Results Briefing Session for the Three-Month Period Ended June 30, 2023

August4,2023

SQUAREENIXHOLDINGSCO.,LTD.

FinancialResults

BriefingSession

Three‐MonthPeriodEndedJune 30,2023

StatementsmadeinthisdocumentwithrespecttoSQUAREENIXHOLDINGSCO.,LTD.anditsconsolidated

subsidiaries'(together,“SQUAREENIXGROUP")plans,estimates,strategiesand beliefsareforward‐lookingstatements

aboutthefutureperformanceofSQUAREENIXGROUP.

Thesestatementsarebasedonmanagement'sassumptionsandbeliefsinlightofinformation

availabletoitatthe

timethesematerialweredraftedand,therefore,thereadershouldnotplaceunduerelianceonthem.Also,thereader

shouldnotassumethatstatementsmadeinthisdocumentwillremainaccurateoroperativeatalatertime.

Anumberoffactorscouldcauseactualresults

tobemateriallydifferentfromandworsethanthosediscussedin

forward‐lookingstatements.Suchfactorsinclude,butnotlimitedto:

1.changesineconomicconditionsaffectingouroperations;

2.fluctuationsincurrencyexchangerates,particularlywithrespecttothevalueoftheJapanese

yen,theU.S.dollarandtheEuro;

3.SQUAREENIXGROUP’sabilitytocontinuetowinacceptanceofourproductsandservices,

whichareofferedinhighlycompetitivemarketscharacterizedbythecontinuousintroduction

ofnewproductsandservices,rapiddevelopmentsintechnology,andsubjectiveandchanging

consumerpreferences;

4.SQUAREENIXGROUP’sabilitytoexpandinternationalsuccess

withafocusonourbusinesses;

and

5.regulatorydevelopmentsandchangesandourabilitytorespondandadapttothosechanges.

Theforward‐lookingstatementsregardingearningscontainedinthesematerialswerevalidatthetimethese

materialsweredrafted.SQUAREENIXGROUPassumesnoobligationtoupdateorreviseany

forward‐lookingstatements,

includingforecastsorprojections,whetherasaresultofnewinformation,subsequenteventsorotherwise.

Thefinancialinformationpresentedinthisdocumentispreparedaccordingtogenerallyacceptedaccounting

principlesinJapan.

(Amountsunderonehundredmillionyenareroundeddown)

FinancialResults

FirstQuarterofFiscalYear

EndingMarch31,2024

ConsolidatedStatementofIncome

Q1,FY2024/3

(Billions ofYen)

Q1 FullYearResults Q1 Changes

FullYear

Forecasts

Changes

Netsales 74.8 343.2 85.6 10.8 360.0 16.8

Operatingincome 14.4 44.3 3.0 (11.4) 55.0 10.7

Operatingincomemargin 19.3% 12.9% 3.6% (15.7pt) 15.3% 2.4pt

Ordinaryin come 26.2 54.7 9.1 (17.1) 55.0 0.3

Ordinaryin comemargin 35.1% 15.9% 10.7% (24.4pt) 15.3% (0.6pt)

Profitattributableto

ownersofparent

18.3 49.2 6.3 (12.0) 38.5 (10.7)

Depreciationand

amortization

1.7 6.9 1.6 (0.1) 9.9 3.0

Capitalexpenditure 1.4 9.6 3.8 2.4 11.7 2.1

FiscalYearEnded

March31,2023

FiscalYearEnding

March31,2024

ConsolidatedStatementofIncome

Q1,FY2024/3byBusinessSegment

(BillionsofYen)

FiscalYearEnded

March31,2023

Q1 Q1 Changes

Netsales 74.8 85.6 10.8

DigitalEntertainment 53.5 62.3 8.8

Amusement 11.9 13.3 1.4

Publication 6.2 5.9 (0.3)

Merchandising 3.6 4.7 1.1

Eliminationsorunallocated (0.6) (0.7) (0.1)

Operatingincome 14.4 3.0 (11.4)

DigitalEntertainment 14.1 2.7 (11.4)

Amusement 1.1 1.4 0.3

Publication 2.4 2.1 (0.3)

Merchandising 0.8 1.2 0.4

Eliminationsorunallocated (4.2) (4.5) (0.3)

Operatingincomemargin 19.3% 3.6% (15.7pt)

DigitalEntertainment 26.4% 4.4% (22.0pt)

Amusement 9.5% 11.1% 1.6pt

Publication 39.9% 35.7% (4.2pt)

Merchandising 23.0% 27.2% 4. 2pt

Eliminationsorunallocated ‐‐‐

FiscalYearEnding

March31,2024

ConsolidatedBalanceSheet

asofJune30, 2023

(BillionsofYen)

Account 03/2023 06/2023 Changes Account 03/2023 06/2023 Changes

Cashanddeposits 193.5 179.9 (13.6) Notesandaccountspayable 23.5 22.5 (1.0)

Notesandaccountsreceivable

39.9 47.9 8.0 Incometaxespayable 3.4 3.8 0.4

Inventories 5.7 5.6 (0.1) Refundliabilities 5.1 6.4 1.3

Con tentproductionaccount 87.2 79.0 (8.2) Others 39.5 38.7 (0.8)

Others 15 .9 21 .0 5.1 TotalCur rentLiabilities 71.7 71.6 (0.1)

TotalCurrentAssets 342.2 333.6 (8. 6) Non‐currentLiabilities 10.6 10.6 0.0

Propertyandequip ment 17.7 20.2 2.5 Tota lLiabilities 82.3 82.3 0.0

IntangibleAssets 5.8 5.6 (0.2) TotalShareholders’Equity 324.7 318.1 (6.6)

Investmentsandotherassets 33.7 32.8 (0.9) Others (7.4) (8.0) (0.6)

TotalNon‐currentAssets 57.3 58.8 1.5 TotalNetAssets 317.2 310.1 (7. 1)

TotalAssets 399.6 392.4 (7. 2)

TotalLiabilitiesand

NetAssets

399.6 392.4 ( 7. 2)

＜

Assets

＞

ConsolidatedFinancialResultsand

Progressin

EachBusinessSegment

ConsolidatedFinancialResults

Netsalesup,operatingincomeandnetincomedownYoY

(Billionsofyen) (Billionsofyen)

88.6

74.8

85.6

17.3

14.4

3.0

12.6

18.3

6.3

0.0

6.0

12.0

18.0

24.0

30.0

0.0

20.0

40.0

60.0

80.0

100.0

FY2022/3

FY2023/3

FY2024/3

NetSales(leftaxis) OperatingIncome(rightaxis) Profitattributabletoownersofparent(rightaxis)

Digita lEntertainment

NetsalesupYoYduetothelaunchof“FINALFANTASYXVI”andothernewtitles,

butoperatingincomedown,partlyduetoamortizationofdevelopmentcost

HDGames Launchednewtitlessuchas “FINALFANTASYXVI”and

“FINALFANTASYPIXELREMASTER.”

MMO NetsalesdownYoY

GamesforSmartDevices/PCBrowser Newtitleswereunabletooffsetweakperformancesfrom

existingtitles

(Billionsofyen)(Billionsofyen)

11.6

14.1

11.0

33.0

27.3

22.3

25.1

12.0

28.9

69.8

53.5

62.3

17.1

14.1

2.7

0.0

10.0

20.0

30.0

40.0

0.0

20.0

40.0

60.0

80.0

FY2022/31Q FY2023/31Q FY2024/31Q

NetSales:HDGames(leftaxis) NetSales:GamesforSmartDevices/PCBrowser(leftaxis)

NetSales:MMO(leftaxis) OperatingIncome(rightaxis)

HDGames:Plantolaunchnewtitles,somefeaturingkeyIPs

Digita lEntertainment‐Maintitles1‐

HDGame：Majorupcomingtitleswithannouncedreleasetiming

LaunchedonJun22,2023

©2023SQUAREENIX CO.,LTD.AllRightsReserved.

FINALFANTASY,SQUAREENIX andtheirrespectivelogosare

trademarksorregisteredtrademarksofSquareEnix HoldingsCo.,

Ltd.

©1998,2023SQUAREENIX CO.,LTD.AllRightsReserved.

Originalversiondevelopedbytri‐AceInc.

TobelaunchedonNov2,2023

*Steam:TobelaunchedonNov3,2023

TobelaunchedonDec1,2023

TobelaunchedinEarly2024

©SQUAREENIX

CHARACTERDESIGN:TETSUYANOMURA/ROBE RTOFERRARI

©SANJO RIKU,INADAKOJI/SHUEISHA,TheAdventureofDaiProject

©2020‐2023SQUAREENIX CO.,LTD.AllRightsReserved.

TobelaunchedonSep28,2023

*Steam:TobelaunchedonSep29,2023

©1987,1988,1990,1991,1992,1994,2021,2022,2023

SQUAREENIX CO.,LTD.AllRightsReserved.

PlayStation4/NintendoSwitch:LaunchedonApr20,2023

©ARMORPROJECT/BIRDSTUDIO/SQUAREENIX

MMO:Planningvariousinitiativescelebratingthe10thanniversaryof

“FINALFANTASYXIV:ARealmReborn”

Digita lEntertainment‐Maintitles2‐

MMO︓Maintitlesinoperation

©SQUAREENIX

LOGOILLUSTRATION:©YOSHITAKAAMANO

©2012‐2023ARMORPROJECT/BIRDSTUDIO/SQUAREENIX

AllRightsReserved.

“FINALFANTASYXIV:DA WNTRAIL”

Tobelaunchedinsummer2024

GamesforSmartDevices/PCBrowser:Multiplenewlaunchesplanned

Major Operating Titles (Monthandyearindicateeachtitle’slaunchtiming)

Digita lEntertainment‐Maintitles3‐

AllRightsReserved.

AlliancewithDeNACo.,Ltd.

(PublishedbyDeNACo.,Ltd.)

©SQUAREENIXCO.,LTD.

©DeNACo.,Ltd.

©2015‐2023ARMORPROJECT/

BIRDSTUDIO/SQUAREENIX

AllRightsReserved.

©2018‐2023SQUAREENIXCO.,LTD.

AllRightsReserved.

PoweredbyAkatsukiInc.

©2019TOARU‐PROJECT

©2019‐2023SQUAREENIXCO.,LTD.

AllRightsReserved.

©2019‐2023ARMORPROJECT/

BIRDSTUDIO/SQUAREENIX

AllRightsReserved.

©2019‐2023SQUAREENIXCO.,LTD.

AllRightsReserved.

Co‐DevelopedbygumiInc.

LOGOILLUSTRATION:

©2018YOSHITAKAAMANO

©2020‐2023ARMORPROJECT/

BIRDSTUDIO/SQUAREENIX

AllRightsReserved.

DevelopedbyAimingInc.

©2020‐2023 SQUAREENIXCO.,LTD.

AllRightsReserved.

©2021‐2023SQUAREENIXCO.,

LTD.

AllRightsReserved.

DevelopedbyApplibot,Inc.

©2021‐2023ARMORPROJECT/

BIRDSTUDIO/NHNPlayArt/

SQUAREENIXAllRightsReserved.

Aug2010

(PCBrowsergame)

Jan2014 Apr2014 Sep2014 Oct2015 Oct2015 Feb2017

Jun2017

Co‐developedwithPokelaboInc.

(PublishedbyPokelaboInc.)

©2017‐2023PokelaboInc./

SQUAREENIXCO.,LTD.

AllRightsReserved

Dec2018

Jul2019 Sep2019 Nov2019 Jul2020 Oct2020

Dec2021

Feb2021

AllRightsReserved.

DevelopedbygumiInc.

LOGOILLUSTRATION:

Aug2022

©2023SQUAREENIXCO.,LTD.

AllRightsReserved.

Feb 2023 Jun2023

©ARMORPROJECT/BIRDSTUDIO/

KOEITECMOGAMES/SQUAREENIX

©荒川弘/SQUAREENIX

©KOEITECMOGAMES/SQUAREENIX

CHARACTERDESIGN:TETSUYANOMURA

©ARMORPROJECT/

BIRDSTUDIO/SQUAREENIX

©SUGIYAMAKOBO

DevelopedbyCygames,Inc.

Digita lEntertainment‐‐Digitalvs.PackagedGameSales‐‐

(Billionsofyen)

63.3

51.6

49.8

6.5

1.9

12.5

69.8

53.5

62.3

0.0

20.0

40.0

60.0

80.0

FY2022/31Q FY2023/31Q FY2024/31Q

BreakdownofDigitalEntertainmentsales

DigitalSales PackagedSales

Digita lEntertainment ‐‐UnitsSoldbyRegion‐‐

UnitsSold=Solddisks+Downloads

Packaged: Unit sales ofpackagedsoftwaresoldinthefiscalyear

Downloads:Unitsalesofdownloadedsoftwaresoldinthefiscalyear

*TheabovenumberscoverbothHDandMMOgames,andincludestitlesforwhichSquareEnixisthedistributorandtitlessold

episodically.

(MillionsofUnitsSold)

Packaged Download Total Packaged Download Total

Japan

0.10 0.56 0.66 0.50 1.44 1.94

NorthAmerica/

Europe

0.28 2.74 3.03 1.42 3.26 4.67

Asia,etc.

0.13 0.46 0.59 0.29 0.64 0.93

Total

0.52 3.76 4.28 2.21 5.33 7.54

Region

FY2023/ 3Q1Results FY2024/3 Q1Results

Digita lEntertainment

(Billionsofyen)(Billionsofyen)

76.0

97.7

91.6

259.4

263.3

254.3

0.0

100.0

200.0

300.0

0.0

40.0

80.0

120.0

2021

(Jul2020‐Jun2021)

2022

(Jul2021‐Jun2022)

2023

(Jul2022‐Jun2023)

Note:Contentproductionaccountbalances&

NetsalesofDigitalEntertainment(TTM)

Contentproductionaccount(leftaxis) NetSales:DigitalEntertainment(rightaxis)

*Contentproductionaccount:Averageofend‐quarterbalancesformostrecent12months

Digita lEntertainment

(Billionsofyen)(Billionsofyen)

259.4

263.3

254.3

41.6

55.9

29.8

0.0

15.0

30.0

45.0

60.0

0.0

75.0

150.0

225.0

300.0

2021

(Jul2020‐Jun2021)

2022

(Jul2021‐Jun2022)

2023

(Jul2022‐Jun2023)

Note:Trendsonfinancialperformanceof DigitalEntertainment

(TTM)

NetSales(leftaxis) OperatingIncome(rightaxis)

Amusement

NetsalesandoperatingincomeupYoYduetoriseinsame‐storesales

(Billionsofyen) (Billionsofyen)

9.4

11.9

13.3

0.3

1.1

1.4

0.0

1.0

2.0

3.0

0.0

5.0

10.0

15.0

FY2022/31Q FY2023/31Q FY2024/31Q

NetSales(leftaxis) OperatingIncome(rightaxis)

Publication

Netsalesandoperatingincomedownduetodeclinesinbothdigitalandprintsales

MajorService,TitlesinFY2024/3

(Billionsofyen) (Billionsofyen)

7.2

6.2

5.9

3.2

2.4

2.1

0.0

1.5

3.0

4.5

0.0

3.0

6.0

9.0

FY2022/31Q FY2023/31Q FY2024/31Q

NetSales(leftaxis) OperatingIncome(rightaxis)

AllRightsReserved.

Publication‐‐Digitalvs.PrintedMediaSales‐‐

(Billionsofyen)

4.0

3.6

3.4

3.2

2.6

2.5

7.2

6.2

5.9

0.0

3.0

6.0

9.0

FY2022/31Q FY2023/31Q FY2024/31Q

BreakdownofPublicationsales

Digitalsales Printedmediasales

Merchandising

NetsalesandoperatingincomeupYoYduetobrisksalesofnewcharactermerchandise 

featuringkeyIPs

MajorProductsinFY2024/3

(Billionsofyen) (Billionsofyen)

2.7

3.6

4.7

0.9

0.8

1.2

0.0

0.5

1.0

1.5

2.0

0.0

1.5

3.0

4.5

6.0

FY2022/31Q FY2023/31Q FY2024/31Q

NetSales(leftaxis) OperatingIncome(rightaxis)

CHARACTERDESIGN:TETSUYA NOMURA/ROBERTOFERRARI

FINALFANTASY,SQUAREENIX andtheirrespectivelogosaretrademarksor

registeredtrademarksofSquareEnix HoldingsCo.,Ltd.

CHARACTERDESIGN:TETSUYA NOMURA/ROBERTOFERRARI

August4,2023

SQUAREENIXHOLDINGSCO.,LTD.

FinancialResults

BriefingSession

Three‐MonthPeriodEndedJune 30,2023