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Square Enix shares drop to five-year low

Publisher hit by consequences of delaying third quarter financial report

News by James Lee Contributor
Published on

Square Enix saw its share price fall to the lowest in more than five years in Tokyo trading, after declaring it will postpone announcing its earnings results.

The publisher's stock fell 11 per cent to JPY 1,936 (USD 21) on the Tokyo Stock Exchange, the biggest drop since June 2003, reports Bloomberg.

This potentially comes as a direct result of the company delaying its third-quarter earnings report by nearly a week to February 12, over a delay in "accounting work".