Report
FY2018 First Quarter Financial Results
The quarterly results demonstrate a robust first‑quarter performance for FY2018, with net sales reaching ¥21.6 billion and operating income of ¥2.7 billion, reflecting a 17.1 % year‑over‑year increase and a 25 % quarter‑on‑quarter rise in sales. EBITDA stood at ¥3.1 billion, up from a negative figure the previous quarter, underscoring improved profitability after a sharp rebound in operating income. The company attributes growth to full‑scale operation of existing hit titles, aggressive media investment, and the launch of a new title in October. Advertising spend surged to ¥2.33 billion, driven by media‑operations expansion and promotional activities such as TV commercials, while labor costs fell due to overseas base closures. Financial forecasts for the first half of FY2018 project net sales of ¥40.5 billion and operating income of ¥4.5 billion, assuming a temporary dip in sales from mature titles and conservative earnings targets for new releases. The company plans continued investment in advertising to support high‑growth business segments. Operationally, the native game portfolio expanded from one released title to five in development, including first‑party and third‑party IPs. Existing titles received major updates and large‑scale collaborations, boosting coin consumption to 15 billion units in the quarter. The advertising and media arm reported a 2.4× QoQ increase in page views, driven by the LIMIA app’s growth to over one million monthly active users. Geographically, revenue is split between domestic and overseas markets, with overseas operations contributing a growing share of sales. The company’s headcount totaled 1,424 employees across game entertainment, advertising, and corporate functions. Overall, FY2018 Q1 results indicate strong top‑line momentum, improved profitability, and a strategic focus on expanding both domestic and international market presence.
GREE
Report
Wyniki Finansowe 1H23: PCF Group S.A.
The presentation reports PCF Group S.A.’s financial performance for the first half of 2023, covering operations across its global studio network and publishing activities. Revenue rose to PLN 90.6 million in 1H 2023, up from PLN 68.7 million in the same period of 2022, driven primarily by a new contract with Take Two Interactive and the launch of the VR title “Green Hell.” Operating income (EBIT) reached PLN 29.0 million, a significant improvement over the prior year’s negative EBIT of PLN 13.1 million, reflecting higher scale and a 16 % increase in the workforce from 29.7 k to 34.5 k employees by June 30, 2023. The group’s balance sheet shows total assets of PLN 481.9 million at 30 June 2023, up from PLN 350.8 million in December 2022, with equity strengthening to PLN 277.6 million. Cash and cash equivalents increased by PLN 235.3 million, largely due to a secondary public offering (SPO) that raised PLN 235.3 million at an issue price of PLN 40.20 per share. Key shareholders include Krafton Inc., which invested PLN 144.5 million and secured preferential rights for future publishing agreements. Portfolio highlights include the self‑publishing titles “Maverick,” “Gemini,” and “Dagger,” with projected releases in 2025‑26, and the VR project “Green Bulletstorm” slated for a 14 December 2023 launch. The company projects continued growth in both development and publishing segments, with a focus on expanding its VR footprint and leveraging strategic partnerships for upcoming releases.
PCF Group
