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Establishment of the Release Date for the Game Frostpunk 2

The release schedule for the sequel to the critically acclaimed survival‑simulation title has been finalized, with a global launch set for July 25 2024. The announcement confirms that the PC version will debut on major digital storefronts—Steam, GOG, and Epic Games Store—and will be immediately available through Microsoft’s PC Game Pass. Future console releases are planned for PlayStation 5 and Xbox Series X/S, with the game slated to join the Xbox Game Pass library thereafter. Pre‑sales commenced on March 6 2024, offering both a Deluxe Edition and a Base Game through Steam and the Microsoft Store. Pricing for the premium package is set at $74.99 / €74.99 (259.99 PLN), while the standard edition is priced at $44.99 / €44.99 (159.99 PLN). These figures reflect the company’s strategy to capture early adopters and maximize revenue across multiple platforms. The communication originates from the board of 11 bit studios S.A., with Przemysław Marszał as President and Grzegorz Miechowski as board member. The release date decision aligns with the studio’s broader rollout plan, ensuring a coordinated launch across digital and subscription services. The information is disclosed under Article 17(1) of the MAR, indicating its confidential nature within corporate governance.

game-publishing pc console+2

11 bit studios

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Summary of Main Questions and Answers at the FY2019 Third Quarter GREE Results Briefing

The briefing focused on GREE’s fiscal 2019 third‑quarter performance and forward outlook. The company projected a significant rise in net sales for the fourth quarter, with operating income expected to remain robust after excluding one‑time events. Management emphasized continued investment in marketing and development, noting that new titles launched next fiscal year could provide additional upside. Operating income for the third quarter exceeded forecasts largely due to stronger overseas sales of “Another Eden.” Advertising spend stayed near budgeted levels, while fixed‑cost efficiencies in the game business surpassed expectations, contributing to higher profitability. In discussing the Reality division, GREE highlighted key performance indicators such as installation numbers and persistence rates, which it considers critical for sustaining user engagement. The division plans to maintain upfront investments while maintaining healthy KPI trends, aiming to expand its market presence. The briefing covered Japan and international markets for the 2019 fiscal year, with a focus on game development and mobile services. Data points were drawn from internal financial results and operational metrics, with no external survey methodology disclosed. Overall, the company presents a positive trajectory for Q4 and beyond, driven by overseas growth, cost efficiencies, and continued investment in high‑potential titles.

market-analysis market-forecast investment+4

GREE

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FY2013 First Quarter Financial Results

The quarterly results for FY2013 first quarter show a 5 % decline in net sales compared with the previous quarter, yet monthly sales have begun to recover after a July trough. Net sales fell 25 % year‑over‑year to ¥37,935 million, while EBITDA and operating profit dropped 15 % and 17 %, respectively. Net profit fell 26 % QoQ to ¥9,069 million and 4 % YoY. Labor costs rose 7 % QoQ, reflecting a global expansion plan that also increased other upfront investments. Advertising and paid‑charge expenses grew modestly, while rental charges fell 38 % QoQ due to a temporary spike in the prior quarter. Cash and cash equivalents dropped 48 % QoQ, but current assets fell only 30 %, supported by a 55 % YoY rise in receivables. Total assets declined 17 % QoQ, largely from a 40 % reduction in current liabilities. The company’s balance sheet remains solid with retained earnings up 3 % QoQ. Strategically, the company accelerated game releases in Japan and overseas, adding IP‑based titles such as “Metal Gear Solid Social Ops” and “World Ends With You Live Remix.” Partnerships with Pokelabo, Yahoo! Japan, and SingTel expanded user reach in domestic, North American, European, Korean, and Asia‑Pacific markets. A new merchandising subsidiary was launched to monetize IP through consumer products. The company also strengthened its regulatory and safety framework, joining the Japan Social Game Association and enhancing content monitoring systems. Overall, the quarter reflects a recovery trajectory amid investment in global expansion and IP‑driven game development.

market-analysis mergers-acquisitions mobile+2

GREE

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FY2019 Third Quarter Financial Results

The FY2019 third‑quarter results demonstrate a solid operating performance driven largely by overseas distribution of first‑party IP and cost efficiencies in existing titles. Net sales reached ¥17.6 billion, slightly below the forecasted ¥18 billion range but up 0.23 % YoY, while operating income rose to ¥1.6 billion, surpassing the forecasted ¥1.5 billion and marking a 0.59 % QoQ increase. EBITDA stood at ¥1.8 billion, reflecting a 0.60 % QoQ gain and a 1.35 % YoY decline, largely attributable to one‑off events that added ¥390 million in sales and ¥460 million in income. Adjusted figures, excluding these events, show net sales of ¥17.25 billion and operating income of ¥1.09 billion, underscoring the underlying strength. Key drivers include a successful launch of “Another Eden” in eight overseas markets, which contributed significantly to paid‑service sales (¥13.65 billion), and a global simultaneous collaboration event for “DanMachi” that boosted user engagement. The company also advanced its mobile pipeline, with five titles in development and pre‑registrations for “AFTERLOST” underway. Cost management improved markedly, with total costs falling ¥700 million QoQ to ¥16.1 billion, driven by reduced outsourcing and streamlined operations. Geographically, the focus remains on Japan with expanding presence in North America, Europe, and Asia‑Pacific through self‑distribution and partner agreements. The 4Q forecast projects net sales of ¥17–18 billion and operating income of ¥1.0–1.5 billion, anticipating continued momentum from anniversary events and new title releases. The company’s workforce totals 1,693 employees across game‑entertainment, advertising, and other businesses.

market-analysis mobile live-ops+2

GREE

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FY2023 First Quarter Financial Results Briefing

GREE, Inc. reported FY2023 first‑quarter results with net sales of ¥16.6 billion and operating income of ¥1.58 billion, driven largely by the Internet and Entertainment segment. The flagship game “Heaven Burns Red” continued to outperform expectations, sustaining high sales rankings and generating strong variable revenue; however, quarter‑on‑quarter sales declined after a peak in FY22 due to the absence of new releases and anniversary events. Variable costs fell, while fixed costs remained stable, resulting in a total cost reduction of ¥2.0 billion to ¥15.0 billion. The Metaverse business, centered on the global platform REALITY, achieved a milestone of 10 million downloads across 63 countries. GREE plans to expand content and communication features—such as new gaming titles, reaction stickers, and chat GIFs—to increase user engagement and monetize the platform further. The Commerce and DX segment continued to grow its SaaS offering, aumo My Business, with rising media users and clients. Investment and Incubation activities saw an AUM increase to ¥80 billion, driven by asset revaluation and new investments in three VC funds (Japan and the U.S.) and 14 startups. Despite a decline in listed‑stock valuations, unlisted holdings rose, improving overall portfolio value and IRR, particularly in the growth phase. Geographically, GREE’s operations span Japan and international markets, with a focus on expanding overseas reach for both gaming and Metaverse services. The company anticipates stable income in FY23, with a projected operating income of ¥1.0–¥1.5 billion for the second quarter, while maintaining aggressive investment in Metaverse development.

market-analysis metaverse mobile+2

GREE

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Financial Results for the Second Quarter: Fiscal Year Ending June 30, 2012

GREE, Inc. reported a robust second‑quarter performance for the fiscal year ending June 30 2012, driven by accelerated global expansion and monetization of its social‑gaming platform. Net sales rose 36 % to ¥41,529 million, marking a record high and reflecting a 39.2 % quarter‑on‑quarter increase in paid‑service sales alongside a 10.5 % rise in advertising revenue. Operating profit climbed 35 % to ¥22,535 million, and net income grew 35 % to ¥12,740 million, both surpassing the previous year’s figures by 225–250 %. The company achieved a consolidated registered user base of approximately 190 million worldwide, with Japanese users representing 15.3 %. Strategic initiatives included the launch of a unified global platform, integration with OpenFeint, and opening nine international offices to strengthen development and carrier partnerships. Monetization efforts expanded through the release of seven in‑house smartphone games, about 700 partner titles, and new payment methods such as PayPal and prepaid cards. Operating expenses increased in line with growth, particularly in rental charges (14 % QoQ) and advertising spend (54 % QoQ), yet sales growth outpaced cost escalation. Forecast revisions for FY2012 raised net‑sales expectations to ¥160 billion and operating profit to ¥80 billion, underscoring confidence in continued global market penetration and diversified revenue streams.

market-analysis monetization mobile+2

GREE

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Summary of Main Supplementary Explanations Questions and Answers: FY2023 Second Quarter

The briefing outlines GREE’s performance and strategic outlook for the second quarter of FY2023, focusing on its Internet and Entertainment Business. Sales in the Game and Anime segment remained steady for “Heaven Burns Red,” though revenue tapered after the half‑year anniversary promotion; growth continued in Metaverse and Commerce & DX divisions. The company anticipates a one‑year anniversary event for the Japanese version of Heaven Burns Red and imminent releases in Korean and traditional Chinese, with pre‑registrations already generating significant buzz at local game shows. The Anime Business is positioned to secure and diversify intellectual property, enabling in‑house development of game‑to‑anime adaptations that can enhance user engagement and revenue. Metaverse operations, branded as REALITY, have surpassed the break‑even point and achieved profitability. Over the past six months, overseas sales grew markedly, with North America leading after Japan, followed by Indonesia and Thailand. User demographics skew female and Generation Z, with a strong preference for private communication features. Monetization streams—live‑stream gifting, avatar sales, and in‑game purchases—are expanding consistently across regions. Advertising spend is expected to rise in the third quarter, driven by anniversary events and new language releases for Heaven Burns Red, as well as intensified promotion of REALITY. Operating income projections for the Internet and Entertainment Business in Q3 FY2023 range from ¥1.0 billion to ¥1.5 billion, contingent on the performance of the Korean and Chinese versions. The Investment and Incubation Business remains cautious, with potential short‑term losses anticipated due to market conditions. However, diversified investment timing and targets are projected to stabilize contributions over the medium‑to‑long term.

market-analysis metaverse mobile+4

GREE

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FY2023 Third Quarter GREE Results Briefing: Summary of Supplementary Explanations

The briefing clarifies GREE’s financial outlook and strategic positioning for FY2023, focusing on the third quarter results. It reports that overseas releases of “Heaven Burns Red” have begun to generate sales consistent with market size, though a precise forecast remains unavailable due to the short time frame. In the Internet and Entertainment segment, operating income for Q4 is projected at approximately ¥1.5 billion, reflecting a decline from the Japanese version’s anniversary event contributions but offset by overseas expansion. The company highlights its metaverse platform, REALITY, as a key growth driver. REALITY boasts over 10 million global users, with daily engagement rates that surpass many competitors, and has achieved steady monetization through avatar sales and livestreaming. GREE plans to enhance the platform with generative AI, enabling user‑generated 3D content such as avatars and world elements, mirroring approaches seen in other metaverse services. For the Investment and Incubation Business, Q4 operating income is expected to reach roughly ¥0.5 billion, largely supported by dividend receipts from corporate venture capital funds. Overall, the briefing underscores GREE’s focus on expanding overseas markets, monetizing its metaverse ecosystem, and leveraging AI to sustain growth across its entertainment and investment portfolios.

market-analysis monetization metaverse+3

GREE

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Summary of Main Supplementary Explanations Questions and Answers: FY2021 First Quarter GREE Results Briefing

The briefing explains that first‑quarter FY2021 sales and operating income rose despite a divestiture of the 3Minute fashion commerce unit, which reduced Advertising and Media sales by several hundred million yen. Growth was driven mainly by the launch of SINoALICE’s global version on July 1, coupled with a reduction in fixed costs. One‑time expenses incurred in Q4 FY2020 were eliminated, and restructuring within Advertising and Media cut development costs for the Game business. Operating income is projected to remain stable in Q2 FY2021, with a forecasted range of ¥0.5 billion to just under ¥1.0 billion, reflecting a decline in SINoALICE momentum and an uptick in game development outlays. Fixed‑cost trends are expected to fluctuate by a few hundred million yen annually, with game development expenses projected between ¥7.5 billion and ¥8.5 billion. The Chinese version of DanMachi is performing as anticipated, contributing to earnings through a net‑level profit share with the local partner; however, its impact on overall profitability is modest. The Advertising and Media division aims to achieve profitability in FY2021, while the Live Entertainment segment shows a narrowing loss margin due to sales growth. Overall, the company’s restructuring and strategic releases have bolstered revenue and controlled costs, positioning it for steady profitability in the second quarter while maintaining a cautious outlook on development spending and partner‑shared titles.

market-analysis monetization mobile+2

GREE

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FY2020 Second Quarter Financial Results

The FY2020 second‑quarter results show a net sales volume of ¥16.4 billion, up 0.64 % from the prior quarter and down 1.29 % year‑over‑year, reflecting a successful launch of a third‑party distributed title and continued growth in first‑party IP sales across the United States, Europe, and Asia. Operating income reached ¥0.81 billion, a decline of ¥0.36 billion versus the previous quarter largely due to higher royalty and advertising expenses, yet still surpassing forecast expectations. EBITDA stood at ¥1.09 billion, a modest QoQ decrease of ¥0.20 billion, while net income surged to ¥2.55 billion, driven by a ¥3.0 billion gain from investment‑security sales. Cost analysis indicates total operating costs rose by ¥1.0 billion QoQ to ¥15.62 billion, with variable costs increasing by ¥0.02 billion and fixed costs rising by ¥1.00 billion, largely attributable to elevated advertising spend during the year‑end season campaign and higher commission costs linked to increased sales. Labor costs remained stable, while depreciation and goodwill amortization were unchanged. Strategic initiatives highlighted include the simultaneous global release of a third‑party title, expansion of the REALITY virtual live‑distribution platform with low‑latency enhancements, and intensified media marketing campaigns that boosted overseas sales by 2.7× for the “Another Eden” series. The company projects firm profitability in future quarters, supported by its diversified game, live‑entertainment, and advertising businesses.

market-analysis game-publishing mobile+4

GREE

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FY2022 First Quarter Financial Results

The first‑quarter fiscal year 2022 results show net sales of ¥13.7 billion, operating income of ¥1.6 billion, and EBITDA of ¥1.6 billion, reflecting a 4% decline in sales versus the prior quarter but an improvement over the same period last year. Operating income fell by 1.6 billion yen from the previous quarter, largely due to a rebound in anniversary events for core titles such as *Another Eden* and *SINoALICE*. The decline was partially offset by gains in the Investment and Incubation Business, which contributed ¥0.47 billion to operating income. Cost structure analysis indicates total costs decreased by ¥0.6 billion QoQ to ¥12.1 billion, driven mainly by lower commission fees and reduced variable costs. Advertising expenses rose to ¥0.82 billion, reflecting increased investment in the Metaverse platform *REALITY* and global promotional activities. Labor costs remained stable, while outsourcing expenses for game development increased. The company continued to expand its gaming portfolio, launching *That Time I Got Reincarnated as a Slime: ISEKAI Memories* and pre‑registering *Heaven Burns Red*. Metaverse initiatives saw expanded avatar content and global distribution, while media collaborations broadened community engagement. Investment activities maintained a stable long‑term income stream, with assets under management around ¥67 billion across corporate venture capital and LP funds. Share repurchase activity reached roughly 15.4 million shares, totaling ¥13.6 billion, as part of a flexible capital policy aimed at enhancing shareholder returns. The overall outlook emphasizes growth in sales and profit through stable operations of core gaming titles, new releases, and continued investment in emerging digital platforms.

market-analysis game-development metaverse+2

GREE

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FY2024 Fourth Quarter Financial Results Briefing

The briefing presents GREE, Inc.’s FY2024 financial performance and strategic outlook. Net sales for the fiscal year reached ¥61.3 billion, operating profit stood at ¥6.0 billion, and EBITDA was ¥6.3 billion, aligning with expectations. Quarterly results for 4Q mirrored forecasts: ¥14.1 billion in sales, ¥1.4 billion operating profit, and ¥1.5 billion EBITDA. A revised dividend policy raised the year‑end payout to ¥16.5 per share, targeting a 30 % payout ratio and a dividend‑of‑earnings ratio near 3 %. Segment restructuring is underway; the Commerce Business merges into DX Business starting FY2025 to clarify B2B positioning. Continuous‑growth businesses—Metaverse and DX—are positioned as core earnings engines, with a target CAGR of 120–140 % for operating profit. Long‑term investment businesses, notably Game and Anime, face higher volatility; FY2025 forecasts anticipate sales of ¥60.2 billion and operating profit of ¥3.8 billion, with a temporary dip in 1Q due to rising development costs. The Metaverse segment achieved ¥6.5 billion in sales and ¥1.3 billion operating profit, driven by platform gains and a 190 % YoY rise in VTuber merchandise. DX Business reported ¥1.75 billion sales and ¥0.22 billion profit, with a shift toward SaaS solutions to replace labor‑intensive outsourcing. Investment Business generated modest profit of ¥0.15 billion in 4Q, with assets under management rising to ¥35.3 billion. Overall, GREE projects FY2025 sales of ¥60–61 billion and operating profit around ¥3.8 billion, while medium‑term targets for FY2026 and FY2027 are moderated due to adjusted release schedules in Game and Anime. The company emphasizes stable earnings from core segments, aggressive investment in new titles, and restructuring of B2B services to secure recurring revenue streams.

market-analysis investment japan+1

GREE

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Summary of main supplementary explanations questions and answers at the FY2025 First Quarter GREE results briefing held on November 5, 2024 PDF

The briefing clarified GREE’s strategic focus for FY2025 first‑quarter results, emphasizing both gaming and investment operations. In the gaming segment, the company confirmed that advance registrations for the English version of “Heaven Burns Red” are strong and that distribution will be handled by Yostar Games, whose track record in expanding English‑speaking fan communities is expected to generate significant buzz. GREE highlighted ongoing community building efforts prior to launch, underscoring a proactive marketing approach. Regarding the investment business, management acknowledged that valuation‑loss risk remains comparable to Q1 FY2025 levels. The primary driver of past losses was large investments in funds nearing the end of their operating periods; however, diversification and limited exposure to such funds mitigate long‑term impact. GREE maintains that while short‑term volatility may persist, medium‑to‑long‑term earnings should remain stable as funds mature and yield dividends or asset sales. The company reiterated its commitment to investing in GREE‑Group managed funds, including GREE Ventures, and expects related risks to surface only after several years. Overall, the briefing presented a balanced outlook: aggressive growth in the gaming arm through strategic partnerships and community engagement, coupled with cautious yet steady investment practices aimed at preserving earnings stability amid inherent valuation risks.

market-analysis game-publishing investment+3

GREE

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Consolidated Financial Results for the Fiscal Year Ended December 31, 2025: IFRS

[This is an English translation prepared for the convenience of non-resident shareholders. Should there be any inconsistency between the translation and the official Japanese text, the latter shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translations.] Consolidated Financial Results for the Fiscal Year Ended December 31, 2025 URL: https://www.nexon.co.jp/en/ir/ Representative: Junghun...

market-analysis investment global+3

NEXON Co.

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FY2015 First Quarter Financial Results

The first‑quarter fiscal 2015 results show net sales of ¥25.4 billion and operating income of ¥6.4 billion, a decline in sales but a flat operating margin compared with the previous quarter due to a ¥1.4 billion cut in advertising costs. Net sales fell 9.9% year‑over‑year, driven by softer performance of existing titles in Japan and overseas markets. EBITDA rose modestly to ¥8.01 billion, while ordinary income increased by ¥2.27 billion largely from a ¥17.2 billion exchange gain on USD‑denominated loans. An extraordinary loss of ¥2.03 billion was recorded from write‑downs of assets related to discontinued titles, reducing net income to ¥3.48 billion. Cost structure analysis indicates a 7% reduction in total costs to ¥19.0 billion, largely from advertising (down 13% QoQ) and commission fees. Variable costs fell by ¥1.19 billion, while fixed costs decreased marginally. The company’s strategy focuses on accelerating native game development, having shifted resources from web games and added 12 new production lines. Three first‑party native titles are slated for launch in the winter, and partnerships with LINE and KDDI aim to expand cross‑border reach. For FY15 first half, the company forecasts net sales of ¥49.0 billion and operating income of ¥10.5 billion, assuming minimal seasonal impact and continued cost control. The outlook emphasizes native hit titles as the primary growth driver, with web games supporting earnings and new ventures in mobile video advertising and venture capital investments.

market-analysis game-development monetization+5

GREE

Establishment of the Release Date for the Game Frostpunk 2

Summary of Main Questions and Answers at the FY2019 Third Quarter GREE Results Briefing

FY2013 First Quarter Financial Results

FY2023 Fourth Quarter Financial Results

FY2019 Third Quarter Financial Results

FY2023 First Quarter Financial Results Briefing

Financial Results for the Second Quarter: Fiscal Year Ending June 30, 2012

Summary of Main Supplementary Explanations Questions and Answers: FY2023 Second Quarter

FY2023 Third Quarter GREE Results Briefing: Summary of Supplementary Explanations

Financial Results for the Fourth Quarter of the Fiscal Year Ended June 30, 2012

Summary of Main Supplementary Explanations Questions and Answers: FY2021 First Quarter GREE Results Briefing

FY2020 Second Quarter Financial Results

FY2022 First Quarter Financial Results

FY2024 Fourth Quarter Financial Results Briefing

Summary of main supplementary explanations questions and answers at the FY2025 First Quarter GREE results briefing held on November 5, 2024 PDF

Consolidated Financial Results for the Fiscal Year Ended December 31, 2025: IFRS

FY2015 First Quarter Financial Results

Half-Yearly Report: 2016-2017

Annual Report 2019

Annual Report 2025