Engine

Square Enix Holdings 3Q FY2017/3 Financial Results Briefing

Square Enix Holdings reported financial results for the nine-month period ending December 31, 2016, reflecting a period of high-profile releases balanced by significant development cost amortization.

• Square Enix reported 1-3Q FY2017/3 net sales of ¥190.1 billion and operating income of ¥21.5 billion, with operating income declining year-over-year despite a sharp rise in Digital Entertainment sales.
• Final Fantasy XV reached 6 million units in shipments by early 4Q, with development costs fully amortized in 3Q, allowing future downloads and repeat sales to contribute directly to earnings.
• The Digital Entertainment segment experienced a ¥1.4 billion decline in operating income due to lower MMO expansion disk sales compared to the previous year and the heavy amortization of FFXV development costs.

GREE FY2018 Annual Securities Report

GREE, Inc.’s fiscal year 2018 annual report outlines a period of financial stabilization and strategic transition for the Japan-based mobile gaming and digital media company.

• GREE’s net sales grew 19.2% to 77,925 million yen in FY2018, driven primarily by increased mobile game coin consumption.
• Profit attributable to owners of the parent fell to 4,708 million yen from 12,116 million yen in the previous year, impacted by a 3,150 million yen impairment loss on goodwill and the absence of prior-year extraordinary income.
• The company maintains a strong financial position with an 89.9% equity ratio, 87,196 million yen in cash, and zero long-term interest-bearing debt.

GREE Annual Securities Report 2019

The 2019 Annual Securities Report for GREE, Inc. provides a comprehensive overview of the company’s financial performance, governance structure, and operational strategy for the fiscal year ending June 30, 2019.

• GREE experienced a significant financial downturn in fiscal year 2019, with consolidated net sales falling 9.0% to 70,936 million yen and operating profit declining 41.9% year-on-year.
• The company maintains a strong balance sheet with 84,472 million yen in cash and equivalents, an 89.9% equity ratio, and zero long-term interest-bearing debt.
• Financial performance was negatively impacted by increased investment activities, impairment losses related to the acquisition of ORATTA, Inc., and a broader decline in the mobile gaming sector.

GREE, Inc. Annual Securities Report: The 16th Fiscal Term

GREE, Inc.’s 16th fiscal term report, covering the period ending June 30, 2020, details a challenging financial year characterized by declining revenues and profits.

• GREE, Inc. experienced a decline in the fiscal year ending June 30, 2020, with consolidated net sales falling 11.7% to 62,665 million yen and profit attributable to owners of the parent dropping 22.3% to 2,709 million yen.
• The company maintains a strong financial position with an 89.3% equity ratio and 87,018 million yen in cash and cash equivalents, supporting ongoing share buybacks and dividend payments.
• Management is executing an 'Engine × IP × Global' strategy to counter intense competition and regulatory pressure on game monetization, while diversifying into advertising, media, and the VTuber sector.

GREE Annual Securities Report: 18th Fiscal Term

The GREE, Inc. Annual Securities Report for the 18th fiscal term, covering July 2021 through June 2022, details a period of strategic reorganization and financial growth.