Net sales ¥22.2 billion, operating income ¥4.2 billion, EBITDA ¥4.3 billion
The Internet and Entertainment Business operating income of ¥1.8 billion surpassed our forecast despite sizable upfront investments in promotional activities
Investment and Incubation Business operating income of ¥2.4 billion contributed to companywide earning growth
Business Overview
Continued strong performance from Heaven Burns Red
Conducted successful one-year anniversary event for Japanese version and maintained strong performance including achieving No. 1 sales ranking
Began global distribution and got off to a smooth start
Made progress in developing the Metaverse Business
Diversified our business portfolio by establishing new companies to handle our VTuber Business and B2B Metaverse Business
Outlook
◼ Aggressive investment, especially in the Metaverse Business;
for FY23
expect stable income, but decline in profit following strong
Gree Inc. published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 06:04:27 UTC.
Gree Inc is a Japan-based company mainly engaged in the internet media business. The Company is mainly engaged in the operation of GREE, the development and operation of app games for smartphones in Japan and overseas, as well as the operation of advertising media, and the provision of live entertainment business.
GREE, INC. 
