FinancialGREE
FY2020 Fourth Quarter Financial Results
20 Aug 202037 pages~13 min full read
GREE concluded FY2020 with ¥62.7 billion in net sales and ¥3.2 billion in operating income, maintaining a strong financial position with ¥87 billion in cash and equivalents.
The company achieved a 25% year-over-year increase in overseas coin consumption, supported by the expansion of titles like Another Eden and SINoALICE into 139 regions.
GREE is pursuing global growth through strategic distribution partnerships with Chinese firms bilibili and X.D. Network.
The fourth quarter saw a minor operating loss of ¥0.1 billion, driven by one-time costs associated with office streamlining and the transition to remote work.
Operational strategy for FY2021 includes a consistent release cycle of two to three new titles annually, specifically targeting high-profile projects such as Assault Lily: Last Bullet and Heaven Burns Red.
The company is diversifying revenue beyond traditional mobile gaming by investing in XR technologies and expanding the reach of its REALITY virtual distribution app.
GREE concluded fiscal year 2020 with net sales of ¥62.7 billion and operating income of ¥3.2 billion, demonstrating resilience despite a minor fourth-quarter operating loss of ¥0.1 billion attributed to office streamlining and remote work transitions. The company’s financial position remains highly liquid, ending the period with ¥87 billion in cash and equivalents and total assets of ¥126.5 billion. This stability was supported by a disciplined cost structure that saw significant year-over-year reductions in advertising and commission fees, even as the global workforce remained steady at over 1,700 employees.
The strategic focus centered on the pillars of gaming, advertising and media, and live entertainment. The game business achieved notable international growth, highlighted by a 25% year-over-year increase in overseas coin consumption and the successful expansion of titles like Another Eden and SINoALICE into 139 regions. Strategic partnerships with major Chinese distributors such as bilibili and X.D. Network further solidified the company's global footprint. Simultaneously, the development of the REALITY virtual distribution app and investments in vertical media portfolios provided a foundation for diversified revenue streams beyond traditional mobile gaming.
Moving into fiscal year 2021, the operational thesis emphasizes aggressive investment in intellectual property, game engines, and global scaling. Plans include a consistent release cycle of two to three new titles annually, including high-profile projects such as Assault Lily: Last Bullet and Heaven Burns Red. By prioritizing XR technologies and expanding the reach of the REALITY platform, the company aims to leverage its strong balance sheet to capture emerging opportunities in the virtual entertainment and global mobile markets.
