GREE achieved an operating income of ¥2.5 billion in Q1 FY2017, driven by a ¥1.1 billion quarter-over-quarter reduction in expenditures despite a slight decline in net sales to ¥14.9 billion.

According to "FY2017 First Quarter Financial Results": GREE achieved an operating income of ¥2.5 billion in Q1 FY2017, driven by a ¥1.1 billion quarter-over-quarter reduction in expenditures despite a slight decline in net sales to ¥14.9 billion.

The company projects a first-half fiscal performance of ¥30 billion in net sales and ¥4 billion in operating income, supported by six new domestic titles and the acquisition of the mobile game DragonSoul.

According to "FY2017 First Quarter Financial Results": The company projects a first-half fiscal performance of ¥30 billion in net sales and ¥4 billion in operating income, supported by six new domestic titles and the acquisition of the mobile game DragonSoul.

Strategic focus has shifted toward native game development and global expansion to mitigate the decline of legacy web-based titles, evidenced by a 2.4-fold increase in coin consumption for DragonSoul.

According to "FY2017 First Quarter Financial Results": Strategic focus has shifted toward native game development and global expansion to mitigate the decline of legacy web-based titles, evidenced by a 2.4-fold increase in coin consumption for DragonSoul.

Diversification efforts are yielding results, with net sales for home-related and advertising media platforms growing 1.5 times year-over-year.

According to "FY2017 First Quarter Financial Results": Diversification efforts are yielding results, with net sales for home-related and advertising media platforms growing 1.5 times year-over-year.

GREE is expanding its footprint in the virtual reality sector through strategic partnerships with Square Enix and Adores.

According to "FY2017 First Quarter Financial Results": GREE is expanding its footprint in the virtual reality sector through strategic partnerships with Square Enix and Adores.

Upcoming high-quality original content, including titles such as Another Eden and A Farewell to Arms, remains central to the company's long-term development strategy.

According to "FY2017 First Quarter Financial Results": Upcoming high-quality original content, including titles such as Another Eden and A Farewell to Arms, remains central to the company's long-term development strategy.

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Key Insights

FY2017 First Quarter Financial Results

GREE Inc.~13 min full read

01
GREE achieved an operating income of ¥2.5 billion in Q1 FY2017, driven by a ¥1.1 billion quarter-over-quarter reduction in expenditures despite a slight decline in net sales to ¥14.9 billion.
See it on page 7
02
The company projects a first-half fiscal performance of ¥30 billion in net sales and ¥4 billion in operating income, supported by six new domestic titles and the acquisition of the mobile game DragonSoul.
See it on page 9
03
Strategic focus has shifted toward native game development and global expansion to mitigate the decline of legacy web-based titles, evidenced by a 2.4-fold increase in coin consumption for DragonSoul.
See it on page 18
04
Diversification efforts are yielding results, with net sales for home-related and advertising media platforms growing 1.5 times year-over-year.
See it on page 29
05
GREE is expanding its footprint in the virtual reality sector through strategic partnerships with Square Enix and Adores.
See it on page 22
06
Upcoming high-quality original content, including titles such as Another Eden and A Farewell to Arms, remains central to the company's long-term development strategy.
See it on page 16

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