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Square Enix Holdings to dissolve units and expects extraordinary loss for FY 2016

Tuesday, 5 Jan 2016 08:00pm EST

Square Enix Holdings Co Ltd:To dissolve its New York-based wholly owned subsidiary Shinra Technologies, Inc. and Shinra Technologies's Tokyo-based wholly owned subsidiary.Liquidation of Shinra Technologies is expected to be completed on March 31, 2019 and liquidation of Shinra Technologies's subsidiary is expected to be completed on June 30.Says it expects an extraordinary loss of about 2 billion yen for the fiscal year ending March 2016.

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