Updated Mar 17, 2026 by GREE
Consolidated net sales for Q2 FY2024 reached ¥14.2 billion with an operating income of ¥0.8 billion, meeting internal projections despite a 10% sequential decline in sales.
The Game and Anime segment revenue fell 11% to ¥10.4 billion due to the conclusion of anniversary events and title closures, though recovery is expected in Q3 via the Heaven Burns Red anniversary and Chinese market expansion.
The Commerce business achieved a 137% year-on-year surge in operating income, driven primarily by the adoption of SaaS solutions within the hospitality and restaurant sectors.
The Metaverse segment recorded a 119% year-on-year sales increase in the VTuber business and achieved profitability on the REALITY platform, though heavy investment in talent resulted in a divisional operating loss.
Management aims for the Metaverse segment to reach a break-even point by the end of the fiscal year, with a long-term operating profit target of ¥1.9 billion by FY2026.
The Investment business holds ¥83.1 billion in assets under management with ¥32.6 billion in unrealized gains, despite reporting a quarterly loss due to the timing of distributions.
Consolidated net sales for Q2 FY2024 reached ¥14.2 billion with an operating income of ¥0.8 billion, meeting internal projections despite a 10% sequential decline in sales.
The Game and Anime segment revenue fell 11% to ¥10.4 billion due to the conclusion of anniversary events and title closures, though recovery is expected in Q3 via the Heaven Burns Red anniversary and Chinese market expansion.
The Commerce business achieved a 137% year-on-year surge in operating income, driven primarily by the adoption of SaaS solutions within the hospitality and restaurant sectors.
The Metaverse segment recorded a 119% year-on-year sales increase in the VTuber business and achieved profitability on the REALITY platform, though heavy investment in talent resulted in a divisional operating loss.
Management aims for the Metaverse segment to reach a break-even point by the end of the fiscal year, with a long-term operating profit target of ¥1.9 billion by FY2026.
The Investment business holds ¥83.1 billion in assets under management with ¥32.6 billion in unrealized gains, despite reporting a quarterly loss due to the timing of distributions.