Square Enix (9684) Q2 2025 earnings summary

Executive summary

• Net sales for the first half ended September 30, 2024, decreased year-over-year to ¥157.6 billion, down 8.4%, while operating income rose 22.1% to ¥21.2 billion.

• Net income attributable to owners of parent declined 29.3% to ¥11.7 billion, partly due to a ¥4.2 billion foreign exchange loss.

• Ordinary income fell 30.6% to ¥18.1 billion.

• Comprehensive income decreased 27.5% year-over-year to ¥12.1 billion.

Financial highlights

• Net sales fell by ¥14.5 billion year-over-year to ¥157.5 billion.

• Operating income increased by ¥3.8 billion year-over-year to ¥21.1 billion.

• Gross profit for the period was ¥82.5 billion, with a gross margin of 52.4%.

• Basic earnings per share were ¥97.91, down from ¥138.70 in the prior year.

• Cash and deposits stood at ¥222.4 billion as of September 30, 2024.

Outlook and guidance

• Full-year net sales forecast revised down to ¥310.0 billion, a decrease of 13.0% year-over-year.

• Full-year operating income forecast raised to ¥40.0 billion, up 22.9% year-over-year.

• Full-year net income forecast set at ¥28.0 billion, up 87.8% year-over-year.

• Dividend forecast for FY2025 is ¥71.00 per share.