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SQUARE ENIX FINANCIAL RESULTS ENDED 30 JUNE 2022
[ 4 August 2022 ]
Square Enix has announced consolidated financial results for the three-month period ended 30 June, 2022. The Japanese publisher has agreed to sell Eidos, Crystal Dynamics and Square Enix Montreal and a catalogue of IPs including Tomb Raider to Embracer Group for 300 million USD with the transaction set to complete during the second quarter of Embracer's financial year 22/23 (July-September 2022).
"The Digital Entertainment segment consists of planning, development, distribution, and operation of digital entertainment content primarily in the form of games. Digital entertainment content is offered to meet customer lifestyles across a variety of usage environments such as consumer game consoles (including handheld game machines), personal computers, and smart devices."
"Due to decreased earnings from new titles, the HD (High-Definition) Game sub-segment’s net sales for the three-month period ended June 30, 2022 declined compared to the same period of the previous fiscal year, which had included the release of OUTRIDERS and NieR Replicant ver.1.22474487139..."
"In the MMO (Massively Multiplayer Online) Game sub-segment, net sales rose versus the same period of the previous fiscal year due to growth in the number of monthly paying subscribers for FINAL FANTASY XIV. While ECHOES of MANA got off to a solid start following its April launch, net sales in the Games for Smart Devices/PC Browser sub-segment declined compared to the same period of the previous fiscal year, in part because of weak performances from existing titles."
"Net sales and operating income in the Digital Entertainment segment totaled ¥53,570 million (a decrease of 23.3％ from the same period of the prior fiscal year), and ¥14,140 million (a decrease of 17.5％ from the same period of the prior fiscal year), respectively."
"As of June 30, 2022, total current assets were ¥313,399 million, a decrease of ¥9,055 million compared to March 31, 2022. This was mainly due to decreases in cash and deposits of ¥17,483 million and notes and accounts receivable-trade of ¥7,155 million, while content production account increased by ¥14,498 million. As of June 30, 2022, total non-current assets were ¥59,991 million, an increase of ¥1,543 million compared to March 31, 2022. As a result, total assets were ¥373,391 million, a decrease of ¥7,511 million compared to March 31, 2022."