Updated Mar 21, 2026 by GREE
GREE Holdings raised its full-year operating profit forecast from ¥3.6 billion to ¥4.4 billion, driven by effective cost controls and strong performance in the VTuber sector.
Consolidated Q2 FY2026 results show net sales of ¥12.7 billion and an operating profit of ¥0.4 billion.
The VTuber business achieved record-high quarterly sales, fueled by a 50% quarter-on-quarter increase in the Production Business.
The Game Business remains the primary revenue driver with ¥7.1 billion in quarterly sales, supported by better-than-expected performance from existing titles and a new console game announcement planned for Q3.
The IP Business returned to profitability during the quarter, largely due to the realization of delayed anime distribution revenue.
The Investment Business recorded an operating loss for the quarter due to valuation losses on investee funds.
Management identifies FY2026 as an earnings floor, projecting a return to growth in FY2027 and FY2028 as new game titles and production initiatives scale.
GREE Holdings raised its full-year operating profit forecast from ¥3.6 billion to ¥4.4 billion, driven by effective cost controls and strong performance in the VTuber sector.
Consolidated Q2 FY2026 results show net sales of ¥12.7 billion and an operating profit of ¥0.4 billion.
The VTuber business achieved record-high quarterly sales, fueled by a 50% quarter-on-quarter increase in the Production Business.
The Game Business remains the primary revenue driver with ¥7.1 billion in quarterly sales, supported by better-than-expected performance from existing titles and a new console game announcement planned for Q3.
The IP Business returned to profitability during the quarter, largely due to the realization of delayed anime distribution revenue.
The Investment Business recorded an operating loss for the quarter due to valuation losses on investee funds.
Management identifies FY2026 as an earnings floor, projecting a return to growth in FY2027 and FY2028 as new game titles and production initiatives scale.