Updated Mar 23, 2026 by GREE
GREE, Inc. reported Q3 FY2024 net sales of ¥17.2 billion and an operating profit of ¥2.5 billion, driven by a 93% quarter-over-quarter profit surge in the Game and Anime segment.
The Game and Anime segment's strong performance was primarily fueled by the two-year anniversary events for *Heaven Burns Red*, which offset weaker results in the Commerce and Investment divisions.
The Metaverse Business achieved profitability for the first time with ¥80 million in operating profit on ¥1.61 billion in sales, supported by growth in its Platform and VTuber sub-segments.
Commerce Business earnings declined due to a Google algorithm update, though management anticipates a V-shaped recovery in Q4.
The company revised its dividend policy to a 3% Dividend on Equity (DOE) and a payout ratio of up to 30%, resulting in a forecast of ¥16.5 per share for FY2024.
Q4 FY2024 projections anticipate a decline in performance following the conclusion of anniversary events, with expected sales of ¥9.6–11.3 billion and operating profit of ¥1.6–1.9 billion.
Medium-term targets for FY2026 aim for the Metaverse Business to reach ¥15–16 billion in sales and approximately ¥2.0 billion in operating profit.
GREE, Inc. reported Q3 FY2024 net sales of ¥17.2 billion and an operating profit of ¥2.5 billion, driven by a 93% quarter-over-quarter profit surge in the Game and Anime segment.
The Game and Anime segment's strong performance was primarily fueled by the two-year anniversary events for *Heaven Burns Red*, which offset weaker results in the Commerce and Investment divisions.
The Metaverse Business achieved profitability for the first time with ¥80 million in operating profit on ¥1.61 billion in sales, supported by growth in its Platform and VTuber sub-segments.
Commerce Business earnings declined due to a Google algorithm update, though management anticipates a V-shaped recovery in Q4.
The company revised its dividend policy to a 3% Dividend on Equity (DOE) and a payout ratio of up to 30%, resulting in a forecast of ¥16.5 per share for FY2024.
Q4 FY2024 projections anticipate a decline in performance following the conclusion of anniversary events, with expected sales of ¥9.6–11.3 billion and operating profit of ¥1.6–1.9 billion.
Medium-term targets for FY2026 aim for the Metaverse Business to reach ¥15–16 billion in sales and approximately ¥2.0 billion in operating profit.