Square Enix 2009 Annual Report Download - page 54

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(4) Outline of the business divisions to be split
1. Business activities of the divisions to be split
Games (Offline), Games (Online), Mobile Phone Content, Publication, Others
2. Operating results of the divisions to be split
Millions of yen
Business divisions to be split (a) Actual results in the fiscal year ended March 31, 2008 (b) (a) as a percentage of (b) (%)
Sales ¥65,719 ¥65,719 100.0
3. Assets and liabilities to be split
Millions of yen
Item Book value Item Book value
Current assets ¥35,498 Current liabilities ¥6,177
Non-current assets 10,642 Non-current liabilities 2,575
Total ¥46,140 Total ¥8,752
Note: Since the figures shown in the table above are calculated based on the balance sheet as of March 31, 2008, the actual amounts of assets and liabilities to be split
will differ from those shown above.
(5) Post-split status of the Company as a listed company
1. Company name SQUARE ENIX HOLDINGS CO., LTD. (scheduled)
2. Principle business Management of corporate group as a pure holding company
3. Address of head office 3-22-7, Yoyogi, Shibuya-ku, Tokyo
4. Name and title of representative Yoichi Wada, President and Representative Director
5. Common stock ¥14,928 million
6. Fiscal year end March 31
7. Forecast The Company plans to remain as a listed company subsequent to the move to a pure holding
company structure. In addition, the Company plans to undertake a range of functions, including
unified and flexible Group strategic planning, optimal allocation of business resources among
Group companies, and monitoring of the execution of business operations by subsidiaries. The
Company plans to develop a strategically sound and transparent management structure to
maximize the Group’s corporate value.
Notes to Consolidated Financial Statements (JPNGAAP)
• Year ended March 31, 2009
Acquisition of a company through stock purchase
(1) Outline of acquisition of a company through stock purchase
The Company’s wholly owned subsidiary, SQEX LTD. (SQEX),
received sanction from the English High Court for its scheme
of arrangement under United Kingdom (UK) law to acquire all
outstanding shares in Eidos plc (currently Eidos Interactive Ltd.,
hereinafter “Eidos”) effective on April 22, 2009. Accordingly,
Eidos became a wholly owned subsidiary of the Company on
the same day.
(2) Reason for the acquisition
This acquisition was carried out based on the judgment that, by
combining the hit products of Eidos with the products of
SQUARE ENIX Group, it would further strengthen the position of
the SQUARE ENIX Group as one of the global leaders in the
interactive entertainment industry.
(3) Name of acquisition target, type and size of business acquired
Name of company: Eidos Interactive Ltd.
Type of business: Development, production and sale of
interactive entertainment products
Capital: £13,179,336.50 (GBP)
(4) Number of shares acquired, acquisition price and percentage of
voting rights held after acquisition
Number of shares: 263,586,730
Acquisition price: £84.3 million (GBP)
(approximately ¥12,207 million)
The yen amount is based on the exchange rate on April 22,
2009.
Percentage of voting rights held after acquisition: 100%
(5) Source of funds use for the acquisition
SQUARE ENIX Group’s internal funding sources
52