Financial Results for Fiscal Year Ended March 31, 2026

Consolidated Financial Results

for the Fiscal Year Ended March 31, 2026 (Japan GAAP)

May 14, 2026

Company name: SQUARE ENIX HOLDINGS CO., LTD.

Shares traded: Tokyo Stock Exchange, Prime Market Company code: 9684

Company URL: https://www.hd.square-enix.com/eng

Representative: Takashi Kiryu, President and Representative Director

Contact: Takayuki Hamada, General Manager Financial Strategy Division Tel (03) 5292-8000

Annual general meeting of shareholders: June 24, 2026 (planned) Financial report submission: June 23, 2026 (planned) Cash dividend payment commencement: June 5, 2026 (planned) Supplementary annual materials prepared: Yes

Annual results presentation held: Yes (for institutional investors and analysts)

(Amounts under one million yen are rounded down)

1. Consolidated Financial Results (April 1, 2025 to March 31, 2026)

   1. Consolidated Financial Results (Millions of yen and year-on-year changes in percents)

      	Net sales			Operating	income		Ordinary	income		Profit attributable to owners of parent
      Fiscal year ended			％			％			％			％
      March 31, 2026	297,661	(8.3)		54,736	34.9		64,469	57.5		29,616	21.3
      March 31, 2025	324,506	(8.9)		40,580	24.6		40,939	(1.4)		24,414	63.7

      Note. FY ended March 31, 2026 Comprehensive income: 30,679 million yen (21.5%)

      FY ended March 31, 2025 Comprehensive income: 25,249 million yen (72.7%)

      	Earnings per share, basic	Earnings per share, diluted	Return on equity	Ordinary income to total assets	Operating margin
      Fiscal year ended	yen	yen	％	％	％
      March 31, 2026	82.15	82.08	8.7	15.1	18.4
      March 31, 2025	67.79	67.79	7.5	9.9	12.5

      Note. 1 FY ended March 31, 2026 Equity in gain (loss) of affiliated companies: － million yen FY ended March 31, 2025 Equity in gain (loss) of affiliated companies: － million yen

      2 The company conducted a stock split at a ratio of three shares for one share of common stock, with the record date of September 30, 2025 and the effective date of October 1, 2025. The above figures for basic earnings per share and diluted earnings per share are calculated based on the assumption that the stock split was conducted at the beginning of the fiscal year ended March 31, 2025.

   2. Consolidated Financial Position (Millions of yen, ratios in percents and per share data)

      	Total assets	Net assets	Equity ratio	Net assets per share
      As of			％	yen
      March 31, 2026	438,018	349,224	79.6	966.63
      March 31, 2025	416,160	336,368	80.7	931.75

      Note. 1 Total equity As of March 31, 2026: 348,583 million yen

      As of March 31, 2025: 335,709 million yen

      2 The company conducted a stock split at a ratio of three shares for one share of common stock, with the record date of September 30, 2025 and the effective date of October 1, 2025. The above figures for net assets per share are calculated based on the assumption that the stock split was conducted at the beginning of the fiscal year ended March 31, 2025.

   3. Consolidated Statements of Cash Flows (Millions of yen)

      	From operating activities	From investing activities	From financing activities	Closing cash and cash equivalents
      Fiscal year ended
      March 31, 2026	51,584	(6,209)	(18,430)	275,796
      March 31, 2025	42,781	(15,114)	(6,600)	243,610

2. Dividends

   	Dividends per share					Total annual dividend payments	Dividend payout ratio (consolidated)	Dividend on equity (consolidated)
   	1Q	2Q	3Q	4Q	Total
   	yen - -	yen	yen - -	yen	yen 129.00 -	million yen	％	％
   Fiscal year ended March 31, 2025		28.00		101.00		15,491	63.4	4.7
   Fiscal year ended March 31, 2026		54.00		25.00		15,505	52.3	4.5
   Fiscal year ending March 31, 2027 (projection)	-	18.00	-	25.00	43.00		50.0

   (Note) 1 No change in Dividend projection from previous announcement.

   2 The company conducted a stock split at a ratio of three shares for one share of common stock, with the record date of September 30, 2025 and the effective date of October 1, 2025. The year-end dividend per share for the fiscal year ending March 2026 as above is the figure presented after the stock split. The total annual dividend per share for the fiscal year ending March 2026 is not presented due to the stock split, because the interim dividend and the year-end dividend cannot be simply totaled. The year-end dividend per share for the fiscal year ending March 2026 without considering the stock split will be 75.00 yen and the total annual dividend will be 129.00 yen.

3. Consolidated Forecasts (April 1, 2026 to March 31, 2027)

(Millions of yen, year-on-year changes in percents and per share data)

(Note) The Company omits disclosure of consolidated earnings forecasts for the second quarter (cumulative). For details, please refer to

1. Consolidated forecasts on page 4 of the Supplemental Information attached herewith.

Notes

1. Significant changes among major subsidiaries during the period: None

2. Changes in accounting policies, procedures, and methods of presentation for consolidated financial statements

   1. Changes in accounting policies due to revisions to accounting standards: None

   2. Changes other than 1.: None

   3. Changes in accounting estimates: Yes

   4. Retrospective restatement: None

3. Outstanding shares (common stock)

   1. Number of shares issued and outstanding (including treasury stock): As of March 31, 2026 367,594,788

      As of March 31, 2025 367,594,788

   2. Number of treasury stock:

      As of March 31, 2026 6,975,951

      As of March 31, 2025 7,294,473

   3. Average number of shares during the period (cumulative): Fiscal year ended March 31, 2026 360,523,968

Fiscal year ended March 31, 2025 360,119,233

(Note) The company conducted a stock split at a ratio of three shares for one share of common stock, with the record date of September 30, 2025 and the effective date of October 1, 2025. The above figures for outstanding shares (common stock) are calculated based on the assumption that the stock split was conducted at the beginning of the fiscal year ended March 31, 2025.

• Consolidated Financial Results for the Fiscal year ended March 31, 2026 (Japan GAAP) are outside the scope of audit by certified public accountants or audit firms.

• Proper use of earnings forecasts, and other special matters (Cautionary statements with respect to forward-looking statements)

The forward-looking statements in this document are based upon the information currently available and necessarily include elements that are not entirely predictable. The achievement is not promised. Actual results may differ from the forward-looking statements in this document. For additional information about forecasts, please refer to "Consolidated Forecasts" section on page 4 of the Supplemental Information.

(Access to supplemental material for the consolidated financial results)

The Company posted the supplemental material for the consolidated financial results for the Fiscal year ended March 31, 2026, on the Company's website on May 14, 2026.

Supplemental Information － Index

1. Consolidated Results and Consolidated Financial Position for the Fiscal Year Ended March 31, 2026

   Page

   2

   1. Analysis of consolidated business results 2

   2. Analysis of consolidated financial position 3

   3. Consolidated cash flow 4

   4. Consolidated forecasts 4

   5. Basic policy for profit distribution and dividends 4

2. The Group's Outline of Operations 5

3. Management Policy 7

   1. Management philosophy 7

   2. Management strategy 7

   3. Business landscape 9

   4. Business and financial challenge calling for priority action 10

   5. Objective metrics for assessing achievement of management objectives 10

4. Basic policy regarding choice of accounting standard 10

5. Consolidated Financial Statements 11

   1. Consolidated Balance Sheets 11

   2. Consolidated Income Statement and Consolidated Statement of Comprehensive Income 13

      Consolidated Income Statement 13

      Consolidated Statement of Comprehensive Income 15

   3. Consolidated Statements of Changes in Net Assets 16

   4. Consolidated Statements of Cash Flows 18

   5. Notes to Consolidated Financial Statements 20

(Notes regarding going concern assumptions) 20

(Notes on Changes in Accounting Estimates) 20

(Notes to Consolidated Income Statement) 20

(Notes on Segment Information) 23

(Notes on Per Share Information) 27

(Notes on Significant Subsequent Events) 28

- 1 －

1. Consolidated Results and Consolidated Financial Position for the Fiscal Year Ended March 31, 2026

1. Analysis of consolidated business results

   The Square Enix group (the "Group") is continuing determined efforts to strengthen the competitiveness and profitability of its business segments of Digital Entertainment, Amusement, Publication and Merchandising. Net sales for the fiscal year ended March 31, 2026 totaled ¥297,661 million (a decrease of 8.3％ from the prior fiscal year), and operating income amounted to ¥54,736 million (an increase of 34.9％ from the prior fiscal year). In foreign exchange rates, the weakness of Japanese yen compared to rates as of the end of the prior fiscal year resulted in the booking of a foreign exchange gain amounting to ¥7,213 million. As a result, ordinary income amounted to ¥64,469 million (an increase of 57.5％ from the prior fiscal year). Profit attributable to owners of parent amounted to ¥29,616 million (an increase of 21.3% from the prior fiscal year), partly due to the recognition of ¥12,135 million in Reorganization costs.

   A discussion of results by segment for the fiscal year ended March 31, 2026 follows.

   • Digital Entertainment

The Digital Entertainment segment consists of planning, development, distribution, and operation of digital entertainment content primarily in the form of game. 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.

In the HD (High-Definition) Game sub-segment, consolidated net sales and operating income for the fiscal

year ended March 31, 2026 increased compared with the previous fiscal year, driven by steady sales of new titles such as "FINAL FANTASY TACTICS - The Ivalice Chronicles," "DRAGON QUEST I & II HD-2D Remake," and "DRAGON QUEST VII Reimagined," as well as higher sales of catalog titles compared with the previous fiscal year.

In the MMO (Massively Multiplayer Online) Game sub-segment, net sales and operating income declined compared with the previous fiscal year, as the previous fiscal year had seen the launch of "FINAL FANTASY XIV: Dawntrail," an expansion pack for "FINAL FANTASY XIV."

In the Games for Smart Devices/PC Browser sub-segment, net sales declined compared with the previous fiscal year due to weakness in existing titles. However, operating income increased year on year, mainly as a result of improved profitability stemming from diversification of payment methods.

Net sales and operating income in the Digital Entertainment segment totaled ¥172,883 million (a decrease of 16.3％ from the prior fiscal year), and ¥43,363 million (an increase of 28.0％ from the prior fiscal year), respectively.

- 2 －