Announcement of Revisions to Consolidated Results Forecasts and Expected
TOKYO, March 26, 2013
TOKYO, March 26, 2013 /PRNewswire/ --Based on the latest earnings results,
SQUARE ENIX HOLDINGS CO., LTD. (the "Company") today announces revisions to
its consolidated results forecasts previously disclosed on October 30, 2012,
and expects to incur extraordinary loss in the settlement of the account for
its fiscal year ending March 31, 2013.
1. Revision to Consolidated Results Forecasts for the Fiscal Year Ending March
(April 1, 2012 through March 31, 2013)
(Millions of yen, rate of change in percents and per share data)
Operating Ordinary Net Earnings
Net sales Income Income Income (loss)
(loss) (loss) (loss) per share
Previous forecasts (A) 150,000 7,500 6,500 3,500 30.42
Revised forecasts (B) 145,000 (6,000) (5,000) (13,000) (112.98)
Change (B-A) (5,000) (13,500) (11,500) (16,500)
Rate of change (%) (3.3) - - -
[Reference] Results for the
fiscal year ended March 31, 127,896 10,713 10,297 6,060 52.66
Factors Causing the Revision
The Company forecasts that actual business results from its Digital
Entertainment Segment substantially fall below its plan primarily due to slow
sales of major console game titles in North American and European markets.
The Company is also experiencing sluggish performance of its arcade machine
business. In addition to these factors, the Company expects to incur
extraordinary loss about loss from restructuring in the settlement of the
account for its fiscal year ending March 31, 2013, as described below.
Due to the above-mentioned factors, the Company has revised downward its
consolidated results forecasts of net sales, operating income, ordinary income
and net income for the fiscal year ending March 31, 2013.
2. Extraordinary Loss
In view of the rapidly changing environment of the game businesses, the
Company has decided to implement major reforms and restructuring in its
development policy, organizational structure, some business models, and
others. The Company expects to incur loss of approximately ¥10 billion from
such restructuring efforts to be recognized as extraordinary loss about loss
from restructuring in the settlement of the account for its fiscal year ending
March 31, 2013
The extraordinary loss are composed of loss on disposal of content
(approximately ¥4 billion), and loss on evaluation of content (approximately
¥4 billion), and the other (approximately ¥2 billion).
The forward-looking statements in this document are based upon the information
currently available, and necessarily include elements that are not entirely
predictable. Actual results may differ from the forward-looking statements in
SOURCE SQUARE ENIX HOLDINGS CO., LTD.
Contact: Michihiro Sasaki, Executive Managing Officer, Corporate Planning,
Tel. (03) 5292-8000
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