Updated Mar 21, 2026 by GREE
GREE Holdings reported Q1 FY2026 consolidated net sales of ¥12.8 billion and an operating profit of ¥1.1 billion, with profits exceeding projections due to disciplined cost controls.
The VTuber Business achieved record operating profits with a 142% year-over-year increase, driven by lower payment processing fees and reduced losses in the Production sub-segment.
The Game Business remains the primary revenue driver at ¥7.5 billion, though it faces declining momentum that the company intends to address by pivoting toward console development, including one proprietary IP title scheduled for FY2026.
The company rebranded its Metaverse segment to the VTuber Business, restructuring it into Platform and Production sub-segments to align with current operational focus.
The IP Business experienced revenue delays in its anime division, while the DX Business saw performance gains from large consulting orders.
Management maintains a medium-term strategy to establish a profit floor in FY2026, targeting a return to a growth trajectory in FY2027 and FY2028 through recurring earnings and internal IP development.
GREE Holdings reported Q1 FY2026 consolidated net sales of ¥12.8 billion and an operating profit of ¥1.1 billion, with profits exceeding projections due to disciplined cost controls.
The VTuber Business achieved record operating profits with a 142% year-over-year increase, driven by lower payment processing fees and reduced losses in the Production sub-segment.
The Game Business remains the primary revenue driver at ¥7.5 billion, though it faces declining momentum that the company intends to address by pivoting toward console development, including one proprietary IP title scheduled for FY2026.
The company rebranded its Metaverse segment to the VTuber Business, restructuring it into Platform and Production sub-segments to align with current operational focus.
The IP Business experienced revenue delays in its anime division, while the DX Business saw performance gains from large consulting orders.
Management maintains a medium-term strategy to establish a profit floor in FY2026, targeting a return to a growth trajectory in FY2027 and FY2028 through recurring earnings and internal IP development.