Square Enix 2004 Annual Report Download - page 2

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Contents
01 Financial Highlights
02 To Our Shareholders
08 Review of Operations
10 Directors, Auditors and Executive Officers
11 Financial Section
> Networks Will Transform
the Entertainment Industry.
Disclaimer Regarding Forward-Looking Statements
Statements in this annual report with respect to the
current plans, estimates, strategy, and beliefs of
SQUARE ENIX CO., LTD. and consolidated
subsidiaries (collectively “SQUARE ENIX”)
include both historical facts and forward-looking
statements concerning the future performance of
SQUARE ENIX. Such forward-looking statements
are based on management’s assumptions and beliefs
in light of the information currently available and,
therefore, involve risks and uncertainties. Actual
results may differ materially from those anticipated
in these statements due to the influence of a
number of important factors.
Such factors include but are not limited to: (1)
general economic conditions in Japan and foreign
countries, in particular levels of consumer spend-
ing; (2) fluctuations in exchange rates, in particular
the exchange rate of the Japanese yen in relation to
the U.S. dollar, the euro and others, which
SQUARE ENIX uses extensively in its overseas
business; (3) the continuous introduction of new
products, and rapid technical innovation in the
digital entertainment industry; and (4) SQUARE
ENIX’s ability to continue developing products
and services accepted by consumers in the intensely
competitive market, which is heavily influenced by
subjective and quickly changing consumer prefer-
ences.