Square Enix 2012 Annual Report Download - page 4

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To Our Shareholders
In our dividend policy, we are mindful of the balance between
being performance-based and providing stable returns. In being
performance-based, we aim for a payout ratio of 30%. At the
same time, we advocate stable returns. Hence, we paid out
dividends of ¥30 per share in the fiscal year ended March 31,
2011, despite a net loss. We will pay dividends this fiscal year as
in previous years, and if we back calculate from the actual
payout ratio, earnings per share should be higher than ¥100.
We achieved a genuine recovery from the last fiscal year to
this fiscal year, but I realize that we have only completed half of
our objective.
Summary of Individual Business Segments
I’ll now review results by individual business segments.
Please take a look at the change in our operating income by
segments (Figure 1).
Compared to the prior fiscal year, the following segments
I am grateful to our shareholders for the opportunity to present
the Company’s annual report for the fiscal year ended March 31,
2012.
On a consolidated basis, net sales for the fiscal year ended
March 31, 2012 totaled ¥127,896 million (an increase of 2.1%
from the prior fiscal year), operating income totaled ¥10,713
million (an increase of 46.2%), recurring income totaled ¥10,297
million (an increase of 91.0%) and net income totaled ¥6,060
million (compared to a net loss of ¥12,043 million in the prior
fiscal year).
The Company’s operating income ratio was 8.4% and return
on equity (ROE) stood at 4.5%.
We set dividends applicable to the fiscal year ended March 31,
2012 at ¥30 per share (a consolidated payout ratio of 57.0%).
Yoichi Wada
President and Representative Director
02