Square Enix Holdings Co Ltd (JP:9684)
:9684
Want to see JP:9684 full AI Analyst Report?
Top Page
Square Enix Holdings Co
(9684)
Select Model
Select Model
Rating:63Neutral
Price Target:
¥2,827.00
▲(6.70% Upside)
Action:Reiterated
Date:05/16/26
Overall score reflects strong underlying financial quality (very low leverage and solid free cash flow) tempered by weakening/volatile operating performance (revenue declines and margin variability). Technical indicators are soft (below the 200-day and negative MACD), and valuation is only fair due to a higher P/E despite a modest dividend.
Positive Factors
Balance-sheet Strength
Extremely low leverage and rising equity provide durable financial flexibility. Zero total debt in 2026 and multi-year equity growth create a buffer for funding game development, M&A, or smoothing investment cycles without pressing financing needs, supporting long-term stability.
Negative Factors
Top-line Declines
Sustained revenue declines across 2025–2026 reduce visibility into long-term growth. Persistent top-line weakness limits reinvestment capacity, increases pressure on margins to sustain profits, and makes long-term revenue trajectory dependent on successful new releases or monetization shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet Strength
Extremely low leverage and rising equity provide durable financial flexibility. Zero total debt in 2026 and multi-year equity growth create a buffer for funding game development, M&A, or smoothing investment cycles without pressing financing needs, supporting long-term stability.
Read all positive factors
Square Enix Holdings Co (9684) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥995.95B
Dividend Yield1.8%
Average Volume (3M)1.18M
Price to Earnings (P/E)30.5
Beta (1Y)0.25
Revenue Growth-8.27%
EPS Growth21.14%
CountryJP
Employees4,770
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)51.63
Shares Outstanding367,594,800
10 Day Avg. Volume2,140,940
30 Day Avg. Volume1,177,443
Financial Highlights & Ratios
PEG Ratio1.44
Price to Book (P/B)2.59
Price to Sales (P/S)3.03
P/FCF Ratio19.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,415.00Price Target Upside-8.85% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)97.58
Revenue Forecast (FY)¥308.19B
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 and entertainment IP through multiple channels. Its core revenue stream is the sale of video games it develops and/or publishes, including full-game sales (physical and digital) on consoles ...
Square Enix Holdings Co Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
90
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 313.87B | 297.66B | 324.51B | 356.34B | 343.27B | 365.27B |
| Gross Profit | 155.46B | 155.22B | 158.65B | 163.68B | 173.02B | 192.16B |
| EBITDA | 40.42B | 63.42B | 48.25B | 25.68B | 65.43B | 77.97B |
| Net Income | 18.60B | 29.62B | 24.41B | 14.91B | 49.26B | 51.01B |
Balance Sheet | ||||||
| Total Assets | 402.48B | 438.02B | 416.16B | 411.93B | 400.59B | 380.90B |
| Cash, Cash Equivalents and Short-Term Investments | 231.72B | 276.05B | 247.76B | 225.90B | 193.50B | 163.09B |
| Total Debt | 3.78B | 0.00 | 1.54B | 2.15B | 2.17B | 4.34B |
| Total Liabilities | 73.24B | 88.79B | 79.79B | 94.80B | 83.32B | 96.47B |
| Stockholders Equity | 328.94B | 348.88B | 336.06B | 316.87B | 317.04B | 284.24B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 45.34B | 31.91B | 42.95B | 6.55B | 22.08B |
| Operating Cash Flow | 0.00 | 51.58B | 42.78B | 52.24B | 12.23B | 27.57B |
| Investing Cash Flow | 0.00 | -6.21B | -15.11B | -13.21B | 27.60B | -8.12B |
| Financing Cash Flow | 0.00 | -18.43B | -6.60B | -14.79B | -15.52B | -9.34B |
Square Enix Holdings Co Technical Analysis
Positive
2649.50
Price Trends
2556.84
Positive
2621.72
Positive
2915.48
Negative
Market Momentum
42.09
Negative
63.54
Neutral
86.20
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9684, the sentiment is Positive. The current price of 2649.5 is above the 20-day moving average (MA) of 2555.93, above the 50-day MA of 2556.84, and below the 200-day MA of 2915.48, indicating a neutral trend. The MACD of 42.09 indicates Negative momentum. The RSI at 63.54 is Neutral, neither overbought nor oversold. The STOCH value of 86.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥511.33B | 6.94 | ― | 2.49% | 6.31% | 10.31% | |
71 Outperform | ¥8.39T | 38.98 | 13.46% | 1.17% | 98.56% | 52.21% | |
70 Outperform | ¥2.64T | 26.21 | 17.57% | 0.84% | 17.10% | 33.90% | |
65 Neutral | ¥1.34T | 25.65 | 26.91% | 1.17% | 15.19% | 12.65% | |
63 Neutral | ¥995.95B | 30.48 | 6.70% | 1.80% | -8.27% | 21.14% | |
61 Neutral | ¥466.32B | 11.51 | -3.66% | 2.12% | 13.66% | -113.12% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
JP:9684
Square Enix Holdings Co
2,700.00
-179.29
-6.23%
JP:9766
KONAMI HOLDINGS
19,630.00
466.10
2.43%
JP:9697
Capcom Co
3,182.00
-920.93
-22.45%
JP:7974
Nintendo Co
7,240.00
-4,344.46
-37.50%
JP:6460
Sega Sammy Holdings
2,349.00
-351.42
-13.01%
JP:3635
Koei Tecmo Holdings Co., Ltd.
1,531.00
-810.08
-34.60%
Square Enix Holdings Co Corporate Events
Square Enix Flags Key Risks Underpinning Fiscal 2026 Earnings Briefing
May 14, 2026
Square Enix Holdings has issued materials for its financial results briefing for the fiscal year ended March 31, 2026, outlining the assumptions underpinning its outlook for the group. Management stresses that these materials are based on informat...
Square Enix Boosts Profitability Despite Lower Sales and Signals Cautious FY2027 Outlook
May 14, 2026
Square Enix reported consolidated net sales of ¥297.7 billion for the year ended March 31, 2026, down 8.3% year on year, but significantly improved profitability with operating income up 34.9% to ¥54.7 billion and ordinary income up 57.5...
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.