GREE achieved an operating income of ¥4.4 billion in Q1 FY2016, marking quarter-on-quarter growth despite a decline in net sales to ¥19.3 billion.
02
The company reduced total costs by ¥1.8 billion by cutting advertising spend, server leasing fees, and reducing headcount from 1,634 to 1,475 employees.
03
GREE revised its first-half earnings forecast upward to ¥37.0 billion in net sales and ¥7.0 billion in operating income.
04
Domestic native game performance reached a one-year high in coin consumption, driven by titles such as Naruto: Shinobi Collection Shippu Ranbu and Shometsu Toshi.
05
The web game segment maintained profitability despite declining coin consumption by shifting operations offshore to Vietnam and improving management efficiency.
06
The company has a pipeline of 14 titles in development, including projects like memories of the Blue and various IP-based games scheduled for release in winter 2015.
07
New business ventures in home-related services and health platforms, specifically Renoco and Lespas, showed steady expansion during the period ending September 30, 2015.
Insights
01
GREE achieved an operating income of ¥4.4 billion in Q1 FY2016, marking quarter-on-quarter growth despite a decline in net sales to ¥19.3 billion.
02
The company reduced total costs by ¥1.8 billion by cutting advertising spend, server leasing fees, and reducing headcount from 1,634 to 1,475 employees.
03
GREE revised its first-half earnings forecast upward to ¥37.0 billion in net sales and ¥7.0 billion in operating income.
04
Domestic native game performance reached a one-year high in coin consumption, driven by titles such as Naruto: Shinobi Collection Shippu Ranbu and Shometsu Toshi.
05
The web game segment maintained profitability despite declining coin consumption by shifting operations offshore to Vietnam and improving management efficiency.
06
The company has a pipeline of 14 titles in development, including projects like memories of the Blue and various IP-based games scheduled for release in winter 2015.
07
New business ventures in home-related services and health platforms, specifically Renoco and Lespas, showed steady expansion during the period ending September 30, 2015.