Le Lézard
Classified in: Science and technology, Business
Subject: DIV

Notice of Revisions of Consolidated Financial Forecasts and Year-end Dividend


TOKYO, May 11, 2021 /PRNewswire/ -- SQUARE ENIX HOLDINGS CO., LTD. (the "Company") had released consolidated financial forecasts and a projected year-end dividend for the fiscal year through March 31, 2021 (April 1, 2020 - March 31, 2021) on November 6, 2020, but now announces the following revisions made to reflect recent earnings trends.

1.  Revisions to Consolidated Financial Forecasts for the Fiscal Year through March 31, 2021
(April 1, 2020 through March 31, 2021)      

(Millions of yen, percentage change, and per share data)



Net sales

Operating

Income

Ordinary
Income

Profit attributable
to owners of
parent

Earnings

per share

Previous forecasts

(A)

290,000

40,000

40,000

24,000

201.14

Revised forecasts

(B)

332,500

47,200

49,900

26,900

225.75

Change

(B-A)

42,500

7,200

9,900

2,900


Percentage change

(%)

14.7%

18.0%

24.8%

12.1%


[Reference] Results for the fiscal
year ended March 31, 2020

260,527

32,759

32,095

21,346

179.02

2.  Reasons for the Revisions
The Company now expects higher net sales, operating income, ordinary income, and profit attributable to owners of parent than previously anticipated under its consolidated financial forecasts for the fiscal year through March 31, 2021. Among the factors contributing to these revisions is a solid performance by the Digital Entertainment segment as a whole, as well as brisk sales of both printed and digital media in the Publication segment.

*The above forecasts are based on information available at the time of this document's release and are subject to various uncertainties. As such, actual performance may differ from these forecasts.

3?Revision of Projected Dividend Per Share for the Fiscal Year through March 31, 2021


Interim

Year-end

Annual

Previous Forecasts

?

?51.00

?61.00

Revised Forecasts

?

?58.00

?68.00

Actual Results for the
current FY

?10.00

?

?

Actual Results for the
previous FY

(FY2020/3)

?10.00

?44.00

?54.00

4.  Reasons for the Revision
The Company recognizes the return of profits to shareholders as one of its most important management tasks and has set a consolidated payout ratio target of approximately 30% to guide its shareholder return policy for the fiscal year through March 31, 2021.

Given the aforementioned revisions to its consolidated financial forecasts, the Company revises its projected year-end dividend for the fiscal year to 58 yen per share, which would make for an annual dividend per share of 68 yen.   

(EOF)

SOURCE SQUARE ENIX HOLDINGS CO., LTD.


These press releases may also interest you

at 09:15
UserTesting, a SaaS leader in experience research and insights, today announced customer TULA Skincare boosted conversion rates by 300 percent with the UserTesting® Human Insight Platform. The research and design teams at TULA benefited from the rich...

at 09:15
Identity Digitaltm, a leader in connecting the online world with domain names and related technologies, today announced its partnership with Invest.Green. Invest.Green democratizes green investing by bringing institutional quality insights and...

at 09:15
Octave® Bioscience, Inc., a leading precision care company that delivers a new standard for managing multiple sclerosis (MS) and other neurodegenerative diseases, today announced the appointment of two key executives, Jeron Evans as Chief Revenue...

at 09:15
Tigo Energy, Inc. , a leading provider of intelligent solar and energy software solutions, today announced the installation and commissioning of a rooftop solar system at its headquarters in California. The system was designed and deployed by Tigo...

at 09:10
Dexian, a leading provider of staffing, IT, and workforce solutions, today announced the launch of Dexian Futures, an online coding and career development program sponsored by Dexian. This groundbreaking program offers comprehensive instruction on...

at 09:10
Azul, the only company 100% focused on Java, today announced the recipients of its 2024 Channel Partner Awards honoring the outstanding performance and unwavering dedication of Azul's top-performing channel partners. These partners have been...



News published on and distributed by: