square enix co ltd 2004 annual report www jp printed in japan contents 01 financial highlights 02 to our shareholders 08 review of operations 10 directors auditors and executive officers 11 section networks will transform the entertainment industry disclaimer regarding forward looking statements this with respect current plans estimates strategy beliefs consolidated subsidiaries collectively include both historical facts concerning future performance such are based on management s assumptions light information currently available therefore involve risks uncertainties actual results may differ materially from those anticipated these due influence a number important factors but not limited 1 general economic conditions foreign countries particular levels consumer spend ing 2 fluctuations exchange rates rate japanese yen relation us dollar euro others which uses extensively its overseas business 3 continuous
