Net sales for Q1 FY2019 declined to ¥18.2 billion from ¥21.6 billion year-over-year, though operating income remained stable at ¥1.6 billion due to reduced advertising and commission costs.

According to "FY2019 First Quarter Financial Results": Net sales for Q1 FY2019 declined to ¥18.2 billion from ¥21.6 billion year-over-year, though operating income remained stable at ¥1.6 billion due to reduced advertising and commission costs.

The operating income margin improved to 8.9% on a quarter-over-quarter basis through strategic cost efficiencies.

According to "FY2019 First Quarter Financial Results": The operating income margin improved to 8.9% on a quarter-over-quarter basis through strategic cost efficiencies.

The company is diversifying its platform strategy by developing titles for the Nintendo Switch and LINE QUICK GAME, alongside the release of 'Wild Arms: Million Memories' and the regional expansion of 'Danmachi: Memoria Freese'.

According to "FY2019 First Quarter Financial Results": The company is diversifying its platform strategy by developing titles for the Nintendo Switch and LINE QUICK GAME, alongside the release of 'Wild Arms: Million Memories' and the regional expansion of 'Danmachi: Memoria Freese'.

A new growth pillar is the live entertainment sector, marked by the launch of the VTuber livestreaming platform 'REALITY' in partnership with King Records and Idea Factory.

According to "FY2019 First Quarter Financial Results": A new growth pillar is the live entertainment sector, marked by the launch of the VTuber livestreaming platform 'REALITY' in partnership with King Records and Idea Factory.

Q2 FY2019 earnings forecasts project net sales between ¥17 billion and ¥18 billion, with operating income expected to range from ¥1 billion to ¥1.5 billion.

According to "FY2019 First Quarter Financial Results": Q2 FY2019 earnings forecasts project net sales between ¥17 billion and ¥18 billion, with operating income expected to range from ¥1 billion to ¥1.5 billion.

Total headcount reached 1,604 employees by the end of Q1, reflecting continued investment in development and new business segments.

According to "FY2019 First Quarter Financial Results": Total headcount reached 1,604 employees by the end of Q1, reflecting continued investment in development and new business segments.

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Key Insights

FY2019 First Quarter Financial Results

GREE Inc.~11 min full read

01
Net sales for Q1 FY2019 declined to ¥18.2 billion from ¥21.6 billion year-over-year, though operating income remained stable at ¥1.6 billion due to reduced advertising and commission costs.
02
The operating income margin improved to 8.9% on a quarter-over-quarter basis through strategic cost efficiencies.
03
The company is diversifying its platform strategy by developing titles for the Nintendo Switch and LINE QUICK GAME, alongside the release of 'Wild Arms: Million Memories' and the regional expansion of 'Danmachi: Memoria Freese'.
04
A new growth pillar is the live entertainment sector, marked by the launch of the VTuber livestreaming platform 'REALITY' in partnership with King Records and Idea Factory.
05
Q2 FY2019 earnings forecasts project net sales between ¥17 billion and ¥18 billion, with operating income expected to range from ¥1 billion to ¥1.5 billion.
06
Total headcount reached 1,604 employees by the end of Q1, reflecting continued investment in development and new business segments.

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