GREE reported Q1 FY2018 net sales of ¥21.6 billion and operating income of ¥2.7 billion, marking growth both quarter-on-quarter and year-on-year.

According to "FY2018 First Quarter Financial Results": GREE reported Q1 FY2018 net sales of ¥21.6 billion and operating income of ¥2.7 billion, marking growth both quarter-on-quarter and year-on-year.

Revenue growth was primarily driven by high coin consumption in hit titles 'Another Eden' and 'SINoALICE', alongside a 2.4x increase in page views within the advertising and media segment.

According to "FY2018 First Quarter Financial Results": Revenue growth was primarily driven by high coin consumption in hit titles 'Another Eden' and 'SINoALICE', alongside a 2.4x increase in page views within the advertising and media segment.

The company is shifting its cost structure by increasing variable spending on advertising and platform commissions by ¥2.73 billion while reducing fixed costs by ¥0.64 billion.

According to "FY2018 First Quarter Financial Results": The company is shifting its cost structure by increasing variable spending on advertising and platform commissions by ¥2.73 billion while reducing fixed costs by ¥0.64 billion.

GREE is pivoting its global strategy by closing select overseas bases to cut fixed labor costs while partnering with Sumitomo Corporation to export Japanese anime-based IP.

According to "FY2018 First Quarter Financial Results": GREE is pivoting its global strategy by closing select overseas bases to cut fixed labor costs while partnering with Sumitomo Corporation to export Japanese anime-based IP.

The development pipeline currently includes five titles, with a strategic focus on leveraging third-party intellectual property.

According to "FY2018 First Quarter Financial Results": The development pipeline currently includes five titles, with a strategic focus on leveraging third-party intellectual property.

Management maintains a conservative net sales forecast of ¥40.5 billion for the first half of FY2018, citing expected performance declines in existing titles.

According to "FY2018 First Quarter Financial Results": Management maintains a conservative net sales forecast of ¥40.5 billion for the first half of FY2018, citing expected performance declines in existing titles.

Back to report

Key Insights

FY2018 First Quarter Financial Results

GREE~11 min full read

01
GREE reported Q1 FY2018 net sales of ¥21.6 billion and operating income of ¥2.7 billion, marking growth both quarter-on-quarter and year-on-year.
02
Revenue growth was primarily driven by high coin consumption in hit titles 'Another Eden' and 'SINoALICE', alongside a 2.4x increase in page views within the advertising and media segment.
03
The company is shifting its cost structure by increasing variable spending on advertising and platform commissions by ¥2.73 billion while reducing fixed costs by ¥0.64 billion.
04
GREE is pivoting its global strategy by closing select overseas bases to cut fixed labor costs while partnering with Sumitomo Corporation to export Japanese anime-based IP.
05
The development pipeline currently includes five titles, with a strategic focus on leveraging third-party intellectual property.
06
Management maintains a conservative net sales forecast of ¥40.5 billion for the first half of FY2018, citing expected performance declines in existing titles.

That's the gist.

Dive into the full report for the data, charts, and sources behind these takeaways.

Read the full report