Price Target Changed • Aug 13
Price target increased by 7.8% to JP¥2,666 Up from JP¥2,472, the current price target is an average from 16 analysts. New target price is 6.9% below last closing price of JP¥2,864. Stock is down 24% over the past year. The company is forecast to post earnings per share of JP¥112 for next year compared to JP¥82.15 last year. Reported Earnings • Aug 12
First quarter 2027 earnings: EPS and revenues exceed analyst expectations First quarter 2027 results: EPS: JP¥36.72 (up from JP¥13.33 in 1Q 2026). Revenue: JP¥78.4b (up 32% from 1Q 2026). Net income: JP¥13.2b (up 176% from 1Q 2026). Profit margin: 17% (up from 8.1% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 78%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,924, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Entertainment industry in Japan. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,726 per share. Declared Dividend • Jul 25
Final dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 29th September 2026 Payment date: 7th December 2026 Dividend yield will be 1.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Notizie in diretta • Jun 27
Major Square Enix Investor Abstains From Director Vote Citing Governance Concerns 3D Investment Partners, which holds about 19% of Square Enix Holdings, said it abstained from voting on the reappointment of directors at the company’s 46th annual general meeting, citing weak synergy between core gaming and non-game businesses and limited engagement from outside directors.
3D’s announcement followed a survey it conducted of Square Enix shareholders and market participants, which it said showed significant perceived scope to improve corporate value and called for more constructive dialogue with the board.
Square Enix shares last traded at ¥2,344.50, with the stock down 18.6% year to date.
A large shareholder publicly questioning Square Enix’s board and capital allocation increases the likelihood of governance changes. This can influence how actively the company reviews non-core operations and future investment priorities. Annuncio • Jun 26
Square Enix Holdings Co., Ltd. to Report Q1, 2027 Results on Aug 10, 2026 Square Enix Holdings Co., Ltd. announced that they will report Q1, 2027 results on Aug 10, 2026 Notizie in diretta • Jun 04
Final Fantasy VII Rebirth Launches on All Major Platforms With New Gameplay Feature Square Enix has released FINAL FANTASY VII REBIRTH, the second title in its remake project, on Nintendo Switch 2, Xbox Series X|S, and Xbox on PC.
The launch brings the remake project to all modern platforms and introduces a new Streamlined Progression feature designed to improve gameplay across devices.
The third installment of the FINAL FANTASY VII remake project is currently in production.
Bringing a major franchise entry to multiple current platforms broadens the addressable player base and keeps the FINAL FANTASY VII brand highly visible within the global console and PC market.
Investors may want to watch how engagement and sales for this multi-platform release evolve over time, as well as any updates on development progress and costs for the third installment in the project. Reported Earnings • May 18
Full year 2026 earnings: Revenues and EPS in line with analyst expectations Full year 2026 results: EPS: JP¥82.15 (up from JP¥67.80 in FY 2025). Revenue: JP¥297.7b (down 8.3% from FY 2025). Net income: JP¥29.6b (up 21% from FY 2025). Profit margin: 9.9% (up from 7.5% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annuncio • May 15
Square Enix Holdings Co., Ltd., Annual General Meeting, Jun 24, 2026 Square Enix Holdings Co., Ltd., Annual General Meeting, Jun 24, 2026. Buy Or Sell Opportunity • May 15
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 3.1% to JP¥2,654. The fair value is estimated to be JP¥2,111, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has declined by 37%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Annuncio • May 09
Square Enix Holdings Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Square Enix Holdings Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%). Reported Earnings • Feb 07
Third quarter 2026 earnings: EPS exceeds analyst expectations Third quarter 2026 results: EPS: JP¥43.14 (up from JP¥36.01 in 3Q 2025). Revenue: JP¥81.6b (down 10% from 3Q 2025). Net income: JP¥15.6b (up 20% from 3Q 2025). Profit margin: 19% (up from 14% in 3Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. New Risk • Feb 04
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Annuncio • Dec 25
Square Enix Holdings Co., Ltd. to Report Q3, 2026 Results on Feb 05, 2026 Square Enix Holdings Co., Ltd. announced that they will report Q3, 2026 results on Feb 05, 2026 Declared Dividend • Dec 06
First half dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 30th March 2026 Payment date: 5th June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio). However, it is well covered by cash flows (42% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 55% to bring the payout ratio under control. EPS is expected to grow by 49% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Nov 08
Second quarter 2026 earnings: Revenues exceed analyst expectations Second quarter 2026 results: Revenue: JP¥74.6b (down 15% from 2Q 2025). Net income: JP¥5.25b (up 364% from 2Q 2025). Profit margin: 7.0% (up from 1.3% in 2Q 2025). Revenue exceeded analyst estimates by 2.2%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Entertainment industry in Japan. Annuncio • Oct 31
Square Enix Announces Launch of Dragon Quest I & II HD-2D Remake for Nintendo Switch 2, Nintendo Switch, PlayStation®?5, Xbox Series X|S and PC Square Enix Inc. announced the launch of DRAGON QUEST I & II HD-2D Remake for Nintendo Switch 2™, Nintendo Switch™, PlayStation®5, Xbox Series X|S and PC via Steam®? and Microsoft Store on Windows, marking the epic conclusion of the legendary Erdrick trilogy that began with last year's critically acclaimed DRAGON QUEST III HD-2D Remake. Watch theDRAGON QUEST I & II HD- 2D Remake launch trailer here: Check out more details about the game by visiting the SQUARE ENIX blog: Dragon Quest I & II HD-2 D Remake combines full remakes of DRAGON QUEST I and DRAGON QUEST II, whichologically take place after DRAGON QUEST III HD-2 D Remake which launched in November 2024. Players can experience the dramatic and satisfying conclusion to the Erdrick Trilogy in these two standalone epic adventures, brought to new life in the beloved HD-2D graphical style with never-before-seen story content and gameplay updates, including a new, fully explorable underwater world and playable character in DRAGON QUEST II, among many other additions. In DRAGON QUEST I & II HD -2D Remake, players take control of the descendants of Erdrick, the legendary hero whose legacy is passed down through generations following the events of DRAGON QUEST IIIHD-2D Remake. Players can continue the sprawling story in these games, while newcomers can experience the entire compilation with the new digital-only DRAGON QUEST HD-2D Erdrick Trilogy Collection, which packages together DRAGON QUEST III HD-2d Remake and DRAGON QUEST I & II HD the2D Remake in one definitive set for $99.99. DRAGON QUEST I & II HD of II HD-2D Remakes is now available on Nintendo Switch 2, Nintendo Switch, PlayStation 5, Xbox Series X|S, PC via Steam. Annuncio • Oct 01
Square Enix Holdings Co., Ltd. to Report Q2, 2026 Results on Nov 06, 2025 Square Enix Holdings Co., Ltd. announced that they will report Q2, 2026 results on Nov 06, 2025 New Risk • Sep 28
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 151% Dividend yield: 4.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥54.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.1%). Reported Earnings • Aug 09
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: JP¥39.99 (down from JP¥88.52 in 1Q 2025). Revenue: JP¥59.3b (down 15% from 1Q 2025). Net income: JP¥4.80b (down 55% from 1Q 2025). Profit margin: 8.1% (down from 15% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend increased to JP¥54.00 Dividend of JP¥54.00 is 93% higher than last year. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annuncio • Jun 29
Square Enix Holdings Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Square Enix Holdings Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥10,490, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 21x in the Entertainment industry in Japan. Total returns to shareholders of 88% over the past three years. Annuncio • May 15
Square Enix Holdings Co., Ltd., Annual General Meeting, Jun 25, 2025 Square Enix Holdings Co., Ltd., Annual General Meeting, Jun 25, 2025. Reported Earnings • May 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥203 (up from JP¥124 in FY 2024). Revenue: JP¥324.5b (down 8.9% from FY 2024). Net income: JP¥24.4b (up 64% from FY 2024). Profit margin: 7.5% (up from 4.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥8,269, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 20x in the Entertainment industry in Japan. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,689 per share. Annuncio • Apr 03
Square Enix Announces Final Fantasy Vii Remake Intergrade and Bravely Default Flying Fairy HD Remaster Are Coming to Nintendo Switch™? 2 Square Enix®? announced two critically acclaimed RPGs, final Fantasy VII REMAKE INTERGRADE and BRAVELY DEFAULT™? FLYING FAIRY HD Remaster, are coming to the highly anticipated system. Final Fantasy VII REMAKE INTER GRADE is the expanded edition of the first entry in the final Fantasy VII remake project and includes an additional story arc that takes place during the game's events. BRAVELY DEFAULT FLYING FAIRY HDRemaster revives the beloved Nintendo 3DS title with updated graphics and new minigames for gamers to discover. Nintendo's latest system will allow fans to play Square Enix's blockbuster RPGs on the go with enhanced graphics and upgraded textures on the system's larger screen. In final Fantasy VII REMAKE InterGRADE, players follow the story of ex-SOLDIER operative turned freelance, Cloud Strife, as he lends his aid to the underground resistance group Avalanche in the mako-powered city of Midgar. In the fight against the burgeoning Shinra Electric Power Company, Cloud and his colleagues are thrust into a largerConflict to determine the fate of the planet. Final Fantasy VII REMAke INTERGRADE also includes an exhilarating original story arc, FF7R EPISODE INTERmission, which brings Wutai ninja Yuffie Kisaragi to the forefront as she infiltrates the city of Midgar during the events of the base game. With over seven million copies shipped and sold digitally worldwide on the PlayStation and PC platforms, this upcoming release marks the series' debut on a Nintendo system, giving a new audience of players a chance to experience 2020's The Game Awards RPG of the Year for the first time ever. Originally released in 2012 for the Nintendo 3DS, BRAVELY DEFAULT FLying FAIRY HD Remaster brings the unforgettable story, iconic characters designed by Akihiko Yoshida (FINAL Fantasy TACTICS, NieR:Automata:™?) and innovative "Brave & Default" turn-based battle system to the current generation of gamers for the Nintendo Switch 2 system. The HD remaster features updated graphics and new content, perfect for long-time fans to visit the world of Luxendarc and for newcomers alike. Annuncio • Mar 25
Square Enix Holdings Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Square Enix Holdings Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.2%). Reported Earnings • Feb 08
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: JP¥108 (up from JP¥84.58 in 3Q 2024). Revenue: JP¥90.9b (up 6.3% from 3Q 2024). Net income: JP¥13.0b (up 28% from 3Q 2024). Profit margin: 14% (up from 12% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annuncio • Jan 03
Square Enix Holdings Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025 Square Enix Holdings Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 Declared Dividend • Dec 07
First half dividend of JP¥43.00 announced Shareholders will receive a dividend of JP¥43.00. Ex-date: 28th March 2025 Payment date: 3rd June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 77% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 09
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: JP¥9.41 (down from JP¥86.06 in 2Q 2024). Revenue: JP¥87.7b (up 1.5% from 2Q 2024). Net income: JP¥1.13b (down 89% from 2Q 2024). Profit margin: 1.3% (down from 12% in 2Q 2024). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 87%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annuncio • Sep 25
Square Enix Holdings Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Square Enix Holdings Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Buy Or Sell Opportunity • Sep 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥5,569. The fair value is estimated to be JP¥4,629, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.4%). Reported Earnings • Aug 08
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: JP¥88.52 (up from JP¥52.61 in 1Q 2024). Revenue: JP¥69.9b (down 18% from 1Q 2024). Net income: JP¥10.6b (up 69% from 1Q 2024). Profit margin: 15% (up from 7.4% in 1Q 2024). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) exceeded analyst estimates by 36%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 06
Price target decreased by 7.0% to JP¥5,503 Down from JP¥5,920, the current price target is an average from 15 analysts. New target price is 17% above last closing price of JP¥4,715. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥281 for next year compared to JP¥124 last year. Declared Dividend • Jul 11
Final dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jul 02
Price target decreased by 7.1% to JP¥5,813 Down from JP¥6,260, the current price target is an average from 15 analysts. New target price is 22% above last closing price of JP¥4,767. Stock is down 27% over the past year. The company is forecast to post earnings per share of JP¥291 for next year compared to JP¥124 last year. Reported Earnings • Jun 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥124 (down from JP¥412 in FY 2023). Revenue: JP¥356.3b (up 3.8% from FY 2023). Net income: JP¥14.9b (down 70% from FY 2023). Profit margin: 4.2% (down from 14% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 58%. Revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Annuncio • Jun 23
Square Enix Holdings Co., Ltd. to Report Q1, 2025 Results on Aug 06, 2024 Square Enix Holdings Co., Ltd. announced that they will report Q1, 2025 results on Aug 06, 2024 Major Estimate Revision • May 22
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥287 to JP¥324. Revenue forecast steady at JP¥346.0b. Net income forecast to grow 161% next year vs 13% growth forecast for Entertainment industry in Japan. Consensus price target broadly unchanged at JP¥6,797. Share price fell 3.0% to JP¥4,868 over the past week. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥5,004, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Entertainment industry in Japan. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,115 per share. Reported Earnings • May 15
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥124 (down from JP¥412 in FY 2023). Revenue: JP¥356.3b (up 3.8% from FY 2023). Net income: JP¥14.9b (down 70% from FY 2023). Profit margin: 4.2% (down from 14% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 58%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Major Estimate Revision • May 14
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥354.3b to JP¥349.7b. EPS estimate also fell from JP¥337 per share to JP¥292 per share. Net income forecast to grow 30% next year vs 17% growth forecast for Entertainment industry in Japan. Consensus price target broadly unchanged at JP¥6,870. Share price fell 14% to JP¥5,268 over the past week. Annuncio • Mar 27
Square Enix Holdings Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Square Enix Holdings Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥87.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.8%). Buy Or Sell Opportunity • Mar 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to JP¥6,383. The fair value is estimated to be JP¥5,305, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 8.8% per annum over the same time period. Reported Earnings • Feb 08
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: JP¥84.58 (up from JP¥57.84 in 3Q 2023). Revenue: JP¥85.6b (down 7.2% from 3Q 2023). Net income: JP¥10.1b (up 47% from 3Q 2023). Profit margin: 12% (up from 7.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥5,837. The fair value is estimated to be JP¥4,862, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Annuncio • Dec 22
Square Enix Holdings Co., Ltd. to Report Q3, 2024 Results on Feb 05, 2024 Square Enix Holdings Co., Ltd. announced that they will report Q3, 2024 results on Feb 05, 2024 Annuncio • Nov 08
Square Enix Holdings Co., Ltd. Provides Financial Guidance for the Fiscal Year Ending March 31, 2024 Square Enix Holdings Co., Ltd. provided financial guidance for the Fiscal year ending March 31, 2024. For the period, the company expects net sales of JPY 360,000 million, operating income of JPY 55,000 million, Profit attributable to owners of parent of JPY 38,500 million and Basic EPS of JPY 321.68. Reported Earnings • Nov 08
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥86.06 (down from JP¥176 in 2Q 2023). Revenue: JP¥86.4b (down 2.4% from 2Q 2023). Net income: JP¥10.3b (down 51% from 2Q 2023). Profit margin: 12% (down from 24% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 27
Square Enix Holdings Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023 Square Enix Holdings Co., Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.7%). New Risk • Aug 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 06
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: JP¥52.61 (down from JP¥153 in 1Q 2023). Revenue: JP¥85.7b (up 14% from 1Q 2023). Net income: JP¥6.30b (down 66% from 1Q 2023). Profit margin: 7.4% (down from 25% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 06
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: JP¥52.61 (down from JP¥153 in 1Q 2023). Revenue: JP¥85.7b (up 14% from 1Q 2023). Net income: JP¥6.30b (down 66% from 1Q 2023). Profit margin: 7.4% (down from 25% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • Jun 18
Square Enix Holdings Co., Ltd. to Report Q1, 2024 Results on Aug 04, 2023 Square Enix Holdings Co., Ltd. announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 17
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥412 (down from JP¥427 in FY 2022). Revenue: JP¥343.3b (down 6.0% from FY 2022). Net income: JP¥49.3b (down 3.4% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annuncio • May 14
Square Enix Holdings Co., Ltd., Annual General Meeting, Jun 23, 2023 Square Enix Holdings Co., Ltd., Annual General Meeting, Jun 23, 2023. Reported Earnings • Feb 04
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: JP¥57.84 (down from JP¥141 in 3Q 2022). Revenue: JP¥92.2b (down 12% from 3Q 2022). Net income: JP¥6.92b (down 59% from 3Q 2022). Profit margin: 7.5% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 37%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.