Results Briefing SessionResults Briefing SessionThe FirstThe First--Half Half of the Fiscal Yearof the Fiscal Year

ending March 31, 2009ending March 31, 2009ending March 31, 2009ending March 31, 2009

November 7 2008November 7 2008November 7, 2008November 7, 2008

1

Statements made in this document with respect to SQUARE ENIX HOLDINGS CO LTD and itsStatements made in this document with respect to SQUARE ENIX HOLDINGS CO., LTD. and its consolidated subsidiaries' (together, “SQUARE ENIX GROUP") plans, estimates, strategies and beliefs are forward-looking statements about the future performance of SQUARE ENIX GROUP.

These statements are based on management's assumptions and beliefs in light of information available to it at the time these material were drafted and, therefore, the reader should not place undue reliance on them. , , pAlso, the reader should not assume that statements made in this document will remain accurate or operative at a later time.

A number of factors could cause actual results to be materially different from and worse than those discussed in forward-looking statements. Such factors include, but not limited to:

1. changes in economic conditions affecting our operations; 2. fluctuations in currency exchange rates, particularly with respect to the value of the Japanese

yen, the U.S. dollar and the Euro;3. SQUARE ENIX GROUP’s ability to continue to win acceptance of our products and services, which are

ff d i hi hl titi k t h t i d b th ti i t d ti f d t doffered in highly competitive markets characterized by the continuous introduction of new products and services, rapid developments in technology, and subjective and changing consumer preferences;

4. SQUARE ENIX GROUP’s ability to expand international success with a focus on our businesses; and5 regulatory developments and changes and our ability to respond and adapt to those changes5. regulatory developments and changes and our ability to respond and adapt to those changes.

The forward-looking statements regarding earnings contained in these materials were valid at the time these materials were drafted. SQUARE ENIX GROUP assumes no obligation to update or revise any forward-looking statements, including forecasts or projections, whether as a result of new information, subsequent events or g p j qotherwise. The financial information presented in this document is prepared according to generally accepted accounting principles in Japan.

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1.1. Consolidated Financial ResultsConsolidated Financial ResultsFi tFi t H lf f th Fi l YH lf f th Fi l YFirstFirst--Half of the Fiscal YearHalf of the Fiscal Yearending March 31, 2009ending March 31, 2009g ,g ,

3

Consolidated Results of the FirstConsolidated Results of the First--Half Half (April 1, 2008 through September 30, 2008)(April 1, 2008 through September 30, 2008)

4

Consolidated Results Consolidated Results –– Segment Segment (April 1, 2008 through September 30, 2008)(April 1, 2008 through September 30, 2008)

5

Consolidated Results Consolidated Results –– Sales by RegionSales by Region(April 1, 2008 through September 30, 2008)(April 1, 2008 through September 30, 2008)

6

UnitUnit Sales of Game SoftwareSales of Game Software(April 1, 2008 through September 30, 2008)(April 1, 2008 through September 30, 2008)

1 150DRAGON QUEST V (DS)

(Thousand units)

10

10

1,150

250

150

180

460

FINAL FANTASY IV (DS)

CRISIS CORE -FINAL FANTASY VII- (PSP)

DRAGON QUEST V (DS)

620

440

30

120

90

200

200

140

120

90

DRAGON QUEST IV (DS)

FINAL FANTASY TACTICS A2 (DS)

INFINITE UNDISCOVERY (XBOX360) 410

320

260

70

140

100

20

CHOCOBO’S DUNGEON (Wii)

DRAGON QUEST SWORD (Wii)

THE WORLD ENDS WITH YOU (DS)Japan

Norh Ameica

2,050

1,560

(3,940)

(1,320)

(April-Sep 2007)160

60

70

70

NANASHI NO GAME (DS)

SIGMA HARMONICS (DS)

CHOCOBO S DUNGEON (Wii)Europe

Asia

1,360

10

4 980

(1,610)

(50)

(6 920)

550

50

460 250 10

0 500 1 000 1 500 2 000

Others

FRONT MISSION 2089 (DS) 4,980 (6,920)

1270

7

0 500 1,000 1,500 2,000

(Reference)(Reference)(Thousand units)

610

820

250

610

180

460 30

FINAL FANTASY IV (DS)

CRISIS CORE -FINAL FANTASY VII- (PSP) 1,920

1,040

1,190

300

90

200

140

120

DRAGON QUEST IV (DS)

FINAL FANTASY TACTICS A2 (DS) 620

1,420

90

500

180

70

110

140

100

50

CHOCOBO'S DUNGEON (Wii)

DRAGON QUEST SWORD (Wii)

THE WORLD ENDS WITH YOU (DS) 370

710

16090 70CHOCOBO S DUNGEON (Wii)Japan

North America

Europe

160

0 500 1 000 1 500 2 000

Europe

Asia

8

0 500 1,000 1,500 2,000

Games (Online) and Mobile Phone ContentGames (Online) and Mobile Phone Content(April 1, 2008 through September 30, 2008)(April 1, 2008 through September 30, 2008)

56%60%

Operating Margin

50% 49%

41%38%

51%

40%

50%

26%

36%38%

38%39%

27%30%

40%

26%

14%

27%

10%

20%Games (Online)

Mobile Phone Content

0%

10%

2004 3 2005 3 2006 3 2007 3 2008 3 2009 3

9

2004.3 2005.3 2006.3 2007.3 2008.3 2009.3First-Half

PublicationPublication(April 1, 2008 through September 30, 2008)(April 1, 2008 through September 30, 2008)

Record sales driven by successful media mix strategy

6 180

7,000 Second-Half Operating IncomeFirst-Half Operating Income

Soul Eater(Millions of yen)

5,1575,426

5,210

6,180

5,000

6,000First-Half Operating Income

First-Half Net Sales

©Atsushi Ohkubo

3,569

4,471

3 000

4,000Nabari no Ou

2,000

3,000

Sekirei

© Yuhki Kamatani

1,0651,752

9911,767 1,676 1,735

0

1,000

10

2004.3 2005.3 2006.3 2007.3 2008.3 2009.3 © Sakurako Gokurakuin

Game Arcade OperationGame Arcade OperationYY C i f M thl R f E i ti O tl tC i f M thl R f E i ti O tl tYearYear--overover--year Comparison of Monthly Revenues from Existing Outletsyear Comparison of Monthly Revenues from Existing Outlets

While outperforming the industry, sales and profit declined in severe business climate

130%100% owned subsidiary

acquisition

sales and profit declined in severe business climate

110%

120%

100%

110%

80%

90%

TAITO Company A Company E

70%2004/4 2005/4 2006/4 2007/4 2008/4

11

TAITO p yCompany BCompany CCompany D

p yCompany FCompany G

Source: Square Enix

OthersOthers(April 1, 2008 through September 30, 2008)(April 1, 2008 through September 30, 2008)

7,2278,000 Second-Half Operating Income/Lossf O

DRAGON QUESTMonster Battleroad(Rental)

(Millions of yen)

4 8635 000

6,000

7,000 First-Half Operating IncomeFirst-Half Net Sales

4,863

3,6963,000

4,000

5,000

© 2008 ARMOR PROJECT/BIRD STUDIO/SQUARE ENIX All Rights Reserved.

1,330 1,511 1,3342,085

1,712

1,476

2,615

1,000

2,000LORD of VERMILION(Sales)

509 370, ,

-1,000

02004.3 2005.3 2006.3 2007.3 2008.3 2009.3

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©2008 SQUARE ENIX CO.,LTD. All Rights Reserved.

2.2. ProjectionsProjectionsFi l Y di M h 31 2009Fi l Y di M h 31 2009Fiscal Year ending March 31, 2009Fiscal Year ending March 31, 2009

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Consolidated Projections Consolidated Projections (Fi l Y di M h 31 2009)(Fi l Y di M h 31 2009)(Fiscal Year ending March 31, 2009)(Fiscal Year ending March 31, 2009)

14

*Assumed currency rates (average rates during the period) : USD1=JPY105, EUR1=JPY150*Average rates for the first-half period ended Sep. 30, 2008: USD1=JPY106.23, EUR1=JPY162.12

Consolidated Projections Consolidated Projections –– SegmentSegment(Fi l Y di M h 31 2009)(Fi l Y di M h 31 2009)(Fiscal Year ending March 31, 2009)(Fiscal Year ending March 31, 2009)

15

UnitUnit Sales of Game SoftwareSales of Game Software(Fi l Y di M h 31 2009)(Fi l Y di M h 31 2009)(Fiscal Year ending March 31, 2009)(Fiscal Year ending March 31, 2009)

16

Implementation of Holding Company SystemImplementation of Holding Company System

Current Structure

(from October 1, 2008)(from October 1, 2008)

SQUARE ENIX HOLDINGS CO., LTD.(The former SQURE ENIX CO., LTD. changed its name)

SQUARE Square Enix S E i Square Enix COMMUNITYSquare Enix

SQUAREENIX CO., LTD.

qof America Holdings, Inc.

Square EnixLtd.

TAITOCORPORATION

q(China) Co., Ltd

SG Lab Inc. COMMUNITYENGINE INC.

New company succeededbusinesses from SQUAREENIX HOLDINGS

Webstar NetworkTECHNOLOGY(BEIJING)CO.,LTD

SQUARE L.L.C.SQUARE ENIX,INC.

DIGITALENTERTAINMENTACADEMY CO., LTD

HUANG LONGCO., LTD.

SQUAREPICTURES, INC.

FF.FILM.PARTNERS(partnership)LTD.

BEIJING TAIXINCULTURALAMUSEMENT CO

TAITOKOREA

(partnership)

17

AMUSEMENT CO.,LTD. CORPORATION

Results Briefing SessionResults Briefing SessionFirstFirst--Half of the Fiscal YearHalf of the Fiscal Year

ending March 31, 2009ending March 31, 2009ending March 31, 2009ending March 31, 2009

November 7 2008November 7 2008November 7, 2008November 7, 2008

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