Square Enix Holdings reported first-quarter operating profit of ¥17 billion, up 88.6% year on year and well above market expectations. Growth in the HD game business and stronger sales of new and related titles drove earnings.
Square Enix Holdings reported first-quarter operating profit of ¥17 billion, an 88.6% increase year on year. The figure came in approximately ¥6 billion above market expectations, and the market's strong reaction has driven a sharp further rise in the stock.
The company attributed the substantial increase in earnings to growth in its HD game business, with repeat sales of related titles making a contribution. New releases, including "DQ Smash Grow," were also cited as contributing factors.
According to the announcement, the full-year sales forecast was left unchanged at ¥49 billion, representing an expected decline of approximately 10.5% from the previous fiscal year. However, some market observers believe the likelihood of the company outperforming its forecast has increased following the latest results.
Sales trends for related titles linked to the announcement of "FINAL FANTASY VII REBIRTH" may also affect performance going forward.