GREE, Inc. reported strong Q1 FY2012 growth with net sales reaching ¥30,432 million, a 44% increase quarter-over-quarter and 145% year-over-year.

According to "Financial Results for the First Quarter: Fiscal Year Ending June 30, 2012": GREE, Inc. reported strong Q1 FY2012 growth with net sales reaching ¥30,432 million, a 44% increase quarter-over-quarter and 145% year-over-year.

Operating profit surged to ¥16,646 million, representing a 70% increase quarter-over-quarter and 168% year-over-year, driven by record sales performance.

According to "Financial Results for the First Quarter: Fiscal Year Ending June 30, 2012": Operating profit surged to ¥16,646 million, representing a 70% increase quarter-over-quarter and 168% year-over-year, driven by record sales performance.

The company revised its full-year FY2012 net sales forecast upward to ¥130–140 billion, marking a 40% increase from previous estimates.

According to "Financial Results for the First Quarter: Fiscal Year Ending June 30, 2012": The company revised its full-year FY2012 net sales forecast upward to ¥130–140 billion, marking a 40% increase from previous estimates.

GREE’s global user base reached 155 million, supported by a portfolio of 7,500 smartphone applications and international offices across North America, China, Europe, and South America.

According to "Financial Results for the First Quarter: Fiscal Year Ending June 30, 2012": GREE’s global user base reached 155 million, supported by a portfolio of 7,500 smartphone applications and international offices across North America, China, Europe, and South America.

Operational expansion includes the integration of OpenFeint into a new unified global platform, the launch of GREE Ventures, and the acquisition of the developer behind Kawaii Pet MEGU.

According to "Financial Results for the First Quarter: Fiscal Year Ending June 30, 2012": Operational expansion includes the integration of OpenFeint into a new unified global platform, the launch of GREE Ventures, and the acquisition of the developer behind Kawaii Pet MEGU.

Revenue growth was primarily fueled by a 49.5% increase in paid-services sales and an 8.2% rise in advertising media sales.

According to "Financial Results for the First Quarter: Fiscal Year Ending June 30, 2012": Revenue growth was primarily fueled by a 49.5% increase in paid-services sales and an 8.2% rise in advertising media sales.

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Key Insights

Financial Results for the First Quarter: Fiscal Year Ending June 30, 2012

GREE~17 min full read

01
GREE, Inc. reported strong Q1 FY2012 growth with net sales reaching ¥30,432 million, a 44% increase quarter-over-quarter and 145% year-over-year.
See it on page 1
02
Operating profit surged to ¥16,646 million, representing a 70% increase quarter-over-quarter and 168% year-over-year, driven by record sales performance.
See it on page 3
03
The company revised its full-year FY2012 net sales forecast upward to ¥130–140 billion, marking a 40% increase from previous estimates.
See it on page 14
04
GREE’s global user base reached 155 million, supported by a portfolio of 7,500 smartphone applications and international offices across North America, China, Europe, and South America.
See it on page 8
05
Operational expansion includes the integration of OpenFeint into a new unified global platform, the launch of GREE Ventures, and the acquisition of the developer behind Kawaii Pet MEGU.
See it on page 18
06
Revenue growth was primarily fueled by a 49.5% increase in paid-services sales and an 8.2% rise in advertising media sales.
See it on page 5

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