- 01
GREE reported Q2 FY2023 net sales of ¥16.6 billion and an operating income of ¥1.7 billion, though the company recorded a net loss of ¥0.9 billion due to foreign exchange and investment security valuation losses.
- 02
The hit title 'Heaven Burns Red' remains the primary revenue driver for the Internet and Entertainment segment, with the company currently executing a global rollout in Korean and traditional Chinese markets.
- 03
The Metaverse business, anchored by the REALITY platform, is a core strategic priority, with current efforts focused on expanding communication and world-building features like the Tokyo Dome World collaboration.
- 04
The Investment and Incubation segment manages ¥77.3 billion in total assets, maintaining a focus on long-term returns from venture capital funds and startup investments despite a slight quarter-on-quarter valuation decrease.
- 05
Total costs for the quarter were reduced to ¥14.8 billion, primarily driven by a decrease in variable expenses.
- 06
Management anticipates a year-on-year decline in total profit as the company continues to prioritize aggressive medium-to-long-term investments in the Metaverse and new intellectual property development.