Outline of Financial Results Briefing by SQUARE ENIX HOLDINGS held on May 13, 2019 : https://www.hd.square-enix.com/eng/news/pdf/19q4_Outline.pdf
Edit: For better clarity,
At E3, we plan to unveil the details of our major new HD games for FY2020/3, but due to the progress of our development efforts and out of consideration of competitor release schedules, our major launches will take place after midyear of FY2020/3. As such, the FY2020/3 earnings contribution will be limited. We had initially anticipated to grow up and to the right between FY2019/3 and FY2020/3, but we now look to trend flat given that we will be "rewinding" one year in our earnings trajectory. In light of our forthcoming lineup of titles, we believe that it is FY2021/3 and beyond when we can expect major growth and think we have the potential to generate operating income of ¥40-50 billion.
When you see the lineup we will be unveiling at E3, I believe that you will understand why we now expect a sharp growth curve between FY2020/3 and FY2021/3 rather than the gradual curve that we had originally anticipated. In addition to our major titles, we also have FY2020/3 releases planned for some unique and promising games, including some for smartphones. As such, we hope that our earnings will overshoot our initial targets for sales of ¥270 billion and operating income of ¥24 billion.
Edit: For better clarity,
- FY2020/3 = April 2019 to March 2020 so midyear FY2020/3 is October 2019 to March 2020
- FY2021/3 = April 2020 to March 2021
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