Key insights
7 takeaways · ~3 min read- 01GREE's consolidated financial results for Q3 FY24 show net sales of ¥17.2 billion and operating profit of ¥2.5 billion, achieving QoQ growth in both sales and profit and surpassing expectations.See it on page 5
- 02The Game and Anime business was the primary driver of growth, with net sales of ¥13.0 billion (QoQ +¥2.5 billion) and operating profit of ¥2.6 billion (QoQ +¥1.3 billion), largely due to successful 2nd-anniversary events for Heaven Burns Red.See it on page 18
- 03The company revised its dividend policy to maintain a Dividend on Equity (DOE) of around 3% and a consolidated dividend payout ratio of 30% or higher, with a forecast of ¥16.5 per share for FY24.See it on page 10
- 04The Metaverse business, despite a QoQ sales decrease to ¥1.6 billion, saw operating profit increase to ¥0.1 billion (QoQ +¥0.2 billion) due to improved profit margins from diversified payment methods in the Platform Business.See it on page 26
- 05The DX Business experienced QoQ growth in sales to ¥1.5 billion (QoQ +¥0.2 billion) and operating profit to ¥0.3 billion (QoQ +¥0.1 billion), driven by growth in the Advertising Business.See it on page 34
- 06The Commerce business performed weakly, with net sales of ¥0.3 billion and negligible operating profit, impacted by an algorithm update.See it on page 42
- 07The Investment business saw net sales increase to ¥0.8 billion (QoQ +¥0.4 billion) and accumulated investment assets with an operational investment securities valuation of ¥33.0 billion.See it on page 51
Summary
FY2024 Third Quarter Financial Results FY24 3Q ◼ Net sales ¥17.2 billion, operating profit ¥2.5 billion, EBITDA ¥2.6 billion Overview ⁃ Achieved QoQ growth in sales and profit and results surpassed expectations Game and ◼ Successful 2nd anniversary events for Heaven Burns Red, QoQ growth in sales Net sales ¥13.0 billion<sub>(QoQ+¥2.5billion),</sub> operating profit ¥2.6 billion<sub>(QoQ+¥1.3 billion)</sub> Operational Overview ...
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