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Square Enix posted their Q&A for their third quarter of the fiscal year ending March 2021.
Question regarding increase in content production assets:
About their pipeline for the fiscal year ending March 2022:
Regarding the outlook on Marvel's Avengers:
No change in dividend payouts:
Square Enix posted their Q&A for their third quarter of the fiscal year ending March 2021.
Question regarding increase in content production assets:
Q: Why did your content production account grow between end-FY2020/3 and end-3Q FY2021/3 despite having released two major titles during FY2021/3?
A: It goes without saying that the primary reason is the wealth of new titles slated for launch in our pipeline. However, the rise in per-title development costs is also a reason. Our Group will focus on improving development efficiency by adopting procedural content generation techniques, utility game engines, and AI so that we can share technologies and assets globally.
About their pipeline for the fiscal year ending March 2022:
Q: Could you share your thinking on your pipeline for FY2022/3?
A: We are planning to release multiple titles for which we have high expectations in FY2022/3, including some that we have yet to announce.
Regarding the outlook on Marvel's Avengers:
Q: What is your outlook for earnings from "Marvel's Avengers" going forward?
A: We believe it hinges on how well the full game sells going forward and how the GAAS elements perform.
No change in dividend payouts:
Q: Could you share your thinking on shareholder return given that you achieved your current mid-term earnings targets in 3Q and your cash & deposits have grown?
A: In general, there is no change in the policy that we have included in our guidance to date, namely that we intend to maintain a consolidated dividend payout ratio of 30%. However, in the case of FY2021/3, we intend to take a flexible approach based on our performance in 4Q, given individual factors stemming from corporate tax rates, etc.