SQUARE ENIX CO., LTD. (the "Company") has announced today a revision to the projected year-end dividend for the fiscal year ending March 31, 2005 as shown below, following a meeting of the Board of Directors held today. Final approval for this increase will take place at a meeting of the Board of Directors to be held in May 2005 following completion of the statutory audit of the financial statements of the fiscal year.
1. Reasons for the Increase
Since the merger on April 1, 2003, the Company's basic policy of distribution of profit has been to provide continuous and stable returns to our shareholders. The Board of Directors, however, has decided to pay a commemorative dividend for our 25th fiscal year (JPY 30) in addition to the ordinary dividend, in view of our recent financial condition, and in appreciation of our shareholders' ongoing support. Dividend per share for the fiscal year ending March 31, 2005 will be doubled from that of the previous fiscal year, and of the previously projected dividend (interim dividend: JPY 10, year-end dividend: JPY 20, respectively) to JPY 60 (interim dividend: JPY 10, year-end dividend: JPY 50 including the commemorative dividend of JPY 30).
2. Revision of Projected Dividend Per Share
Previous projection (as of November 18, 2004)
| Interim | Year-end | Annual | |
| Ordinary dividend | JPY 10 | JPY 20 | JPY 30 |
Raised projection
| Interim | Year-end | Annual | |
| Ordinary dividend | JPY 10 | JPY 20 | JPY 30 |
| Commemorative dividend | - | JPY 30 | JPY 30 |
| Total | JPY 10 | JPY 50 | JPY 60 |
Increase in dividend per share
| Interim | Year-end | Annual |
| - | JPY 30 | JPY 30 |
Dividend for the fiscal year ended March 31, 2004
| Interim | Year-end | Annual |
| JPY 10 | JPY 20 | JPY 30 |
