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Consolidated Financial Results The contents in this material reflect information and our opinions only as of ourselves to revise or publicly release the results of any revision to these FY3/26 – 1<sup>st</sup> Quarter forward looking statements in light of new information or future events. You Akatsuki Inc. August 8, 2025 that could cause actual results to differ materially.
The briefing presents FY2026 1Q financial results for GREE Holdings, emphasizing a re‑segmentation of the former Metaverse Business into distinct Platform and Production units under the VTuber umbrella. Net sales reached ¥12.0 billion with operating profit of ¥1.1 billion, surpassing FY2025 full‑year expectations; consolidated figures including the Investment Business were ¥12.8 billion in sales and ¥1.1 billion in operating profit, buoyed by foreign‑exchange gains from yen depreciation and investment security sales. Variable costs fell due to lower advertising spend and commission fees, while fixed costs remained stable. Segment‑level analysis shows the Game Business experiencing a temporary sales dip from declining momentum of recent titles, yet operating profit rose thanks to overseas development contracts and a live‑service game pipeline. The VTuber Business recorded a 9 % YoY sales increase and a 142 % jump in operating profit, driven by cost controls on payment processing and gradual profitability of the Production arm. The IP Business saw modest sales decline and sharper profit erosion, with Anime and Entertainment Solution units posting delayed revenue but expected to normalize in the second half. The DX Business maintained a gradual uptrend, with consulting projects offsetting outsourcing declines. Forecasts for 2Q FY2026 anticipate sales growth but a profit decline due to console‑game development expenses. Full‑year FY2026 projections expect profits to exceed initial targets, with medium‑term goals unchanged: a profit trough in FY2026 followed by rebound in FY2027–FY2028, and a focus on recurring revenue models and M&A to drive long‑term growth.