Key insights
7 takeaways · ~3 min read- 01GREE reported Q1 FY17 net sales of ¥14.91 billion and operating income of ¥2.54 billion. While net sales decreased by ¥0.73 billion QoQ and ¥4.40 billion YoY, operating income increased by ¥0.33 billion QoQ due to cost-cutting measures.See it on page 5
- 02Net income for Q1 FY17 was ¥10.82 billion, a significant increase of ¥8.79 billion QoQ and ¥8.43 billion YoY.See it on page 5
- 03GREE forecasts net sales of ¥30 billion and operating income of ¥4 billion for the first half of FY17. This includes conservative targets for domestic native games and expected contributions from the recently acquired title DragonSoul in overseas markets.See it on page 9
- 04GREE has six domestic native game titles in development, including original and IP-based titles, with two from Wright Flyer Studios and three from Pokelabo slated for release in Q2-Q4 FY17.See it on page 12
- 05The company acquired the overseas native game 'DragonSoul' on October 6th, an RPG targeting mid-core gamers which has seen its coin consumption increase 2.4 times since the beginning of 2016 and has over 9 million total downloads since its July 2015 release.See it on page 18
- 06Domestic native game coin consumption decreased temporarily in Q1 FY17 to 3.2 billion coins, down from 4.6 billion in Q4 FY16, attributed to the business transfer of some titles.See it on page 25
- 07GREE is making a full-scale entry into the native game operation business, with titles like 'Guruguru Shokan Magical Gear' beginning pre-registration on October 20th.See it on page 20
Summary
FY2017 First Quarter Financial Results Copyright © GREE, Inc. All Rights Reserved. Financial & Net Sales ¥14.9 billion, Operating Income ¥2.5 billion Results ⁃ QoQ profit growth on strong performance from new titles, successful cost & Native game new release blitz off to a good start ⁃ Domestic native game business: Two new titles driving growth ⁃ Overseas native game business: Targeting further growth through Business ⁃ acquisition of hit titles Overview Web game busines...
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