GREE Inc. reported FY2022 Q2 net sales of ¥19.5 billion and operating income of ¥2.5 billion, driven primarily by the successful launch of 'That Time I Got Reincarnated as Slime: ISEKAI Memories'.
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The 'ISEKAI Memories' title reached over two million downloads in two months and achieved a top-four global sales ranking, significantly boosting quarterly performance.
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Total operating costs rose to ¥17 billion, an increase of ¥4.9 billion quarter-on-quarter, due to higher advertising spend, increased commission fees, and bonus provisions.
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GREE’s investment portfolio continues to outperform domestic benchmarks, with its growth phase funds achieving a 17% IRR and exit phase funds reaching a 22% IRR.
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The company reduced its outstanding equity by cancelling 35 million shares during the quarter.
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Strategic expansion efforts include adding multilingual support and multi-avatar interactivity to the Metaverse platform REALITY, alongside the launch of the 'aumo My Business' SaaS tool for physical retailers.
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Q3 operating income is forecasted to be between ¥1.5 billion and just under ¥2 billion, supported by the pipeline of upcoming game releases.
Insights
01
GREE Inc. reported FY2022 Q2 net sales of ¥19.5 billion and operating income of ¥2.5 billion, driven primarily by the successful launch of 'That Time I Got Reincarnated as Slime: ISEKAI Memories'.
02
The 'ISEKAI Memories' title reached over two million downloads in two months and achieved a top-four global sales ranking, significantly boosting quarterly performance.
03
Total operating costs rose to ¥17 billion, an increase of ¥4.9 billion quarter-on-quarter, due to higher advertising spend, increased commission fees, and bonus provisions.
04
GREE’s investment portfolio continues to outperform domestic benchmarks, with its growth phase funds achieving a 17% IRR and exit phase funds reaching a 22% IRR.
05
The company reduced its outstanding equity by cancelling 35 million shares during the quarter.
06
Strategic expansion efforts include adding multilingual support and multi-avatar interactivity to the Metaverse platform REALITY, alongside the launch of the 'aumo My Business' SaaS tool for physical retailers.
07
Q3 operating income is forecasted to be between ¥1.5 billion and just under ¥2 billion, supported by the pipeline of upcoming game releases.