SQUARE ENIX HOLDINGS CO., LTD. Reports Revisions to Consolidated Results Forecasts

TOKYO, November 1, 2010 - SQUARE ENIX HOLDINGS CO., LTD. (the "Company") (Code: 9684, Tokyo Stock
Exchange) announced today revisions to the Company's consolidated results
forecasts for the six-month period ended September 30, 2010 announced on
August 6, 2010.

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1. Revision to Consolidated Results Forecasts for the Six-Month Period
Ended September 30, 2010 (April 1, 2010 through September 30, 2010)

                                 (Millions of yen, rate of change in
                                      percents and per share data)
                                                                 Earnings
                               Net   Operating Recurring Net     per
                              sales   Income   income    income  share
    Previous
     forecasts       (A)    76,000    4,000   4,000    2,400     20.86
    Revised
     forecasts       (B)    68,000    5,700   3,500    1,700     14.77
    Change          (B-A)   (8,000)   1,700    (500)    (700)       -
    Rate of change   (%)     (10.5)    42.5   (12.5)   (29.2)       -
    [Reference] Results
     for the six-month
     period ended
     September 30, 2009     90,561   13,091  12,181    2,683     23.32

2. Factors Causing the Revision

Under a challenging operating environment, net sales for the six-month
period ended September 30, 2010 were impacted by sales of new game software
releases which experienced relatively slower growth.

Operating income outperformed the Company's forecasts due to contribution
from highly profitable carryover sales of major titles released in March of
the previous fiscal year and strong performance from the Publication segment.

Further, revised forecasts include a non-operating foreign exchange loss
and extraordinary losses including a loss on sale of property and equipment
and the impact of a change in accounting standard for asset retirement
obligations.

There are no changes to the consolidated results forecasts for the fiscal
year ending March 31, 2011.

Disclaimer:

The forward-looking statements in this document are based upon the
information currently available, and necessarily include elements that are
not entirely predictable. Actual results may differ from the forward-looking
statements in this document.

SQUARE ENIX HOLDINGS CO., LTD., +81 3 5333 0926, ccir at square-enix.com