Square Enix Holdings Co Ltd (JP:9684)
:9684
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Square Enix Holdings Co
(9684)
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Rating:57Neutral
Price Target:
¥2,624.00
▲(3.51% Upside)
Action:ReiteratedDate:10/09/25
Square Enix Holdings Co's overall stock score is primarily influenced by its stable financial performance, characterized by strong profitability and low leverage. However, the technical analysis indicates a bearish trend, and the high P/E ratio suggests potential overvaluation. The lack of earnings call data and notable corporate events limits further insights.
Positive Factors
Low leverage / strong balance sheet
A debt-to-equity of 0.0046 and a strong equity ratio signal minimal leverage and low financial risk. That capital conservatism provides durable flexibility to fund multi-year game development, support live-service operations, pursue licensing and M&A, and withstand cyclical sales dips without heavy borrowing.
Negative Factors
Declining revenue
A revenue decline of roughly -16% signals a material slowdown in top-line momentum. Persistent top-line weakness constrains reinvestment in new titles and live-service content, can erode scale advantages, and risks longer-term margin and cash-generation pressure if not reversed through new product cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A debt-to-equity of 0.0046 and a strong equity ratio signal minimal leverage and low financial risk. That capital conservatism provides durable flexibility to fund multi-year game development, support live-service operations, pursue licensing and M&A, and withstand cyclical sales dips without heavy borrowing.
Read all positive factors
Square Enix Holdings Co (9684) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥924.30B
Dividend Yield1.8%
Average Volume (3M)1.18M
Price to Earnings (P/E)16.6
Beta (1Y)0.22
Revenue Growth-12.02%
EPS Growth126.06%
CountryJP
Employees4,770
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)43.14
Shares Outstanding367,594,800
10 Day Avg. Volume2,140,940
30 Day Avg. Volume1,177,443
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)2.48
Price to Sales (P/S)2.57
P/FCF Ratio26.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,406.73Price Target Upside-5.06% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)96.78
Revenue Forecast (FY)¥299.98B
Square Enix Holdings Co Business Overview & Revenue Model
Company Description
Square Enix Holdings Co., Ltd. operates in the content and service businesses in Japan, North America, Europe, and rest of Asia. It operates through four segments: Digital Entertainment, Amusement, Publication, and Merchandising. The company's Dig...
How the Company Makes Money
Square Enix primarily makes money by monetizing its game intellectual property (IP) across multiple channels. A major revenue stream is the sale of video games, including packaged (physical) and downloadable titles, where revenue is generated at i...
Square Enix Holdings Co Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 313.87B | 324.51B | 356.34B | 343.27B | 365.27B | 331.05B |
| Gross Profit | 155.46B | 158.65B | 163.68B | 173.02B | 192.16B | 156.31B |
| EBITDA | 40.42B | 48.25B | 25.68B | 65.43B | 77.97B | 53.30B |
| Net Income | 18.60B | 24.41B | 14.91B | 49.26B | 51.01B | 26.94B |
Balance Sheet | ||||||
| Total Assets | 402.48B | 416.16B | 411.93B | 400.59B | 380.90B | 336.14B |
| Cash, Cash Equivalents and Short-Term Investments | 231.72B | 247.76B | 225.90B | 193.50B | 163.09B | 146.23B |
| Total Debt | 3.78B | 1.54B | 2.15B | 2.17B | 4.34B | 3.78B |
| Total Liabilities | 73.24B | 79.79B | 94.80B | 83.32B | 96.47B | 92.86B |
| Stockholders Equity | 328.94B | 336.06B | 316.87B | 317.04B | 284.24B | 243.13B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 31.91B | 42.95B | 6.55B | 22.08B | 30.05B |
| Operating Cash Flow | 0.00 | 42.78B | 52.24B | 12.23B | 27.57B | 35.00B |
| Investing Cash Flow | 0.00 | -15.11B | -13.21B | 27.60B | -8.12B | -6.65B |
| Financing Cash Flow | 0.00 | -6.60B | -14.79B | -15.52B | -9.34B | -6.65B |
Square Enix Holdings Co Technical Analysis
Neutral
2535.00
Price Trends
2562.30
Positive
2731.48
Negative
3017.46
Negative
Market Momentum
5.74
Negative
53.27
Neutral
81.38
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9684, the sentiment is Neutral. The current price of 2535 is below the 20-day moving average (MA) of 2549.73, below the 50-day MA of 2562.30, and below the 200-day MA of 3017.46, indicating a neutral trend. The MACD of 5.74 indicates Negative momentum. The RSI at 53.27 is Neutral, neither overbought nor oversold. The STOCH value of 81.38 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9684.
Square Enix Holdings Co Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥530.39B | 15.43 | ― | 2.49% | -1.05% | 6.49% | |
72 Outperform | ¥2.64T | 25.95 | 17.57% | 0.84% | 18.39% | 23.33% | |
69 Neutral | ¥1.39T | 33.58 | 26.91% | 1.17% | 45.17% | 81.91% | |
68 Neutral | ¥502.51B | -6.55 | -3.66% | 2.12% | -8.73% | -55.81% | |
67 Neutral | ¥9.57T | 19.28 | 13.46% | 1.17% | 24.47% | 12.54% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | ¥924.30B | 16.57 | 6.70% | 1.80% | -12.02% | 126.06% |
* Communication Services Sector Average
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Square Enix Holdings Co Corporate Events
Square Enix Introduces Shareholder Benefit Program Tied to Long-Term Holdings
Feb 5, 2026
Square Enix Holdings has approved the introduction of a new shareholder benefit program designed to reward existing investors and incentivize longer-term shareholding. Starting with the March 31, 2026 record date, shareholders holding at least 100...
Square Enix Lifts Full-Year Profit Forecasts on Strong Game and Royalty Earnings
Feb 5, 2026
Square Enix has raised its full-year profit forecasts for the fiscal year ending March 31, 2026, while keeping net sales guidance unchanged at ¥280 billion, after results for the nine months to December 31, 2025 surpassed earlier expectations...
Square Enix Flags Risks and Uncertainty Around Nine-Month Earnings Outlook
Feb 5, 2026
Square Enix released briefing materials for the nine-month period ended December 31, 2025, emphasizing that all comments on plans, strategies, and earnings are forward-looking and subject to significant uncertainty. Management warns that actual re...
Square Enix Boosts Profit Outlook Despite Lower Sales and Implements Stock Split–Linked Dividend Plan
Feb 5, 2026
Square Enix reported consolidated results for the nine months ended December 31, 2025, showing a 13.3% year-on-year decline in net sales to ¥215.5 billion but a strong improvement in profitability, with operating income up 39.0% to ¥46.4...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.