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Square Enix Holdings Co ( (JP:9684) ) has provided an update.
Square Enix Holdings Co., Ltd. announced an extraordinary loss of approximately ¥9.8 billion due to restructuring costs aimed at reorganizing its overseas operations to enhance efficiency and agility. This reorganization is part of a strategic shift to strengthen its digital entertainment segment and promote a globally integrated marketing strategy. Consequently, the company revised its full-year financial forecasts, significantly lowering the profit attributable to owners of the parent by 41.1%, while maintaining its net sales and operating income projections.
The most recent analyst rating on (JP:9684) stock is a Hold with a Yen3312.00 price target. To see the full list of analyst forecasts on Square Enix Holdings Co stock, see the JP:9684 Stock Forecast page.
More about Square Enix Holdings Co
Square Enix Holdings Co., Ltd. operates in the digital entertainment industry, primarily focusing on video game development and publishing. The company is known for its popular gaming franchises and is increasingly targeting overseas markets, adapting to digital shifts, and leveraging transmedia development.
Average Trading Volume: 1,188,812
Technical Sentiment Signal: Buy
Current Market Cap: Yen1091.8B
Learn more about 9684 stock on TipRanks’ Stock Analysis page.