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Summary
The FY2022 second‑quarter results show a net sales increase to ¥19.5 billion, up 12.4 % from the prior year and 5.8 % QoQ, driven by a strong launch of “That Time I Got Reincarnated as a Slime: ISEKAI Memories.” Operating income rose to ¥2.5 billion, a 1.6‑fold jump from the previous year’s loss of ¥0.83 billion, largely due to higher game sales offsetting increased variable costs such as commission fees. EBITDA reached ¥2.7 billion, up 1.05 billion QoQ and 0.86 billion YoY, reflecting improved margin management. Key operational highlights include the expansion of the Metaverse platform REALITY with new video‑chat features and 12‑language support, and the launch of a marketing SaaS, “aumo My Business,” which attracted 10,000 physical‑store clients. The Advertising and Media segment saw higher ad spend (¥0.99 billion) but also introduced tourism‑association collaborations to boost regional revitalization. Investment activities remained robust, with total assets under management at ¥66.9 billion and direct investment valuations rising to ¥45.6 billion, driven by new VC fund placements in Japan and the United States. The GREE LP Fund and CVC units achieved IRRs above 20 % in the growth phase, outperforming domestic VC benchmarks. Financially, total costs climbed to ¥16.99 billion, mainly due to higher commission and labor expenses, yet operating income growth outpaced cost increases. Shareholder returns were reinforced through a ¥32.7 billion stock‑repurchase program and a 62.5 million‑share cancellation, reducing the share base to 179.75 million. Overall, the quarter demonstrates successful new‑title performance, diversified revenue streams across entertainment, metaverse, and SaaS, and a solid investment portfolio, positioning the company for continued FY22 growth.
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