reflecting a period of mixed performance across its business segments.

Square Enix Holdings Financial Results: Six-Month Period Ended September 30, 2021

Square Enix Holdings reported financial results for the six-month period ending September 30, 2021, reflecting a period of year-over-year decline in net sales and operating income.

• Square Enix reported a consolidated net sales decline to 168.9 billion yen for the first half of FY2022/3, down from 172.7 billion yen in the same period of the previous year.
• Operating income for the Digital Entertainment segment fell from 33.8 billion yen to 29.4 billion yen, driven by a difficult year-over-year comparison due to the previous launch of 'Final Fantasy VII Remake' and underperformance in mobile and PC browser titles.
• Total unit sales for digital and physical games dropped significantly to 17.22 million units in 1H FY2022/3, compared to 30.30 million units in the same period of the prior year.

Square Enix Holdings Consolidated Financial Results: Three-Month Period Ended June 30, 2021

The consolidated financial results for the three-month period ended June 30, 2021, reflect a period of mixed performance for the group, characterized by a slight increase in net sales alongside a significant decline in operating income.

• Square Enix reported net sales of ¥88,604 million for the three-month period ended June 30, 2021, a 1.8% increase year-on-year, while operating income fell 29.5% to ¥17,316 million.
• The Digital Entertainment segment, the company's primary revenue driver, saw net sales decline 6.0% to ¥69,876 million and operating income drop 34.2% to ¥17,147 million.
• The Amusement segment recovered significantly, reporting ¥9,452 million in net sales—a 105.4% increase—and an operating profit of ¥344 million, compared to an operating loss of ¥1,512 million in the same period last year.

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.