GREE Consolidated Financial Results for the Nine Months Ended March 31, 2025

GREE Holdings, Inc. reported consolidated financial results for the nine-month period ending March 31, 2025, reflecting a challenging fiscal environment. The company recorded net sales of 43,136 million yen, representing an 8.6% year-on-year decline. Profitability metrics also faced significant downward pressure, with operating profit falling 18.6% to 3,707 million yen and profit attributable to shareholders of the parent dropping 71.9% to 900 million yen. Due to the volatility of the Investment Business and broader market uncertainties, the company has suspended the disclosure of its full-year consolidated earnings forecast.

Performance across business segments was mixed. The Game and Anime Business, the company's largest segment, struggled with weak results from existing titles, leading to a 17.0% decrease in net sales and a 38.7% decline in operating profit. Conversely, the Metaverse Business demonstrated strong growth, with net sales rising 15.6% and operating profit surging 586.9% following successful cost-streamlining efforts and expansion of the REALITY platform. The Investment Business also showed improvement, moving from an operating loss in the previous year to an operating profit of 120 million yen, driven by the sale of shares in venture capital funds and startups.

The company maintains a stable financial position with an equity-to-asset ratio of 73.5% as of March 31, 2025. Total assets stood at 125,795 million yen, while total liabilities were 32,785 million yen. During the period, the company implemented organizational changes, including merging the Commerce Business into the DX Business and establishing a new IP Business segment to better align its operational structure. These results were prepared in accordance with Japanese GAAP, and the company continues to focus on long-term portfolio stability despite near-term headwinds.