Square Enix Announces New US Organization

July 1, 2004 - Los Angeles, CA — Square Enix Co., Ltd., a leading developer and publisher of interactive entertainment software including the world’s popular franchises FINAL FANTASY®, and DRAGON QUEST®, today announced several changes to their US organization. Square Enix U.S.A., Inc., which has offices located in Los Angeles, CA and Seattle, WA, will now be called Square Enix, Inc. This change is a part of its efforts to establish a globally consistent corporate brand image.

In order to excel in the transforming interactive entertainment industry, several executive changes were also announced. Yoichi Wada, President of Square Enix Co., Ltd., will also be CEO of Square Enix, Inc. Jun Iwasaki, Co-COO, will lead the video game business and Ichiro Otobe, Co-COO, will lead the mobile and new network entertainment business.

Keiji Honda, former President of Enix Corporation and Executive Vice President of Square Enix Co., Ltd., has recently moved to Shanghai, China to lead the business in China. Jun Yamamoto, former President and CEO of Atlus U.S.A., Inc. and Executive Vice President and on the Board of Directors of Atlus Co., Ltd., was appointed President and CEO of Square Enix Ltd., the European arm of Square Enix.

Combined with the new top management for the offices in China and Europe, this reorganization in the US creates the foundation for future global expansion that will be strategic to extending Square Enix’s overall business. There is an enormous opportunity for world-wide growth and these combined changes reinforce Square Enix’s ability to distribute rich interactive content to its ever growing global fan base.

“With this reorganization, Square Enix is now even more prepared to realize its vision of “Polymorphic” content by expanding into new network based entertainment,” said Yoichi Wada, CEO of Square Enix, Inc. “Right now it is all about connecting end users through the delivery of compelling content, powered by innovative technology. Square Enix, Inc. looks forward to taking content in North America to a whole new level.”

About Square Enix Co., Ltd.

Headquartered in Tokyo, Japan, Square Enix Co., Ltd. (Square Enix) develops, publishes and distributes entertainment contents including interactive entertainment software and publications in Japan, North America, Europe and Asia. Square Enix brings two of Japan’s best-selling franchises - FINAL FANTASY®, which has sold over 60 million units worldwide and DRAGON QUEST (DRAGON WARRIOR™ in Europe) which has sold over 35 million units worldwide - under one roof. Square Enix is one of the most influential providers of digital entertainment content in the world and continues to push the boundaries of creativity and innovation. More information on Square Enix Co., Ltd. can be found on the Internet at http://www.square-enix.com.

About Square Enix, Inc.

Square Enix, Inc is a 100% subsidiary of Square Enix Co., Ltd. with offices in Los Angeles, CA and Seattle, WA,. It handles operations in North America, including development, localization, marketing and publishing of Square Enix titles. UIEvolution, based out of Seattle, WA, is a wholly owned subsidiary of Square Enix, Inc., delivering software technology that simplifies wireless applications development and deployment. More information on Square Enix, Inc. can be found on the Internet at http://www.square-enix.com.