Square Enix (9684) Q3 2025 earnings summary

Executive summary

• Net sales for Q1–Q3 FY2025 were ¥248.5B, down 3.5% year-over-year; operating income was ¥33.3B, down 4.4% YoY; profit attributable to owners was ¥24.7B, down 7.7% YoY.

• Comprehensive income was ¥24.9B, a 5.6% decrease year-over-year.

• Full-year forecast is net sales ¥310.0B (down 13.0% YoY), operating income ¥40.0B (up 22.9%), profit attributable to owners ¥28.0B (up 87.8%).

Financial highlights

• Operating income margin for Q1–Q3 FY2025 was 13.4%, nearly flat YoY.

• Ordinary income for Q1–Q3 FY2025 was ¥37.7B, down 7.7% YoY.

• Cash and deposits increased by ¥11.7B to ¥237.6B as of December 2024.

• Total assets rose to ¥421.6B, up ¥10.7B from March 2024.

• Basic earnings per share for the nine months was ¥205.94, down from ¥223.28 YoY.

Outlook and guidance

• Full-year net sales forecast is ¥310.0B, down ¥46.3B from the previous year.

• Full-year operating income forecast is ¥40.0B, up ¥7.5B from the previous year.

• Dividend per share projection for FY2025 is ¥71.00, unchanged from previous guidance.